Question
QUESTION 1 The following Trial Balance was obtained from PERNIAGAAN HARIANA as at 31 December 2019. Perniagaan Hariana Trial Balance as at 31 Disember 2019
QUESTION 1
The following Trial Balance was obtained from PERNIAGAAN HARIANA as at 31 December 2019.
Perniagaan Hariana Trial Balance as at 31 Disember 2019
| ITEMS | Debit | Credit |
| RM | RM | |
| Bank | 16,800 |
|
| Belian (Purchases) | 29,000 |
|
| Jualan (Sales) |
| 65,000 |
| Inventori pada 1 Januari 2019 (Inventory) | 7,600 |
|
| Pulangan belin (Purchase return) |
| 450 |
| Pulangan jualan (Sales Return) | 430 |
|
| Angkutan masuk (Freight Inwards) | 620 |
|
| Diskaun diberi (Discount Allowed) | 180 |
|
| Diskaun diterima (Discount Received) |
| 160 |
| Komisen diterima (Commission Received) |
| 900 |
| Akaun Belum Terima (Accounts Receivable) | 4,500 |
|
| Akaun Belum Bayar (Accounts Payable) Hutang lapuk (Bad Debts) |
100 | 2,800 |
| Peruntukan hutang ragu (Allowance for Doubtful Debt) |
| 480 |
| lnsurans (Insurance) | 2,400 |
|
| Emolumen (Emoluments) | 10,000 |
|
| Promosi (Promotion) | 1,200 |
|
| Kadar bayaran (Pay Rate) | 1,800 |
|
| Alat tulis (Stationeries) | 250 |
|
| Pinjaman (8%) (Loan) |
| 20,000 |
| Ambilan (Withdrawal) | 600 |
|
| Faedah atas pinjaman (Interest on loans) | 1,200 |
|
| Kenderaan (Vehicle) | 30,000 |
|
| Susut nilai terkumpul kenderaan (Accumulated depreciation of the vehicle) |
| 3,000 |
| Alatan pejabat (Office Equipment) | 4,000 |
|
| Susut nilai terkumpul alatan pejabat (Accumulated depreciation of office equipment) |
| 400 |
| Sewa (Rental) | 5,600 |
|
| Modal pada 1 Januari 2019 (Capital) |
| 23,090 |
|
| 116,280 | 116,280 |
Additional Info:
1. Inventory on 31 December 2019 is RM6,400.
2. A customer ran away and his debt of RM300 was written off.
3. Allowance for doubtful debts adjusted to 2% on net Accounts Receivable.
4. Vehicles are depreciated by 20% per year on cost.
5. Office equipment is depreciated by 10% per year according to the diminishing balance method.
6. The insurance paid is for a year starting on May 1, 2019.
7. The emoluments that have not yet been paid to the employees is RM630.
8. The owner takes merchandise worth RM600 every month for his own use. This matter is not recorded in any book.
9. The commission that has not yet been received is RM160.
Required:
a) A Statement of Comprehensive Income Statement of Perniagaan Hariana for the year ending 31 December 2019.
b) A Statement of Financial Position Statement on 31 December 2019.
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Introduction To Business Statistics
Authors: Ronald M. Weiers
7th Edition
978-0538452175, 538452196, 053845217X, 2900538452198, 978-1111524081
