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The following information relates to ABC Ltd. for the year ending 30, September 2019 Particulars Stock Trial Balance (As on 31st September 2019) Dr. (RM.)

  1. The following information relates to ABC Ltd. for the year ending 30, September 2019image text in transcribedimage text in transcribed

Particulars Stock Trial Balance (As on 31st September 2019) Dr. (RM.) 6,80,000 Cr. (RM.) Furniture and fixture 5,00,000 Discount allowed 40,000 Loan to directors 80,000 Bad debts 35,000 Advertisement 20,000 Purchases 23,19,000 Commission 1,20,000 Plant and machinery 8,60,000 Rent 25,000 Current account with bank 45,000 Cash in hand 8,000 Interest on bank loan 1,16,000 Preliminary expenses 10,000 Wages 9,00,000 Consumables 84,000 Freehold land 15,46,000 Tools and equipment 2,45,000 Goodwill 2,65,000 Debtors 2,87,000 Bills receivable 1,53,000 Dealer aids 21,000 Insurance premium (Marine) 30,000 Trade expenses 72,000 Distribution freight 54,000 Debenture interest 20,000 Equity Capital (Shares of RM. 10 each) 25,00,000 11% Debentures 5,00,000 Bank loan 6,45,000 Bills payable 1,25,000 Creditors 1,56,000 Sales 42,68,000 Rent received 46,000 Transfer fees 10,000 Profit & loss account 1,39,000 Accumulated depreciationmachinery 1,46,000 Total 85,35,000 85,35,000 The Closing Stock valued as on 31, September 2019 is RM. 8, 23,000. From the information, prepare the following financial statements of ABC Ltd. for the year ending 30, September 2019. a. Statement of Comprehensive Income for the year ended September 30, 2019. b. Statement of Financial Position as at September 30, 2019

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