a)Prepare the statements of profit or loss and other comprehensive income for the year ended 31 october 2019 b) Prepare Statement of financial position(extract) as at 31 October 2019

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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a)Prepare the statements of profit or loss and other comprehensive income for the year ended 31 october 2019 b) Prepare Statement of financial position(extract) as at 31 October 2019
2. The following balances were extracted from the ledger of CTSha Trading as at 31
October 2019.
DEBIT (RM)
12,000
4,800
16,000
CREDIT (RM)
Insurance
Water and electricity
Wages and salaries
Rental income
9,900
Interest income
Prepaid insurance as at 1 Nov 2018
Accrued wages and salaries as at 1 Nov 2018
Accrued rental income as at 1 Nov 2018
6,000
1,500
2,000
1,800
The following adjustment were to be made on 31 October 2019:
a) RM1,800 of wages and salaries was not paid
b) Prepaid insurance amounted to RM1,000
c) RM500 of the interest income was not received
d) RM900 of the rent income was for November 2019
e) Water and electricity bills for RM800 were not paid.
Required:
Prepare the Statement of Profit or Loss and Other Comprehensive Income
(extracts) for the year ended 31 October 2019
ii.
i.
Prepare Statement of Financial Position (extracts) as at 31 October 2019
РОСО
SHOT ON POCO F2 PRO
Mobd Radzi
Transcribed Image Text:2. The following balances were extracted from the ledger of CTSha Trading as at 31 October 2019. DEBIT (RM) 12,000 4,800 16,000 CREDIT (RM) Insurance Water and electricity Wages and salaries Rental income 9,900 Interest income Prepaid insurance as at 1 Nov 2018 Accrued wages and salaries as at 1 Nov 2018 Accrued rental income as at 1 Nov 2018 6,000 1,500 2,000 1,800 The following adjustment were to be made on 31 October 2019: a) RM1,800 of wages and salaries was not paid b) Prepaid insurance amounted to RM1,000 c) RM500 of the interest income was not received d) RM900 of the rent income was for November 2019 e) Water and electricity bills for RM800 were not paid. Required: Prepare the Statement of Profit or Loss and Other Comprehensive Income (extracts) for the year ended 31 October 2019 ii. i. Prepare Statement of Financial Position (extracts) as at 31 October 2019 РОСО SHOT ON POCO F2 PRO Mobd Radzi
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