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2. Encik Azizi operates a mini market known as AZ Mini Market. Given below is the trial balance of the business as at 30 September 20x2. AZ Mini Market Trial Balance as at 30 September 20X2 Debit Credit (RM) (RM) Motor vehicles (cost RM12,000) 8,000 Salary 10,000 Inventory as at 1 October 20X1 5,500 Wages 14,000 Purchases and sales 35,800 96,800 Capital 115,100 Rent received 600 Insurance 4,500 Motor vehicle maintenance 3,000 Allowance for doubtful debts 400 Freehold land 35,000...
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1. The following Trial Balance was extracted from the books of
ZZZ Manufacturing as at 31 December 2019.
ZZZ
Manufacturing
Trial Balance as at 31 December 2019
Debit (RM)
Credit (RM)
Accounts
Cash
68,000
Beginning inventories
24,300
Bank
106,000
Prepaid bills
3,000
Sales
104,900
Purchase
34,600
Custom duties
890
Salaries
13,000
Carriage inwards
190
Heat and lighting expense
7,500
Allowance for Doubtful Debts (AFDD)
550
Insurance
6,000
.
Bad debts
290
Debtors
34,000
Machineries
100,000
Fittings and furniture...
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The following Trial Balance was extracted from the books of ZZZ
Manufacturing as at 31 December 2019.
ZZZ
Manufacturing
Trial Balance as at 31 December 2019
Debit (RM)
Credit (RM)
Accounts
Cash
68,000
Beginning inventories
24,300
Bank
106,000
Prepaid bills
3,000
Sales
104,900
Purchase
34,600
Custom duties
890
Salaries
13,000
Carriage inwards
190
Heat and lighting expense
7,500
Allowance for Doubtful Debts (AFDD)
550
Insurance
6,000
.
Bad debts
290
Debtors
34,000
Machineries
100,000
Fittings and furniture
43,000...
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Prepare the Income Statement
Andy Fleming has been preparing his business's financial statements for the year ended 31 December 2017 The following balances have been extracted from the ledger accounts at 31 December 2017 Bank loan Bank loan interest Cash at bank Carriage inwards Carriage outwards Commission received Drawings General expenses Inventory at 1 January 2017 Motor vehicles 18 400 645 391 1 056 637 845 17 885 12 470 11 730 35 600 16 500 62 450 3 620...
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a, a statement of profit or loss and other comprehensive income
for the year ended 31 October 2019.
b.statement of financial position
Dr. s 1,476,948 4.349,474 66,554 18,600 --- - Purchases . Sales ... Returns inwards Returns outwards Insurance Wages and salaries --- Electricity Telephone charges Rent and rates Carriage Debenture interest paid Advertising expenses Trade receivables Trade pavables Discount received Cash at bank Allowance for doubtful debts, at 1 November 2018 Machinery, at cost Motor vehicles, at cost Accumulated...
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Section B: Long Questions (Total 75 marks) BI. The following trial balance was extracted from the books of Mac Limited as at 31 October 2019: Trial Balance as at 31 October 2019 Dr. Cr. 1.476.948 4,349,474 66.554 18.600 25.000 884,500 53,000 13,000 636,000 18,000 30,000 332,400 553,800 Purchases Sales Returns inwards Returns outwards Insurance Wages and salaries Electricity Telephone charges Rent and rates Carriage Debenture interest paid Advertising expenses Trade receivables Trade payables Discount received Cash at bank Allowance for...
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dumali b(no Ry tracted from the book wted by company The following information has 31 October 2016 Insurance Inver November 20X5 Eyes Dvd Awe or at levember 2005 Trades tes debits 31 ordinary shares com e rcitionat November 2005 Buildings Motor Vehicles Furniture and equipment Motorences Fundamental a y 31 2 75.000 .000 Bungee of cost. 31 October 2016 the bad were d 01 Movies 20% of y ou Nevestave been ad orded Tax of 150.000 s erved to the...
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The
net profit is RM25436 & for the balance sheet the total assets
is RM929,136 ... not sure if these answers are right or not.. I got
it from my classmate but I don’t know some of the working... pls
help me
astiom iong trial balance was extracted from the books of Mawar Biru Sdn. Bhd. as at 31 necember 20x2. Credit (RM) 350,000 5,000 14,500 68,000 51,000 500,000 300,000 rchases and sales Returns Tansportation expenses 565,000 3,300 wards receivable...
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285 Nazira, who runs Spring Collection, had the following balances extracted from the books of the business on 31 December 2016 Debit (RM) Credit (RM) Capital 76,430 8,500 Drawings Trade receivables and payables Sales Return inwards 16,000 20,000 82,500 1,000 Purchases 62,600 600 Return outwards Wages and salaries 12,400 200 400 1.600 4,000 7,000 1,600 1,000 300 160 50,000 4,000 Discounts Accumulated provision for depreciation - Fixtures and fittings Accumulated provision for depreciation - Motor vehicles Cash at bank Cash...
