Puan Alya and her sons are the owners of Gembira Sdn.Bhd. They started their stationery business on 1 January 2023. None of them has accounting background. At the end of the accounting period which is on 31 December 2023, they have difficulties in preparing financial reports for their business. Since you have knowledge in accounting, they seek your help to prepare the reports.

Given below are the particulars of Gembira Sdn. Bhd.

Particulars	Amount (RM)
Building	50,000
Accounts Receivable	20,000
Rent received	2,700
Electricity bill	250
Loan from Bank Islam	60,000
Short term deposit	7,550
Interest on loan	200
Sales	32,000
Accounts Payable	13,500
Cash at bank	28,500
Insurance	1 ,200
Repairs	500

Required:

Based on the scenario above, answer the following questions:

A) State the type of business entity owned by Puan Alya and her sons.

(1 mark)

b) State THREE (3) characteristics of business entity possessed by Gembira Sdn. Bhd.

(3 marks)

c) Calculate the total amount of

i.Assets;

(3 marks)

ii. Expenses.

(2 marks)

iii.Liabilities;

(2 marks)

iv. Revenue

(2 marks)

d) Prepare the trial balance as at 31 December 2023 for the above items.

(12 marks)