REQUIRED : STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DEC 20x4

and

STATEMENT OF FINANCIAL POSITION AS AT 31 DEC 20x4

pls use format i give

QUESTION 5 The following trial balance was extracted from SofPCA Prepaid ... 31 December 20x4. The following adfustments need to be considered: 1. Stock as at 31 Decenber 20w was valued at RM5,400. 2. The interest on loan from Bank Rakyat has not been taken into account. 3. Rent feceived of RM400 is for January 205. 4. RM600 of the insurance is prepaid. 5. RM250 of electricity, water and telephone has not been paid for the current year. 6. Additional bod debt of RM220 is to be written off. 7. The provision for doubtful debt is to be adjusted to 5% of outstanding debtors. 8. Depreciation is provided using the following rates and methods: Oifice equipment 20% per annum Reducing balance Delivery van 15% per annum Straight line Fixtures and fittings 10% per annum Straight line You are required to prepare: a) Statement of Profit or Loss for the year ended 31 December 2Dx4 b) Statement of Financial Position as at 31 December 20x4 SOLE PROPRIETOR/COMPANY'S NAME Firure 43 : 5enple format of Shidement of Financhal Pesition F HROUAITTOI// COMPANY'S NAME