Question 2 (Ledger & Trial balance) Neathra Fabricare is a major supplier of laundry supplies in the country. Neathra Fabricare provided the following balances on 14 January 2023: Accounts receivable Advertising expense Cash at bank (CR) Furniture & Fittings Office Equipment Purchases Wages and salaries expense Utilities expense Accounts payable Lina, Capital Sales 16 RM 18,000 3,400 15,000 9,900 22,000 2,500 800 RM 7,000 13,000 ? 32,000 The following transactions took place during the remaining days in January 2023: Jan 15 Received cheques totalling RM5,000 from customers on account; RM1,300 received from cash sales were banked. Received an invoice for laundry supplies purchased worth RM10,000 on terms 1/15, n/30. Issued invoices to Soft Laundry, for laundry supplies sold worth RM5,500 on terms 2/10, n/30. Paid RM900 for import duties by cheque. 19 Soft Laundry returned damaged supplies worth RM500; a credit note was issued. Neathra received credit notes from her suppliers for damaged and expired laundry supplies returned worth RM3,000. 25 Soft Laundry paid in full the amount outstanding by cheque. 29 Paid suppliers by cheque in full settlement for purchases made on 15 January. Purchased more laundry supplies worth RM4,500 paying by cheque. 31 Paid salaries by cheque to 5 sales staff RM2,500 each.

Question 2 (Ledger \& Trial balance) Neathra Fabricare is a major supplier of laundry supplies in the country. Neathra Fabricare provided the following balances on 14 January 2023: The following transactions took place during the remaining days in January 2023: You are required to prepare: a. Ledgers to record the above transactions. b. a trial balance as at 31 January 2023 (21 marks) (9 marks) (Total 30 marks) Question 3 (Theory) Define and explain the following terms: i. Going concern assumption (2.5 marks) ii. Faithful representation (2.5 marks) iii. Duality concept (2.5 marks) iv. Separate business entity (2.5marks) (Total 10 marks)