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The second picture is the continuation of question details that is in the first picture The following is the trial balance extracted from the books
The second picture is the continuation of question details that is in the first picture
The following is the trial balance extracted from the books of Perniagaan Kembangan as at 30 Allowance for Doubtful Debts (1 January 2018) June 2019: Debit (RM) 660 Credit (RM) 800 Return Inwards Return Outwards Carriage Outwards Drawings 2,500 4,400 1,700 Bad Debts Insurance Carriage Inwards 2,300 1,720 1,500 2,400 1,480 1,200 1,160 11,000 1,200 3,180 1,600 23,000 22,500 28,000 30,000 Commission received Discounts allowed Discounts received Motor expenses Salaries Advertising Utilities Duty on Purchases Accounts Receivable Accounts Payable Bank 8% Loan from Bank Rakyat Inventory (1 January 2018) Purchases Sales Machinery Motor Vehicle Accumulated Depreciation: Machinery Motor Vehicle Capital 8,250 59,000 124,260 65,000 48,000 19,200 9,600 52,290 263,950 263,950 Additional information: Insurance amounting to RM220 has been paid in advance. The business has the following outstanding expenses at the end of the year: Carriage inwards RM560 Salaries RM700 lil The loan from Bank Rakyat was obtained on 1 Julai 2018. Interest on loan was stil at the year end iv. The inventory as at 30 June 2019 was valued at RM11,200. Required: a) Prepare the Statement of Profit or loss for the year ended 30 June 2019. b) Prepare the Statement of Financial Position as at 30 June 2019. Calculate to the nearest RMStep by Step Solution
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