The following trial balance was extracted from the books of Syarikat Wawa at 31 Mac 2020: Particulars RM Capital Carriage in Carriage out Purchases Office equipment Motor vehicle Sales Wages and salaries Rent and rates 63,030 1,620 800 145,800 10,000 8,500 232,950 68,000 3,600 8,400 4,300 9,600 3,180 28,400 16,440 Lighting and heating Vehicles running cost Telephone expenses General office expenses Debtors Creditors Provision for depreciation: Motor vehicle Office equipment Provision for doubtful debts Drawings Cash a bank 4,250 4,000 500 13,570 6.200 300 8,000 3.800 2.900 Cash in hand Stock as at 1 April 2019 Return inwards Return outwards Additional information as at 31 Mac 2020 Stock on hand was valued at RM8.800 Bent and rates prepaid RM1.200

The following trial balance was extracted from the books of Syarikat Wawa at 31 Mac 2020: Particulars RM Capital Carriage in Carriage out Purchases Office equipment Motor vehicle Sales Wages and salaries Rent and rates 63,030 1,620 800 145,800 10,000 8,500 232,950 68,000 3,600 8,400 4,300 9,600 3,180 28,400 16,440 Lighting and heating Vehicles running cost Telephone expenses General office expenses Debtors Creditors Provision for depreciation: Motor vehicle Office equipment Provision for doubtful debts Drawings Cash a bank 4,250 4,000 500 13,570 6.200 300 8,000 3.800 2.900 Cash in hand Stock as at 1 April 2019 Return inwards Return outwards Additional information as at 31 Mac 2020 Stock on hand was valued at RM8.800 Bent and rates prepaid RM1.200

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

The following trial balance was extracted from the books of Syarikat Wawa at 31 Mac
2020:
Particulars
RM
63,030
1,620
800
Capital
Carriage in
Cariage out
Purchases
Office equipment
Motor vehicle
Sales
Wages and salaries
Rent and rates
145,800
10,000
8,500
232,950
68,000
3,600
8,400
4,30
9,600
3,180
28,400
16,440
Lighting and heating
Vehicles running cost
Telephone expenses
General office expenses
Debtors
Creditors
Provision for depreciation:
Motor vehicle
Office equipment
Provision for doubtful debts
Drawings
Cash at bank
Cash in hand
Stock as at 1 April 2019
Return inwards
Return outwards
4,250
4,000
500
13,570
6.200
300
8,000
3,800
2.900
Additional information as at 31 Mac 2020
Stock on hand was valued at RM8.800
Rent and rates prepaid RM1.200
POCO
SHOT ON POCO F2 PRO

Retun inwards
Retum outwards
3,800
2,900
Additional information as at 31 Mac 2020:
Stock on hand was valued at RM8,800
i.
i.
Rent and rates prepaid RM1,200
Wages and salaries RM1,750
Depreciation is to be provided as follows:
a. Motor vehicles
ii.
iv.
b. Office equipment
50 % reducing balance method
20% straight line method
The doubtful debts provision is to be maintained at 2% of closing debtors.
v.
Required:
a) Statement Profit or Loss and Other Comprehensive Income for the year ended 31 Mac
2020.
POCO
b) Statement of Financial Position as at 31 Mac 2020.
SHOT ON POCO F2 PRO
October 2020 The following

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