Prepare a Statement of Profit or Loss for the year ended 30 September 2021

Encik Naeem owns a grocery shop named Lavender Enterprise which is situated in Melaka. t 30 2. Encik Naeem has taken goods worth RM2,500 and cash RM2,000 for his family use and these are not recorded in the books of Lavender Enterprise. 3. Half of the travelling expense is for Encik Naeem's personal matters. 4. Encik Fairuzz, one of the accounts receivable of Lavender Enterprise has financial difficulties and was unable to settle his debt amounted to RM2,000. Lavender Enterprise decided to write off the debt. Allowance for doubtful debt is to be adjusted at 2% of the net accounts receivable balance. 5 Denreciation is to he nrovided as follows: 6. Loan from bank was taken on 1 October 2020 and part of the interest on loan has not been paid yet. 7. Administration expenses of RM1,500 still unpaid and rental expenses of RM1,100 was paid in advanced. 8. Interest on fixed deposit amounted to RM725 still not received yet