QUESTION 5 (20 MARKS) A Johny Enterprise a sole trader extracted the following trial balance from his books at the close
Posted: Wed Apr 27, 2022 10:43 am
QUESTION 5 (20 MARKS)
A Johny Enterprise a sole trader extracted the following
trial balance from his books at the close The following is
the trial balance of Copaiba Sdn Bhd as at 31 December
2021.
Particulars
Debit (RM)
Credit (RM)
Inventory as at 1 December 2020
5,000
Purchases and sale
22,500
150,400
Carriage Outwards
2,000
Return Outward
600
Wages and Salaries
2,200
Utility
1,800
Delivery cost
350
Discount allowed and discount
received
750
500
Insurance
1,400
Duty Import
600
Building
100,000
Account receivable and account
payable
40,000
13,000
Furniture and fittings
8,000
Cash in bank
15,000
Cash in hand
2,000
Drawing
900
Capital
38,000
202,500
202,500
Additional information:
1. The closing inventory was RM6,500.
REQUIRED:
i. Prepare Statement of Comprehensive Income for the
year ended 31 December 2021. (10 marks)
ii. Prepare Statement of Financial Position as at 31
December 2021.
(10 marks)
A Johny Enterprise a sole trader extracted the following
trial balance from his books at the close The following is
the trial balance of Copaiba Sdn Bhd as at 31 December
2021.
Particulars
Debit (RM)
Credit (RM)
Inventory as at 1 December 2020
5,000
Purchases and sale
22,500
150,400
Carriage Outwards
2,000
Return Outward
600
Wages and Salaries
2,200
Utility
1,800
Delivery cost
350
Discount allowed and discount
received
750
500
Insurance
1,400
Duty Import
600
Building
100,000
Account receivable and account
payable
40,000
13,000
Furniture and fittings
8,000
Cash in bank
15,000
Cash in hand
2,000
Drawing
900
Capital
38,000
202,500
202,500
Additional information:
1. The closing inventory was RM6,500.
REQUIRED:
i. Prepare Statement of Comprehensive Income for the
year ended 31 December 2021. (10 marks)
ii. Prepare Statement of Financial Position as at 31
December 2021.
(10 marks)