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please show the calculations in details and the formula should be complete Ms Azira, who runs Caramel Enterprise had the following balances extracted from the

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Ms Azira, who runs Caramel Enterprise had the following balances extracted from the books of the business on 31 December 2019. Additional information: i. Closing inventory were valued at RM5,500 ii. Ms Azira took goods worth RM200 for her private use which has not been accourted for in the book. iii. Provision for doubtful debts is estimated to be at 5% of account receivable. IV. Depreciate fixtures and fittings at 10% per annum and otfice equipment at 15% per annum on cost using straight line method. v. Electricity expenses owing was RM250. vi. RM100 of the insurance expense was insurance for the next accounting period. Required: a) prepare a stalement profit and Loss for the year ended 31 Dec 2019 . b) prepare a statement financial pubition as al 31 Dec aol9

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