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Statement profit or loss and other comprehensive income for the year ended 31 january 2020 2) Statement of financial position as at 31 january 2020

Statement profit or loss and other comprehensive income for the year ended 31 january 2020 2) Statement of financial position as at 31 january 2020

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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1）Statement profit or loss and other comprehensive income for the year ended 31 january 2020 2) Statement of financial position as at 31 january 2020
1. At 31 January 2020 the following trial balance was extracted from the books of Yusiti. Particulars Debit RM Credit RM 101,430 Capital 1 February 2019 Vehicles at cost Equipment at cost Purchases and sales Provision for depreciation at 1 February 2019: 35,000 80,000 284,680 503,520 21,000 35,000 650 Vehicles Equipment Return inward and return outwards Finance expenses Stock at 1 February 2019 Vehicles expenses Rent, rates and insurance Office expenses Drawings Petty cash Wages and salaries Bad debts Debtors and creditors Cash at bank 1,340 1,220 25,570 4,930 7,420 21,940 23,550 200 95,370 1,240 83,210 14,880 680.550 680.550 18.950 TОTAL РОСО Additional information as at 31 January 2020: SHOT ON POCO F2 PRO RM No. Particulars 29,750
Transcribed Image Text:1. At 31 January 2020 the following trial balance was extracted from the books of Yusiti. Particulars Debit RM Credit RM 101,430 Capital 1 February 2019 Vehicles at cost Equipment at cost Purchases and sales Provision for depreciation at 1 February 2019: 35,000 80,000 284,680 503,520 21,000 35,000 650 Vehicles Equipment Return inward and return outwards Finance expenses Stock at 1 February 2019 Vehicles expenses Rent, rates and insurance Office expenses Drawings Petty cash Wages and salaries Bad debts Debtors and creditors Cash at bank 1,340 1,220 25,570 4,930 7,420 21,940 23,550 200 95,370 1,240 83,210 14,880 680.550 680.550 18.950 TОTAL РОСО Additional information as at 31 January 2020: SHOT ON POCO F2 PRO RM No. Particulars 29,750
TOTAL 680.550 680.550 Additional information as at 31 January 2020: No. Particulars i. Stock valued at ii. Insurance prepaid ii. Goods taken from stock for own use iv. Wages due v. Provision for doubtful debt required vi. Provision for depreciation is to be provided as follows: RM 29,750 340 420 2,400 620 straight line method reducing balance method 30% 25% Vehicles Equipment РОСО SHOT ON POCO F2 PRO
Transcribed Image Text:TOTAL 680.550 680.550 Additional information as at 31 January 2020: No. Particulars i. Stock valued at ii. Insurance prepaid ii. Goods taken from stock for own use iv. Wages due v. Provision for doubtful debt required vi. Provision for depreciation is to be provided as follows: RM 29,750 340 420 2,400 620 straight line method reducing balance method 30% 25% Vehicles Equipment РОСО SHOT ON POCO F2 PRO
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