Question:

b. The Statement of Financial Position as at 31st December 2020.

Addit

The following trial balan was extracted from the books Of Flora Trading as at 31st tkember 2020. Particulars Sales Purchases Return outwards Return inwards Discounts Ca rriage expe nSes Duty on purchases Inventory as at I January 2020 Salary expenses rtise ment ex penses General expe nses Stationery Utilities expenses Interest on loan Rental received Commission received Allowance for doubtful debt I January?020 3% loan from Bank Rahmat &counts kcounts receivable Furniture and fittings Motor veh ic Ies Machinery Building kcumulated depreciation as at I January 2020: Motor veh ic Ies Machinery Cash in hand Cash at bank Drawin Capital Insurance expe nses Repairs and maintenance Rental Additional information: 260 DOO 21D00 5550 10 DOO 3300 46D00 21500 6E00 2000 IDOO 12000 23500 60 DOO 95 Doo 60 DOO 83 DOO 21250 30,200 6D00 3500 5500 13E00 792000 334,000 26,500 3,500 12,000 5,000 2,500 nooo N,ooo 22,500 12,000 300,000 792,000 I. Inventory as at December 2020 was valued at RM 22,000.