1. Below is a trial balance of Ali Mamat Enterprise, extracted after one year's trading. Ali Mamat Enterprise Trial Balance as at 31 December 2019 Debit (RM) Credit (RM) 190,576 Particulars Sales Purchases Salaries Motor expenses 119,832 56,527 2,416 1,894 372 85 95,420 16,594 26,740 Rent Insurance General expenses Premises Motor vehicles Account receivables Account payable Cash at bank |Cash in hand Drawings Capital 16,524 16,519 342 8,425 TOTAL 138,066 345.166 345.166 Required: i. Statement of Profit or Loss and Others Comprehensive Income for the year ended 31 December 2019. ii. Statement of Financial Position as at 31 December 2019.

1. Below is a trial balance of Ali Mamat Enterprise, extracted after one year's trading. Ali Mamat Enterprise Trial Balance as at 31 December 2019 Debit (RM) Credit (RM) 190,576 Particulars Sales Purchases Salaries Motor expenses 119,832 56,527 2,416 1,894 372 85 95,420 16,594 26,740 Rent Insurance General expenses Premises Motor vehicles Account receivables Account payable Cash at bank |Cash in hand Drawings Capital 16,524 16,519 342 8,425 TOTAL 138,066 345.166 345.166 Required: i. Statement of Profit or Loss and Others Comprehensive Income for the year ended 31 December 2019. ii. Statement of Financial Position as at 31 December 2019.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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