QUESTION 1 The following is the Trial Balance extracted from the books of Nilam Utama Sdn. Bhd. for the year ended 29 February 2020: Additional information that need to be considered: 1. PARTICULAR DEBIT (RM CREDIT (RM) 2. 62,800 23.800 14 100 890,700 3. 410.200 25,500 Rental revenues Interest revenues Dividend received Sales Purchases Return Outwards Return inwards Duty on purchases Rent expenses Discount Allowed Carriage Inwards Usity expenses Salary expenses Motor expenses Drawings Cash Bank Stock as at 1 March 2019 Account Receivables Land Buiding Motor Vehicles Office Equipment Accumulated Depreciation for Building Accumulated Depreciation for Motor Vehicles Accumulated Depreciation for Ofice Equipment Account Payables Short-Term Loan Long-Term Loan Debenture 5. The owner had taken goods worth RM2,400 and cash amounting to RM500 to be given to Rumah Kasih Raudhah as his personal donation The storekeeper had recorded stock as at 29 February 2020 were RM38,200 Accruals at 29 February 2020 Rent expenses RM1,700 Utility expenses RM1,400 Interest revenues RM3,200 Prepayments at 29 February 2020: Salary expenses RM2.400 Dividend received RM4,000 Depreciation for the current year are as follows: Building RM18, 100 Motor Vehicles RM11,500 Office Equipment RM10.200 20 200 5.800 14.700 9,700 13.600 3.800 28.800 131100 7,400 45.500 97,500 26.500 30.200 440,000 310.500 320,400 185,500 Required: 66.600 44.200 16.500 25 800 35.000 90.000 139,500 550.000 1.984,500 a. Prepare a Statement of Profit or Loss for the year ended 29 February 2020 (16 marks) b. Prepare a statement of Financial Position as at 29 February 2020 (20 marks) c. State FOUR (4) examples of Current Liabilities. (4 marks) (Total: 40 marks) Capital 1,984,500