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The following balances were extracted from Alicia s accounts at 3 1 December 2 0 2 2 . Accounts Debit ( RM ) Credit (

The following balances were extracted from Alicias accounts at 31 December 2022.
Accounts Debit
(RM)
Credit
(RM)
Capital at 1 January 202232,000
Cash drawing 3,325
Plant and machinery at 1 January 2022140,000
Motor vehicle at 1 January 202220,000
Accumulated depreciation for plant and
machinery
14,000
Accumulated depreciation for motor vehicle 4,000
Stock at 1 January 202228,550
Purchases 61,000
Sales 250,000
Accounts receivable 30,163
Accounts payable 28,716
Wages and salaries 18,000
Motor vehicles expenses 4,900
General expenses 4,736
Insurance 2,290
Cash at bank and hand 20,990
Provision for doubtful debts 5,238
333,954333,954
Additional information:
i. Stock as at 31 December 2022 was RM15,735.
ii. Included in cash drawing is a total of RM500 paid by Alicia for businesss
electricity expenses.
iii. Unexpired insurance amounting to RM290.
iv. Accrued wages and salaries amounting to RM290.
v. There was an unpaid account of RM410 for general expenses.
vi. Provision to be made for depreciation at the following rates:
Plant and machinery 10% per annum
Motor vehicles 20% per annum
vii. The provision for doubtful debts is to be reduced to RM4,178.
Required:
Prepare the statement of comprehensive income and statement of financial position
as at 31 December 2022.

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