Question 1 Adiwarna Enterprise is a small grocery business owned by Encik Yusri. It has been existence for almost six years. Its financial year end is 30 June each year. It has been depreciating its motor vehicle and equipment using straight line method. The business owns three motor vehicle and few equipment. In the financial statement, these non-current assets are being recorded at the original price when they were purchased. Preparation of the books of account has been in Ringgit Malaysia (RM). Included in utilities account is water and electricity expenses. This expense is being recorded based on the payment made to the bills that they had received. For the month of June, the business normally received the bills later in July. Following information is taken from the books of account for the year ended 30 June 2020. Cash 63,000 10,000 33,000 Account receivable Accrued 10,000 Prepaid rent paid utilities Inventory 14,000 Capital Motor vehicle 100,000 Accounts payable Equipment Long term loan Required: 1) Construct the trial balance for the accounts listed above. 100,000 40,000 100,000 30,000 (5 marks) 2) Explain briefly any TWO (2) accounting concept adopted in preparing the books of accounts. (4 marks) 3) Based on the above scenario classify any TWO (2) current asset and TWO (2) current liabilities. (4 marks)