Required : 1. Prepare Creditors control accounts and find the total purchases. (3 marks) 2. Prepare Debtors control accounts and find the total sales.(4 marks) 3. Prepare Statement of Profit and Loss for the year ended 31 December 2019.

Anas Enterprise has kept records of her business transactions in a single entry form. A summary of her bank account for the year ended 31 December 2019 is as follows: Receipts RM Payments RM Receipts from debtors 89,600 Payment to creditors 57,550 Sales 10,450 Purchases 5,200 Salaries 3,000 Machinery 5,000 Admin expenses 700 The following information is also available: 31 December 2018 (RM) Debtors 35,000 Creditors 21,400 Inventories 3,000 Accrued salaries 350 Prepaid admin expenses 100 Machinery 13,700 31 December 2019 (RM) 39,500 18,900 5,300 570 50 14,700 The business had received a discount of RM700 from creditors and had allowed a discount to its debtors RM450 for the year. A bad debt of 500 had provided during the year. On 31 December 2019, Anas Enterprise had incurred carriage inwards and carriage outwards RM400 and RM1000 respectively in carrying out her business