REQUIREDa) Prepare the Statement of Profit Loss and Comprehensive Income for the year ended31* Aug 20X9b) Prepare the Financial Position as at 31 Aug 20X9 QUESTION 2The following is the trial balance as at 31 August 20x9 of Mekar Wangi,a florist shop.Debit (RM)Credit (RM)CapitalCash in bank380,00093,000Cash in hand47,000Inventory (1 September20x8)Accounts receivable and56,00090,00070,000accounts payableBuildingEquipment171,00098,000Purchases and sales255,600500,000Returns inward and Return7,40012,000OutwardSalaries26,000Water and electricityGeneral expenses44,00050,000Insurance10,000Interest on loan14,000962.000962.000Inventory as at 31 August 20x9 was RM65,000

Statement of financial position is in the specified tabular format in which the company's assets and…

Answered: REQUIRED a) Prepare the Statement of…

REQUIRED a) Prepare the Statement of Profit Loss and Comprehensive Income for the year ended 31* Aug 20X9 b) Prepare the Financial Position as at 31 Aug 20X9

Principles of Accounting Volume 1

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Chapter7: Accounting Information Systems

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Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...

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REQUIRED
a) Prepare the Statement of Profit Loss and Comprehensive Income for the year ended
31* Aug 20X9
b) Prepare the Financial Position as at 31 Aug 20X9

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