4. The trial balance below was extracted from the books of CiciCaca Enterprise as at 31 Mac 2020: Debit Credit RM 950,000 Particulars RM 377,000 432,000 102,000 625,000 Purchases and Sales Plant and machinery Vehicles Land and building Accumulated depreciation: Plant and machinery Vehicles Discount allowed and discount received Returns inwards and returns outwards |Carriage inwards |Carriage outwards Custom duties Drawings Provision for doubtful debts Salaries and wages Electricity and water Rent and rates Insurance Mortgage on land and building Repairs and maintenance Commission earned Accounts receivables Account payable Inventory – 1 April 2019 Cash at bank Capital 175,000 39,000 760 12,200 1,500 44,000 4,700 5,500 15,400 3,600 2,000 300,000 65,000 4,000 55,000 450,000 6,300 95,000 187,000 166,500 51,000 41,100 429,640 |2,320,100 2,320,100 ТOTAL The following additional information is to be taken into consideration: i. Increase in provision for doubtful debts to RM3,610 ii. Depreciation for the year: a. Plant and machinery b. Vehicles iii. Accrued expenses: RM25,700 RM15,300 a. Rent and rates RM1,000 b. Electricity and water iv. Expenses paid in advance: a. Salaries and wages RM4,800 RM4,500

4. The trial balance below was extracted from the books of CiciCaca Enterprise as at 31 Mac 2020: Debit Credit RM 950,000 Particulars RM 377,000 432,000 102,000 625,000 Purchases and Sales Plant and machinery Vehicles Land and building Accumulated depreciation: Plant and machinery Vehicles Discount allowed and discount received Returns inwards and returns outwards |Carriage inwards |Carriage outwards Custom duties Drawings Provision for doubtful debts Salaries and wages Electricity and water Rent and rates Insurance Mortgage on land and building Repairs and maintenance Commission earned Accounts receivables Account payable Inventory – 1 April 2019 Cash at bank Capital 175,000 39,000 760 12,200 1,500 44,000 4,700 5,500 15,400 3,600 2,000 300,000 65,000 4,000 55,000 450,000 6,300 95,000 187,000 166,500 51,000 41,100 429,640 |2,320,100 2,320,100 ТOTAL The following additional information is to be taken into consideration: i. Increase in provision for doubtful debts to RM3,610 ii. Depreciation for the year: a. Plant and machinery b. Vehicles iii. Accrued expenses: RM25,700 RM15,300 a. Rent and rates RM1,000 b. Electricity and water iv. Expenses paid in advance: a. Salaries and wages RM4,800 RM4,500

Name: b. Insurancev. Inventory on 31 Mac 2020 was RM42,800.RM5,000Required:
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Description: b. Insurancev. Inventory on 31 Mac 2020 was RM42,800.RM5,000Required:a) Prepare the Statement Profit or Loss and Other Comprehensive Income for theyear ended 31 Mac 2020.b) Prepare the Statement of Financial Position as at 31 Mac 2020. 4. The trial

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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