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Real Sdn 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 14,000 20,000 6,000 2,000 To compute 28,000 78,000 Bal b/d Cash Sales Receipt from debtors Bal c/d 78,000 Other information: 31 December 2020 31 December 2021 Debtors 9,000 14,400 10,000 40,000 3,000 12,000 6,800 16,000 40,000 3,000 1,400 1,700 Creditors Inventory of Materials Office Equipment Furniture Discount allowed Discount received

Real Sdn 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 14,000 20,000 6,000 2,000 To compute 28,000 78,000 Bal b/d Cash Sales Receipt from debtors Bal c/d 78,000 Other information: 31 December 2020 31 December 2021 Debtors 9,000 14,400 10,000 40,000 3,000 12,000 6,800 16,000 40,000 3,000 1,400 1,700 Creditors Inventory of Materials Office Equipment Furniture Discount allowed Discount received

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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Please answer i, ii, iii. Thanks

Real Sdn 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 14,000 20,000 6,000 2,000 To compute 28,000 78,000 Bal b/d Cash Sales Receipt from debtors 78,000 Other information: 31 December 2020 31 December 2021 Debtors 9,000 14,400 10,000 40,000 3,000 12,000 6,800 16,000 40,000 3,000 1,400 1,700 Creditors Inventory of Materials Office Equipment Furniture Discount allowed Discount received Required to show the following ledgers: i. Debtor's account ii. Creditor's account 1ii. Sales account iv. Purchases account V. Bank account vi. Depreciation account vii. Statement of Profit or Loss for the year ended 31 Dec 2021 vii. Statement of Affairs as at 31 Dec 2021 s|
Transcribed Image Text:Real Sdn 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 14,000 20,000 6,000 2,000 To compute 28,000 78,000 Bal b/d Cash Sales Receipt from debtors 78,000 Other information: 31 December 2020 31 December 2021 Debtors 9,000 14,400 10,000 40,000 3,000 12,000 6,800 16,000 40,000 3,000 1,400 1,700 Creditors Inventory of Materials Office Equipment Furniture Discount allowed Discount received Required to show the following ledgers: i. Debtor's account ii. Creditor's account 1ii. Sales account iv. Purchases account V. Bank account vi. Depreciation account vii. Statement of Profit or Loss for the year ended 31 Dec 2021 vii. Statement of Affairs as at 31 Dec 2021 s|
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