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Other information: 1) Inventory on 31 March 2022 was RM42,800 2) Depreciation provided for the year: Plant and machinery Vehicles RM25,700 RM15,300 3) Provision
Other information: 1) Inventory on 31 March 2022 was RM42,800 2) Depreciation provided for the year: Plant and machinery Vehicles RM25,700 RM15,300 3) Provision for doubtful debts amounting to 2% of trade receivable must be provided. 4) Adjustments are as follows: Accrued rent and rates RM1,000 Accrued electricity and water RM4,800 Prepaid salaries and wages RM4,500 Prepaid insurance RM5,000 Required: a) Prepare Hafiz Enterprise's Income Statement for the year ended (post adjustments) for the year ended 31 March 2022. (8 marks) b) Prepare Hafiz Enterprise's Statement of Financial Position (post adjustments) as at 31 March 2022. (7 marks) [Total: 15 Marks]
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