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QUESTION 2 (TOPIC 7) Additional information: 1. Stock on 31 December 2022 is RM 8,240. 2. Accrued expenses: water and electricity RM 220 and general

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QUESTION 2 (TOPIC 7) Additional information: 1. Stock on 31 December 2022 is RM 8,240. 2. Accrued expenses: water and electricity RM 220 and general expenses RM30 3. Rental that has paid for year 2023 is RM 800. 4. Commission for 2022 has not been received yet is RM460. 5. Vehicle is depreciated at a rate of 10% per annum on cost. 6. Provision of doubtful debts is 5% on debtors balance. Prepare: a) Income statement for the year ended 31 December 2022. b) Statement of Financial Position as at the date. QUESTION 2 (TOPIC 7) Additional information: 1. Stock on 31 December 2022 is RM 8,240. 2. Accrued expenses: water and electricity RM 220 and general expenses RM30 3. Rental that has paid for year 2023 is RM 800. 4. Commission for 2022 has not been received yet is RM460. 5. Vehicle is depreciated at a rate of 10% per annum on cost. 6. Provision of doubtful debts is 5% on debtors balance. Prepare: a) Income statement for the year ended 31 December 2022. b) Statement of Financial Position as at the date

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