Question
Prepare the Statement of Profit or Loss and Statement of Financial Position from the Trial Balance below: Accounts Dr (RM) Cr (RM) Capital Aqil 80,000
Prepare the Statement of Profit or Loss and Statement of Financial Position from the Trial Balance below:
Accounts | Dr (RM) | Cr (RM) |
Capital Aqil |
| 80,000 |
Capital Lim |
| 79,000 |
Bank | 192,000 |
|
Computer | 6,000 |
|
Account Payable Fixed Asset |
| 6,000 |
Account Payable - Chong Printing Bhd |
| 10,000 |
Account Payable Ahmad Printers Bhd |
| 5,000 |
Security Deposit | 2,500 |
|
Rental Expense | 1,000 |
|
Purchase | 19,000 |
|
Account Receivable Kenanga Sdn Bhd | 9,000 |
|
Sales |
| 20,000 |
Petty Cash | 2,500 |
|
Sales Return | 1,000 |
|
Salary Expense | 2,500 |
|
Utilities Expense | 500 |
|
Purchase Return |
| 2,000 |
Telephone Expense | 1,000 |
|
Loan |
| 50,000 |
Machinery | 5,000 |
|
Investment | 10,000 |
|
Total | 252,000 | 252,000 |
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