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Part 3: Financial statements - 40 marks From the following information of the accounting book of Hope Dunn, draw up: (1) an Income statement for the year ended 31 December 2017 (in €). (2) Prepare a Balance Sheet as at 31 December 2017 (in €). 400.000 91,000 255,000 35,000 51,000 Premises Purchases Sales Fixtures and Fittings Motor Cars Allowance for Depreciation: - Fixtures and Fittings • Motor Cars Bank Stock of goods at 1st January 2017 Cash Postage expenses 16,000...
2. Encik Azizi operates a mini market known as AZ Mini Market. Given below is the trial balance of the business as at 30 September 20x2. AZ Mini Market Trial Balance as at 30 September 20X2 Debit Credit (RM) (RM) Motor vehicles (cost RM12,000) 8,000 Salary 10,000 Inventory as at 1 October 20X1 5,500 Wages 14,000 Purchases and sales 35,800 96,800 Capital 115,100 Rent received 600 Insurance 4,500 Motor vehicle maintenance 3,000 Allowance for doubtful debts 400 Freehold land 35,000...
Prepare the Income Statement
Andy Fleming has been preparing his business's financial statements for the year ended 31 December 2017 The following balances have been extracted from the ledger accounts at 31 December 2017 Bank loan Bank loan interest Cash at bank Carriage inwards Carriage outwards Commission received Drawings General expenses Inventory at 1 January 2017 Motor vehicles 18 400 645 391 1 056 637 845 17 885 12 470 11 730 35 600 16 500 62 450 3 620...
a, a statement of profit or loss and other comprehensive income
for the year ended 31 October 2019.
b.statement of financial position
Dr. s 1,476,948 4.349,474 66,554 18,600 --- - Purchases . Sales ... Returns inwards Returns outwards Insurance Wages and salaries --- Electricity Telephone charges Rent and rates Carriage Debenture interest paid Advertising expenses Trade receivables Trade pavables Discount received Cash at bank Allowance for doubtful debts, at 1 November 2018 Machinery, at cost Motor vehicles, at cost Accumulated...
Section B: Long Questions (Total 75 marks) BI. The following trial balance was extracted from the books of Mac Limited as at 31 October 2019: Trial Balance as at 31 October 2019 Dr. Cr. 1.476.948 4,349,474 66.554 18.600 25.000 884,500 53,000 13,000 636,000 18,000 30,000 332,400 553,800 Purchases Sales Returns inwards Returns outwards Insurance Wages and salaries Electricity Telephone charges Rent and rates Carriage Debenture interest paid Advertising expenses Trade receivables Trade payables Discount received Cash at bank Allowance for...
dumali b(no Ry tracted from the book wted by company The following information has 31 October 2016 Insurance Inver November 20X5 Eyes Dvd Awe or at levember 2005 Trades tes debits 31 ordinary shares com e rcitionat November 2005 Buildings Motor Vehicles Furniture and equipment Motorences Fundamental a y 31 2 75.000 .000 Bungee of cost. 31 October 2016 the bad were d 01 Movies 20% of y ou Nevestave been ad orded Tax of 150.000 s erved to the...
The
net profit is RM25436 & for the balance sheet the total assets
is RM929,136 ... not sure if these answers are right or not.. I got
it from my classmate but I don’t know some of the working... pls
help me
astiom iong trial balance was extracted from the books of Mawar Biru Sdn. Bhd. as at 31 necember 20x2. Credit (RM) 350,000 5,000 14,500 68,000 51,000 500,000 300,000 rchases and sales Returns Tansportation expenses 565,000 3,300 wards receivable...
285 Nazira, who runs Spring Collection, had the following balances extracted from the books of the business on 31 December 2016 Debit (RM) Credit (RM) Capital 76,430 8,500 Drawings Trade receivables and payables Sales Return inwards 16,000 20,000 82,500 1,000 Purchases 62,600 600 Return outwards Wages and salaries 12,400 200 400 1.600 4,000 7,000 1,600 1,000 300 160 50,000 4,000 Discounts Accumulated provision for depreciation - Fixtures and fittings Accumulated provision for depreciation - Motor vehicles Cash at bank Cash...
Part 3: Financial statements - 40 marks From the following information of the accounting book of Hope Dunn, draw up: (1) an Income statement for the year ended 31 December 2017 (in €). (2) Prepare a Balance Sheet as at 31 December 2017 (in €). 400.000 91,000 255,000 35,000 51,000 Premises Purchases Sales Fixtures and Fittings Motor Cars Allowance for Depreciation: - Fixtures and Fittings • Motor Cars Bank Stock of goods at 1st January 2017 Cash Postage expenses 16,000...