Please answer iv,v and vi. Thanks Real Sdn Bhd did not keep his books of accounts under double entry system. Depreciation onNon-current asset is given at 10% using straight line method.BankRMRM8,000 Cash Purchases40,000 Creditors30,000 Sundry expensesCartageDrawingsBal c/d14,00020,0006,0002,000To compute28,00078,000Bal b/dCash SalesReceipt from debtors78,000Other information:31 December 202031 December 2021Debtors9,00014,40010,00040,0003,00012,0006,80016,00040,0003,0001,4001,700CreditorsInventory of MaterialsOffice EquipmentFurnitureDiscount allowedDiscount receivedRequired to show the following ledgers:i.Debtor's accountii.Creditor's account1ii.Sales accountiv.Purchases accountV.Bank accountvi.Depreciation accountvii.Statement of Profit or Loss for the year ended 31 Dec 2021vii.Statement of Affairs as at 31 Dec 2021s|

The question is related to Ledger of Purchase, Bank and Depreciation Account for the year ended…

Real Şdn Bhd did not keep his books of accounts under double entry system. Depreciation on Non-current asset is given at 10% using straight line method. Bank RM RM 8,000 Cash Purchases 40,000 Creditors 30,000 Sundry expenses Cartage Drawings Bal c/d Bal b/d Cash Sales 14,000 20,000 6,000 2,000 To compute 28,000 78,000 Receipt from debtors 78,000 Other information: 31 December 2020 31 December 2021 9,000 14,400 10,000 40,000 3,000 12,000 6,800 16,000 40,000 3,000 Debtors Creditors Inventory of Materials Office Equipment Furniture Discount allowed 1,400 1,700 Discount received Required to show the following ledgers: i Debtor's account ii. Creditor's account 111. Sales account iv. Purchases account V. Bank account vi Depreciation account vii. Statement of Profit or Loss for the year ended 31 Dec 2021

Real Şdn Bhd did not keep his books of accounts under double entry system. Depreciation on Non-current asset is given at 10% using straight line method. Bank RM RM 8,000 Cash Purchases 40,000 Creditors 30,000 Sundry expenses Cartage Drawings Bal c/d Bal b/d Cash Sales 14,000 20,000 6,000 2,000 To compute 28,000 78,000 Receipt from debtors 78,000 Other information: 31 December 2020 31 December 2021 9,000 14,400 10,000 40,000 3,000 12,000 6,800 16,000 40,000 3,000 Debtors Creditors Inventory of Materials Office Equipment Furniture Discount allowed 1,400 1,700 Discount received Required to show the following ledgers: i Debtor's account ii. Creditor's account 111. Sales account iv. Purchases account V. Bank account vi Depreciation account vii. Statement of Profit or Loss for the year ended 31 Dec 2021

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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