i) statement of profit and loss and other comprehensive income for the year ended 30 june 2019ii) statement of financial position as 30 june 2019 4. The following is extracted trial balance of Grey Grig Ltd as at 30 June 2019.Grey Grig LtdTrial Balance as at 30 June 2019ParticularsDebit (RM) Credit (RM)Equipment rentalInsurance940Lighting and heating expensesMotor expensesSalaries and wagesSalesPurchase1,8041,9902,35048,580382,420245,950624Sundry expensesLorryAccount payable19,40023,408Account receivable44,5164,600174,000FixturesShopCash at bankDrawingsСapital11,34644,000194,272600 100ТОTAL600.1004/5Inventory at 30 June 2019 was RM29,304.

Financial Statement:- These are statements prepared at the end of the financial year to know the…

Answered: ) statement of profit and loss and…

) statement of profit and loss and other comprehensive income for the year ended 30 june 2019 ii) statement of financial position as 30 june 2019

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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Question

i) statement of profit and loss and other comprehensive income for the year ended 30 june 2019

ii) statement of financial position as 30 june 2019

4. The following is extracted trial balance of Grey Grig Ltd as at 30 June 2019.
Grey Grig Ltd
Trial Balance as at 30 June 2019
Particulars
Debit (RM) Credit (RM)
Equipment rental
Insurance
940
Lighting and heating expenses
Motor expenses
Salaries and wages
Sales
Purchase
1,804
1,990
2,350
48,580
382,420
245,950
624
Sundry expenses
Lorry
Account payable
19,400
23,408
Account receivable
44,516
4,600
174,000
Fixtures
Shop
Cash at bank
Drawings
Сapital
11,346
44,000
194,272
600 100
ТОTAL
600.100
4/5
Inventory at 30 June 2019 was RM29,304.

Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item

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