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Question 2 The following is the trial balance of Cronos, a limited liability company, as at 30 September 2021: DEBIT Inventory as at 1
Question 2 The following is the trial balance of Cronos, a limited liability company, as at 30 September 2021: DEBIT Inventory as at 1 October 2020 Purchases -RM 186,400 CREDIT -RM 1,749,600 Carriage inwards 8,100 Carriage outwards 47,250 Turnover 2,850,000 Trade receivables and Payables 318,000 254,630 Wages and salaries 294,200 Sundry administrative expenses 381,000 Allowance for doubtful debts, as at 1 October 2020 18,200 Bad debts written off during the year 14,680 Office equipment as at 1 October 2020 Cost 214,000 Accumulated depreciation 88,700 Land 838,000 Bank 200,000 Office equipment: additions during year 48,000 Office equipment: proceeds of sale of items during year 14,000 Debenture interest 12,000 Ordinary Share Capital @ RM 1 500,000 8% Debenture Loan Retained earnings as at 1 October 2020 Asset Revaluation Reserves 5% Preference Shares @ RM0.60 Interim Ordinary dividend 68,700 300,000 80,000 150,000 13,000 4,324,230 4,324,230 Additional Information: a) Inventory as at 30 September 2021 amounted to RM 319,600. b)
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