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QUESTION 1 The following is the Trial Balance extracted from the books of Additional information that need to be considered: Nilam Utama Sdn. Bhd. for the year ended 29 February 2020: 1 . The owner had taken goods worth RM2,400 and cash amounting to RM500 to be given to Rumah Kasih PARTICULAR DEBIT (RM) CREDIT (RM) Raudhah as his personal donation. Rental revenues 62,800 2. The storekeeper had recorded stock as at 29 February Interest revenues 23,800 2020 were RM38,200. Dividend received 14, 100 Sales 390,700 3. Accruals at 29 February 2020: Purchases 410,200 Return Outwards 25,500 Rent expenses RM1,700 Utility expenses RM1,400 Return Inwards 20,200 |Duty on purchases Interest revenues ,80 RM3,200 Rent expenses 14,700 Discount Allowed 9,700 4. Prepayments at 29 February 2020: Carriage Inwards 13,600 Utility expenses 3,90 Salary expenses RM2,400 Dividend received RM4,000 Salary expenses 8,800 Motor expenses 13, 100 5 . Depreciation for the current year are as follows: Drawings 7,400 Cash 5,500 RM18, 100 7,600 Building Bank RM11.500 Stock as at 1 March 2019 Motor Vehicles 26,500 Office Equipment RM10,200 Account Receivables 30,200 and 140,900 Building 310,500 Motor Vehicles $20,400 Office Equipment 85,500 Required: Accumulated Depreciation for Building 6,600 Accumulated Depreciation for Motor Vehicles 14,200 a. Prepare a Statement of Profit or Loss for the year Accumulated Depreciation for Office Equipment 6,500 ended 29 February 2020. Account Payables 25,800 (16 marks) Short-Term Loan 35,000 Long-Term Loan 90,000 b. Prepare a Statement of Financial Position as at 29 Debenture 39,500 February 2020. Capita $50,000 (20 marks) 1,984,500 1,984,500 C. State FOUR (4) examples of Current Liabilities. 4 marks) (Total: 40 marks)