QUESTION 2 130 marks) 4. Depreciation expenses are as follows: motor vehicles of RM10,420; fixtures and fittings of RM1,020. Armin Trading, a sole trader, extracted the following trial balance from his books upon closing the business's accounts on 31 December 2020. Required: RM RM 84,490 (a) Identify TWO (2) examples of service companies in Malaysia. [2 marks] Sales Purchases Stock 1 January 2020 Discount allowed and discount received outwards inwards Batur Return outwards Salaries and wages 45,720 10,320 2,880 2,400 1,920 1,860 (b) Return inwards 1,620 State FIVE (5) primary accounting principles that have been used in financial accounting [5 marks] 1,140 Motor expenses 17,880 550 3,480 900 104,200 (c) Prepare the Statement of Profit or Loss for the year ended 31 December 2020. [13 marks] 20,840 10,200 (d) Prepare the Statement of Financial Position as at 31 December 2020. 1,020 23,800 [10 marks] Insurance Rent Motor vehicles Provision for depreciation on motor vehicles Fixtures and fittings Provision for depreciation on fixtures and fittings Debtors Loan Bad debts D C Creditors Bank overdraft Cash in hand Drawings Capital 1,320 960 12,120 8,700 180 5,760 101,280 232,770 232,770 -END OF QUESTION PAPER- ANZ Additional information: 1. Stock as at 31 December 2020 was RM8,400. 2. Wages and salaries accrued by RM1,600 and motor expenses owing of RM150 as at 31 December 2020. 3. On 31 December 2020, insurance prepaid amounted to RM1,740 and RM200 of rental were paid in advance