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Question 5 The following trial balance was extracted from the books of Textile Sdn Bhd on 31 December 2020. From it, and the note about
Question 5 The following trial balance was extracted from the books of Textile Sdn Bhd on 31 December 2020. From it, and the note about stock, prepare his Statement of Comprehensive Income for the year ended 31 December 2020, and a Statement of Financial Position as at that date. RM RM Sales 18,600 Purchases 11,556 Stock 1 Jan 2020 3,776 Carriage outwards 326 Carriage inwards 234 Return inwards 440 Return outwards 355 Salaries and wages 2,447 Motor expenses 664 Discount allowed 526 Discount received 862 Rent 576 Sundry expenses 1,208 Motor vehicles 3,270 Fixtures and fittings 1,806 Debtors 4,577 Creditors 3,045 Cash at bank 870 Cash in hand 3,120 Drawings 2,050 Capital 12,844 36,576 36,576 Stock at 31 December 2020 was RM4,998
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