Question
Sales 46,828 Purchases 32,222 Capital 80,000 Debtors 12,038 Creditors 11,290 Bank 7,530 Cash in hand 258 Premises 54,000 Fixtures and fittings 15,000 Equipment 8,000 Wages
| Sales |
| 46,828 |
| Purchases | 32,222 | |
| Capital | 80,000 | |
| Debtors | 12,038 | |
| Creditors | 11,290 | |
| Bank | 7,530 | |
| Cash in hand | 258 | |
| Premises | 54,000 | |
| Fixtures and fittings | 15,000 | |
| Equipment | 8,000 | |
| Wages | 3,800 | |
| Motor vehicles | 558 | |
| Drawings | 2,800 |
|
| Sundries | 912 |
|
| Rent | 1000 |
|
|
|
|
|
| 138,118 | 138,118 |
Additional information:
- Closing inventory at 31 December 2020 amounted RM8,688
You are required to prepare:
- Statement of Profit of Loss for the year ended 31 December 2020.
- Statement of Finanacial Position as at 31 December 2020.
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Acct 1100 Financial Accounting 1 25 Edition
Authors: Carl S. Warren ,James M. Reeve ,Jonathan E. Duchac
1st Edition
1285558839, 978-1285558837
