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The following list of balances was extracted from the books of Kemuning Enterprise as at 30th June 2018: Additional information: (i) During the year, the
The following list of balances was extracted from the books of Kemuning Enterprise as at 30th June 2018: Additional information: (i) During the year, the owner took goods worth RM900 for his personal use. This was not recorded in the books. (ii) Depreciation was provided on the straight line method: (iii) The allowance for doubtful debts is to be increased to RM1,400. (iv) Accrued and prepaid expenses are as followed: (v) Closing inventory as at 30th June 2018 was RM12,600. Required to prepare: (a) Statement of Profit and Loss and Other Comprehensive Income for Kemuning Enterprise for the year ended 30th June 2018. (10 marks) (b) Statement of Financial Position as at 30th June 2018. (10 marks)
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