QUESTION 1 The following balances were taken from the book of Langkasuka Sdn Bhd at 31 May 2020. DEBIT (RM) CREDIT (RM) Land & Buildings 245,000 Motor vehicles at cost 56,000 Fixtures & Fittings at cost 35,000 Accumulated Depreciation Motor vehicles 2,450 Fixtures and Fittings 17,100 Trade Receivable Provision for doubtful debt Inventory Bank overdraft 159,810 2,400 20,280 17,750 Cash in hand Trade payable 370 31,272 10% Debenture Ordinary share fully paid 26,000 135,250 8% Preference shares fully paid 90,000 General reserves Retained earnings 70,000 47,845 468,570 Sales Purchases COMMERCE DEPARTMENT 268,464 nba/jp/ppd/2 2021/2022 Advertising Bad debts 10,500 587 General expenses Distribution expenses 2,030 15,103 Debenture interest 1,300 Directors' remuneration 33,600