Q9 From the following trial balance of Lim Trading, draw up an Income Statement for the year ended 31 December 2018 and a balance sheet as at that date. Inventory (1.1.2018) Carriage outwards Carriage inwards Returns inwards Returns outwards Purchases Sales Salaries and wages Rent Insurance Motor expenses Office expenses Lighting and heating expenses General expenses Premises Motor vehicles Fixture and fittings Trade receivables Trade payables Cash at bank Drawings Capital Debit (RM) 2,368 200 310 205 11,874 3,862 304 78 664 216 166 314 5,000 1,800 350 3,896 482 1,200 33,289 Dredit (RM 322 18,600 1,731 12,636 33,289
Q9 From the following trial balance of Lim Trading, draw up an Income Statement for the year ended 31 December 2018 and a balance sheet as at that date. Inventory (1.1.2018) Carriage outwards Carriage inwards Returns inwards Returns outwards Purchases Sales Salaries and wages Rent Insurance Motor expenses Office expenses Lighting and heating expenses General expenses Premises Motor vehicles Fixture and fittings Trade receivables Trade payables Cash at bank Drawings Capital Debit (RM) 2,368 200 310 205 11,874 3,862 304 78 664 216 166 314 5,000 1,800 350 3,896 482 1,200 33,289 Dredit (RM 322 18,600 1,731 12,636 33,289
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Q9
From the following trial balance of Lim Trading, draw up an Income Statement for the year
ended 31 December 2018 and a balance sheet as at that date.
Inventory (1.1.2018)
Carriage outwards
Carriage inwards
Returns inwards
Returns outwards
Purchases
Sales
Salaries and wages
Rent
Insurance
Motor expenses
Office expenses
Lighting and heating expenses
General expenses
Premises
Motor vehicles
Fixture and fittings
Trade receivables
Trade payables
Cash at bank
Drawings
Capital
Inventory
Debit (RM)
2,368
200
310
205
11,874
3,862
304
78
664
216
166
314
5,000
1,800
350
3,896
Docombor 2018 was $2 916
482
1,200
33,289
Dredit (RM
322
18,600
1,731
12,636
33,289
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