The Trial Balance of Wisdom Sdn Bhd at 31 December 2018 is as follows:

Additional information:

i. Inventory as at 31 December 2018 were valued at RM3,500.

ii. Accrued expenses and revenues during the year were as follows:

Salaries expenses RM100

Interest received RM400

iii. Prepaid expenses and revenues during the year were as follows: Rent and rates RM200 Commission Received RM50 CONFIDENTIAL Business Accounting (BAA81014) April 2019 Final Examination

iv. Depreciation are to be provided as follows:

Motor Vehicles 20% on cost

Equipment 10% on cost.

Premises 15% on cost.

v. A doubtful debts provision of 3% of account receivables was created on 31 December.