i) staement of profit and loss and other comprehensive income for the year ended 31 december 2019ii) statement of financial position as 31 december 2019 3. The following is extracted trial balance of Bibi Florist, drawn up on conclusion ofher first year in business.Bibi FloristTrial Balance as at 31 December 2019Debit (RM) Credit (RM)305ParticularsGeneral expensesBusiness ratesMotor expensesSalariesInsurancePurchasesSalesCarAccount payableAccounts receivablePremisesCash at bankCash in handCapitalDrawings2,40091039,5601,240121,040235,8124,30011,20021,08053,0002,71532523,263TOTAL23,400270.275270,275Inventory at 31 December 2019 was RM14,486.

Income statement is a part of financial statement which is prepared by the company to know about the…

3. The following is extracted trial balance of Bibi Florist, drawn up on conclusion of her first year in business. Bibi Florist Trial Balance as at 31 December 2019 Debit (RM) Credit (RM) 305 2,400 910 Particulars General expenses Business rates Motor expenses Salaries Insurance Purchases Sales Car Account payable Accounts receivable Premises Cash at bank Cash in hand Capital Drawings 39,560 1,240 121,040 235,812 4,300 11,200 21,080 53,000 2,715 325 23,263 23,400 270.275 ТОTAL 270,275

3. The following is extracted trial balance of Bibi Florist, drawn up on conclusion of her first year in business. Bibi Florist Trial Balance as at 31 December 2019 Debit (RM) Credit (RM) 305 2,400 910 Particulars General expenses Business rates Motor expenses Salaries Insurance Purchases Sales Car Account payable Accounts receivable Premises Cash at bank Cash in hand Capital Drawings 39,560 1,240 121,040 235,812 4,300 11,200 21,080 53,000 2,715 325 23,263 23,400 270.275 ТОTAL 270,275

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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