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Question 1 The following trial balance has been extracted from the ledger of Azwin, a sole trader as at 31 May 2019, the end of

image text in transcribed Question 1 The following trial balance has been extracted from the ledger of Azwin, a sole trader as at 31 May 2019, the end of her most recent financial year. The following additional information as at 31 May 2019 is available: i. Inventories as at the close of business were valued at RM25,900. ii. Expenses included under this heading are accrued by RM200. iii. RM140 accrues wages and salaries. Required: a) Prepare a Statement of Profit or Loss for the year ended 31 May 2019. b) Prepare a Statement of Financial Position (Balance Sheet) as at 31 May 2019

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