Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 5 The following trial balance was extracted from the books of Peremba Sdn Bhd on 31 December 2019. From it, and the note about
Question 5 The following trial balance was extracted from the books of Peremba Sdn Bhd on 31 December 2019. From it, and the note about stock, prepare his Statement of Comprehensive Income for the year ended 31 December 2019, and a Statement of Financial Position as at that date. RM RM Sales 18,600 Purchases 11,556 Stock 1 Jan 2019 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 2019 was RM4,998
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started