The following is the list of balances obtained from Syaamsuria Enterprise as at 31 December 2021. Details Sales Inventory as at 1 January 2021 Purchases Inventory as at 31 December 2021 Return inwards Carriage inwards Rent expenses Duty on purchases Wages and salaries Telephone and electricity Insurance Carriage outwards Motor expenses Stationeries Discount allowed Bad debts Interest on loan Return outwards Discount received Commission received Land and building Motor vehicles Accumulated depreciation - motor vehicles Account receivables Cash in hand Cash at bank Drawings Capital Office furniture Accumulated depreciation - office furniture Account payable Loan from bank (10 years) RM 400,000 30,000 200,000 40,000 15,500 4,000 2,500 1,000 3,000 600 900 2,000 700 300 700 500 300 18,000 600 400 91,400 25,000 5,400 50,000 1,930 85,000 2,000 50,000 15,000 7,000 44,930 6,000
The following is the list of balances obtained from Syaamsuria Enterprise as at 31 December 2021. Details Sales Inventory as at 1 January 2021 Purchases Inventory as at 31 December 2021 Return inwards Carriage inwards Rent expenses Duty on purchases Wages and salaries Telephone and electricity Insurance Carriage outwards Motor expenses Stationeries Discount allowed Bad debts Interest on loan Return outwards Discount received Commission received Land and building Motor vehicles Accumulated depreciation - motor vehicles Account receivables Cash in hand Cash at bank Drawings Capital Office furniture Accumulated depreciation - office furniture Account payable Loan from bank (10 years) RM 400,000 30,000 200,000 40,000 15,500 4,000 2,500 1,000 3,000 600 900 2,000 700 300 700 500 300 18,000 600 400 91,400 25,000 5,400 50,000 1,930 85,000 2,000 50,000 15,000 7,000 44,930 6,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
a) Prepare the Statement of Profit or Loss and Other Comprehensive Income for the year ended
31 December 2021.
b) Prepare the Statement of Financial Position as at 31 December 2021.
![The following is the list of balances obtained from Syaamsuria Enterprise as at 31 December
2021.
Details
Sales
Inventory as at 1 January 2021
Purchases
Inventory as at 31 December 2021
Return inwards
Carriage inwards
Rent expenses
Duty on purchases
Wages and salaries
Telephone and electricity
Insurance
Carriage outwards
Motor expenses
Stationeries
Discount allowed
Bad debts
Interest on loan
Return outwards
Discount received
Commission received
Land and building
Motor vehicles
Accumulated depreciation - motor vehicles
Account receivables
Cash in hand
Cash at bank
Drawings
Capital
Office furniture
Accumulated depreciation - office furniture
Account payable
Loan from bank (10 years)
RM
400,000
30,000
200,000
40,000
15,500
4,000
2,500
1,000
3,000
600
900
2,000
700
300
700
500
300
18,000
600
400
91,400
25,000
5,400
50,000
1,930
85,000
2,000
50,000
15,000
7,000
44,930
6,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F557c1fec-9f74-49f6-99ea-d858a539ef27%2Ff126c2db-cf63-4a61-af66-3ff5fdc3f16c%2Fa4uw0p_processed.png&w=3840&q=75)
Transcribed Image Text:The following is the list of balances obtained from Syaamsuria Enterprise as at 31 December
2021.
Details
Sales
Inventory as at 1 January 2021
Purchases
Inventory as at 31 December 2021
Return inwards
Carriage inwards
Rent expenses
Duty on purchases
Wages and salaries
Telephone and electricity
Insurance
Carriage outwards
Motor expenses
Stationeries
Discount allowed
Bad debts
Interest on loan
Return outwards
Discount received
Commission received
Land and building
Motor vehicles
Accumulated depreciation - motor vehicles
Account receivables
Cash in hand
Cash at bank
Drawings
Capital
Office furniture
Accumulated depreciation - office furniture
Account payable
Loan from bank (10 years)
RM
400,000
30,000
200,000
40,000
15,500
4,000
2,500
1,000
3,000
600
900
2,000
700
300
700
500
300
18,000
600
400
91,400
25,000
5,400
50,000
1,930
85,000
2,000
50,000
15,000
7,000
44,930
6,000
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