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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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