The trial balance below was extracted from the books of CiciCaca Enterprise as at 31 Мас 2020: Particulars Debit Credit RM RM Purchases and Sales 377,000 432,000 102,000 625,000 950,000 Plant and machinery Vehicles Land and building Accumulated depreciation: Plant and machinery Vehicles 175,000 39,000 760 1,500 44,000 4,700 5,500 15,400 3,600 Discount allowed and discount received Returns inwards and returns outwards Carriage inwards Carriage outwards Custom duties 12,200 Drawings Provision for doubtful debts Salaries and wages Electricity and water Rent and rates 2,000 300,000 65,000 4,000 55,000 Insurance Mortgage on land and building Repairs and maintenance Commission earned 450,000 6,300 95,000 Accounts receivables 187,000 Account payable Inventory - 1 April 2019 Cash at bank 166,500 51,000 41,100 429,640 2,320,100 2,320,100 Сapital ТОTAL The following additional information is to be taken into consideration: i. Increase in provision for doubtful debts to RM3,610 Depreciation for the year: Plant and machinery ii. RM25,700 RM15,300 а. b. Vehicles iii. Accrued expenses: Rent and rates RM1,000 RM4,800 a. b. Electricity and water Expenses paid in advance: Salaries and wages iv. a. RM4,500 1/0 b. Insurance RM5,000 Inventory on 31 Mac 2020 was RM42,800. V. Required: Prepare the Statement Profit or Loss and Other Comprehensive Income for the a) year ended 31 Mac 2020. Prepare the Statement of Financial Position as at 31 Mac 202o. b)
The trial balance below was extracted from the books of CiciCaca Enterprise as at 31 Мас 2020: Particulars Debit Credit RM RM Purchases and Sales 377,000 432,000 102,000 625,000 950,000 Plant and machinery Vehicles Land and building Accumulated depreciation: Plant and machinery Vehicles 175,000 39,000 760 1,500 44,000 4,700 5,500 15,400 3,600 Discount allowed and discount received Returns inwards and returns outwards Carriage inwards Carriage outwards Custom duties 12,200 Drawings Provision for doubtful debts Salaries and wages Electricity and water Rent and rates 2,000 300,000 65,000 4,000 55,000 Insurance Mortgage on land and building Repairs and maintenance Commission earned 450,000 6,300 95,000 Accounts receivables 187,000 Account payable Inventory - 1 April 2019 Cash at bank 166,500 51,000 41,100 429,640 2,320,100 2,320,100 Сapital ТОTAL The following additional information is to be taken into consideration: i. Increase in provision for doubtful debts to RM3,610 Depreciation for the year: Plant and machinery ii. RM25,700 RM15,300 а. b. Vehicles iii. Accrued expenses: Rent and rates RM1,000 RM4,800 a. b. Electricity and water Expenses paid in advance: Salaries and wages iv. a. RM4,500 1/0 b. Insurance RM5,000 Inventory on 31 Mac 2020 was RM42,800. V. Required: Prepare the Statement Profit or Loss and Other Comprehensive Income for the a) year ended 31 Mac 2020. Prepare the Statement of Financial Position as at 31 Mac 202o. b)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:4. The trial balance below was extracted from the books of CiciCaca Enterprise as at 31
Mac 2020:
Particulars
Debit
RM
Credit
RM
Purchases and Sales
Plant and machinery_
377,000
432,000
102,000
625,000
950,000
Vehicles
Land and building
Accumulated depreciation:
Plant and machinery
Vehicles
175,000
39,000
1,500
44,000
4,700
5,500
15,400
3,600
Discount allowed and discount received
760
Returns inwards and returns outwards
12,200
Carriage inwards
Carriage outwards
Custom duties
Drawings
Provision for doubtful debts
Salaries and wages
Electricity and water
Rent and rates
2,000
300,000
65,000
4,000
55,000
Insurance
Mortgage on land and building
Repairs and maintenance
Commission earned
450,000
6,300
95,000
Accounts receivables
187,000
Account payable
Inventory – 1 April 2019
Cash at bank
166,500
51,000
41,100
Capital
429,640
2,320,100 2,320,100
TOTAL
The following additional information is to be taken into consideration:
i. Increase in provision for doubtful debts to RM3,610
ii. Depreciation for the year:
Plant and machinery
RM25,700
RM15,300
a.
b. Vehicles
iii.
Accrued expenses:
RM1,000
RM4,800
a.
Rent and rates
b. Electricity and water
iv. Expenses paid in advance:
Salaries and wages
a.
RM4,500
RM5,000
v. Inventory on 31 Mac 2020 was RM42,800.
b. Insurance
Required:
a)
Prepare the Statement Profit or Loss and Other Comprehensive Income for the
year ended 31 Mac 2020.
b)
Prepare the Statement of Financial Position as at 31 Mac 2020.
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