Mr. Marvin is a merchandising company which has business operations in Ipoh, Perak. The following trial balance has been extracted from the books as at 31 July 2021. Marvin Enterprise Trial Balance as at 31 July 2021 Debit Credit Descriptions RM RM 820,000 365,000 5,300 Purchases and Sales Returns 1,200 Carriage inwards Carriage outwards 3,200 7,200 Rental 4,200 110,000 Salary Advertising Building maintenance Repair of motor vehicle Office expenses 600 150,600 30,200 43,600 Interest on loan 2,400 Bad debt 360 230,000 Building (Cost) Fixtures and fittings Accumulated depreciation as at 1 August 85,200 2020 Building Fixtures and fittings Inventory as at 1 August 2020 Account receivables and Account payables 42,000 13,200 35,000 136,840 60,200 Bank 7,650 Bank loan 10% 80,000 Сapital 192,350 1,213,150 1,213,150 Other information: 1) Closing inventories as at 31 July 2021 was estimated to be worth RM18,900. 2) Included in building maintenance expenses is a building renovation cost RM65,000. 3) Accrued Expenses: Rental RM800, Salary RM3,250. 4) Prepaid Expenses: Advertising RM575.

Mr. Marvin is a merchandising company which has business operations in Ipoh, Perak. The following trial balance has been extracted from the books as at 31 July 2021. Marvin Enterprise Trial Balance as at 31 July 2021 Debit Credit Descriptions RM RM 820,000 365,000 5,300 Purchases and Sales Returns 1,200 Carriage inwards Carriage outwards 3,200 7,200 Rental 4,200 110,000 Salary Advertising Building maintenance Repair of motor vehicle Office expenses 600 150,600 30,200 43,600 Interest on loan 2,400 Bad debt 360 230,000 Building (Cost) Fixtures and fittings Accumulated depreciation as at 1 August 85,200 2020 Building Fixtures and fittings Inventory as at 1 August 2020 Account receivables and Account payables 42,000 13,200 35,000 136,840 60,200 Bank 7,650 Bank loan 10% 80,000 Сapital 192,350 1,213,150 1,213,150 Other information: 1) Closing inventories as at 31 July 2021 was estimated to be worth RM18,900. 2) Included in building maintenance expenses is a building renovation cost RM65,000. 3) Accrued Expenses: Rental RM800, Salary RM3,250. 4) Prepaid Expenses: Advertising RM575.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please answer section d) only
Trying to find answer a through e
What is a double-entry? Give an example?
only answer d now please
Assume a world that meets all assumptions of the portfolio theory. In this world we solely trade in securities A and B like depicted in the graph below. Short selling is allowed. xA and XB indicate the proportions of security A and B within a portfolio respectively. P1, P2, P3 and P4 represent portfolios that can be created by trading (either long and/or short) in securhies A and B. P3 is the portfolio with the lowest risk; the risk of P3 is 0%. The risk of security A and B is measured by the standard deviation of the returns in the particular security and equals 20% for both. The correlation coefficient of the returns between A and B is -1. 40% P1 E(R) A 30% P2 20% P3 10% P4 ++ 30% 0% 10% 20% 40% O(R) Question: Indicate which statements are correct. Take into account that everything is possible, from all correct to all wrong.
Please answer G part with explanation. Answer was incoorect in previous solution
What does the IAS 2 explains?
remain dwlse
Repost the complete question and add sub-parts to be sol
Req1-Req2 were incorrect. Can you try the problem again ?
What is the formula used for the questions without using excel?
G and H are mutually exclusive events. P (G) = 0.5 P (H) = 0.3 P( H | G) = 0.6 Find P (H OR G) Are G and H independent or dependent events? why?