4. The trial balance below was extracted from the books of CiciCaca Enterprise as at 31 Mac 2020: Particulars Debit Credit RM RM Purchases and Sales Plant and machinery Vehicles Land and building Accumulated depreciation: Plant and machinery Vehicles Discount allowed and discount received 377,000 432,000 102,000 625,000 950,000 175,000 39.000 760 1,500 44,000 4,700 5,500 15,400 3,600 Returns inwards and returns outwards Carriage inwards 12,200 Carriage outwards Custom duties Drawings Provision for doubtful debts 2,000 Salaries and wages Electricity and water Rent and rates 300,000 65,000 4,000 55,000 Insurance Mortgage on land and building Repairs and maintenance Commission earned 450,000 6,300 95,000 Accounts receivables 187,000 Account payable Inventory - 1 April 2019 Cash at bank Сapital 166,500 51,000 41,100 429,640 TOTAL 2.320.100 2.320.100 The following additional information is to be taken into consideration: Increase in provision for doubtful debts to RM3,610 ii. Depreciation for the year: a. Plant and machinery b. Vehicles iii. Accrued expenses: i. RM25,700 RM15,300 a. Rent and rates b. Electricity and water iv. Expenses paid in advance: a. Salaries and wages RM1,000 RM4,800 RM4,500 b. Insurance RM5,000 V. Inventory on 31 Mac 2020 was RM42,800. Required: Prepare the Statement Profit er L DEs and Other Comprehensive Income for the year ended 31 Mac 2020. b) a) Fiters Prepare the Statement of Financial Position as at 31 Mac 2020.
4. The trial balance below was extracted from the books of CiciCaca Enterprise as at 31 Mac 2020: Particulars Debit Credit RM RM Purchases and Sales Plant and machinery Vehicles Land and building Accumulated depreciation: Plant and machinery Vehicles Discount allowed and discount received 377,000 432,000 102,000 625,000 950,000 175,000 39.000 760 1,500 44,000 4,700 5,500 15,400 3,600 Returns inwards and returns outwards Carriage inwards 12,200 Carriage outwards Custom duties Drawings Provision for doubtful debts 2,000 Salaries and wages Electricity and water Rent and rates 300,000 65,000 4,000 55,000 Insurance Mortgage on land and building Repairs and maintenance Commission earned 450,000 6,300 95,000 Accounts receivables 187,000 Account payable Inventory - 1 April 2019 Cash at bank Сapital 166,500 51,000 41,100 429,640 TOTAL 2.320.100 2.320.100 The following additional information is to be taken into consideration: Increase in provision for doubtful debts to RM3,610 ii. Depreciation for the year: a. Plant and machinery b. Vehicles iii. Accrued expenses: i. RM25,700 RM15,300 a. Rent and rates b. Electricity and water iv. Expenses paid in advance: a. Salaries and wages RM1,000 RM4,800 RM4,500 b. Insurance RM5,000 V. Inventory on 31 Mac 2020 was RM42,800. Required: Prepare the Statement Profit er L DEs and Other Comprehensive Income for the year ended 31 Mac 2020. b) a) Fiters Prepare the Statement of Financial Position as at 31 Mac 2020.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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chapter: adjustment financial statements
Transcribed Image Text:4. The trial balance below was extracted from the books of CiciCaca Enterprise as at 31
Mac 2020:
Particulars
Debit
Credit
RM
RM
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
377,000
432,000
102,000
625,000
950,000
175,000
39.000
760
12,200
1,500
44,000
4,700
5.500
15,400
3,600
Drawings
Provision for doubtful debts
Salaries and wages
Electricity and water
Rent and rates
2,000
300,000
65,000
4.000
55,000
Insurance
Mortgage on land and building
Repairs and maintenance
Commission earned
450,000
6,300
95,000
Accounts receivables
187,000
Account payable
Inventory - 1 April 2019
Cash at bank
166,500
51,000
41,100
Capital
429,640
TOTAL
2.320.100 2.320.100
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
b. Insurance
RM5,000
v. Inventory on 31 Mac 2020 was RM42,800.
Required:
a)
Prepare the Statement Profit er L Drs and Other Comprehensive Income for the
year ended 31 Mac 2020. Filters
b)
Prepare the Statement of Financial Position as at 31 Mac 2020.
Add a caption.
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