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Mohan Trading Trial Balance as at 31 Dec Debit Credit RM RM 21,950 20,000 60,000 26,000 18,000 Inventories @ 1 Jan Office equipment Motor vehicles Trade receivables Bank 18,500 Trade payables Drawings 14,000 50,000 475,000 Loan Sales 400,000 5,600 Purchases Carriage outward Discount received 3,800 Discount allowed

Mohan Trading Trial Balance as at 31 Dec Debit Credit RM RM 21,950 20,000 60,000 26,000 18,000 Inventories @ 1 Jan Office equipment Motor vehicles Trade receivables Bank 18,500 Trade payables Drawings 14,000 50,000 475,000 Loan Sales 400,000 5,600 Purchases Carriage outward Discount received 3,800 Discount allowed

FINANCIAL ACCOUNTING
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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Transfer all the balances in Trial Balance below to Statement of Financial Position.

Mohan Trading Trial Balance as at 31 Dec Debit Credit RM RM Inventories @ 1 Jan Office equipment Motor vehicles Trade receivables 21,950 20,000 60,000 26,000 Bank 18,000 Trade payables Drawings Loan 18,500 14,000 50,000 475,000 Sales Purchases 400,000 Carriage outward 5,600 Discount received 3,800 Discount allowed 4,000 Salaries 35,000 Саpiial 57,250 604,550 604,550 Additional information: Closing inventory as at 31 Dec amounted to RM10,950.
Transcribed Image Text:Mohan Trading Trial Balance as at 31 Dec Debit Credit RM RM Inventories @ 1 Jan Office equipment Motor vehicles Trade receivables 21,950 20,000 60,000 26,000 Bank 18,000 Trade payables Drawings Loan 18,500 14,000 50,000 475,000 Sales Purchases 400,000 Carriage outward 5,600 Discount received 3,800 Discount allowed 4,000 Salaries 35,000 Саpiial 57,250 604,550 604,550 Additional information: Closing inventory as at 31 Dec amounted to RM10,950.
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