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The following is the trial balance of Jackie Chong Trading as at 31 March 2016: Particulars RM RM Inventory in 1 April 2015 Purchases and

The following is the trial balance of Jackie Chong Trading as at 31 March 2016:

Particulars

RM

RM

Inventory in 1 April 2015

Purchases and sales

Carriage outwards

Return outwards

Wages and salaries

Rent paid

Delivery expenses

Discount allowed and received

Insurance

General expenses

Premises

Trade receivables and payables

Furniture and fittings

Cash at bank

Cash in hand

Drawings

Capital

17,600

69,185

1,570

10,240

3,015

624

216

405

318

20,000

14,320

2,850

2,970

675

7,620

______

151,608

91,920

640

88

8,160

50,800

151,608

Inventory as at 31 March 2016 was RM10,700.

Required:

  1. Prepare a Statement of Comprehensive Income of Jackie Chong Trading for the year ended 31 March 2016

(15 marks)

  1. Prepare a Statement of Financial Position of Jackie Chong Trading as at 31 March 2016

(10 marks)

(Total: 25 marks)

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