Question

QI. The following trial balance is extracted from the books of B-Strong Bhd: Trial balance as at 31 December 2018 RM RM 96,000 100.000 192.000 480,000 24.000 96,000 480,000 576,000 192,000 10,000 216.000 40.000 8% debentures 8% preference shares of RM1/- each Asset revaluation reserve Building (cost) Deferred tax liability Furniture and fittings (cost) Land (revalued) Ordinary shares of RM1/- each Plant and equipment (cost) Research expenses Retained profits b/d Tax paid Accumulated depreciation at 1.1.2018: Building Plant and equipment Furniture and fittings Accounts payable Accounts receivable Advertising expenses Bank Debenture interest Directors' fees Insurance Inventory at 1.1.2018 Ordinary dividends Preference dividends Printing and stationery Purchases Salaries Sales Utilities 19.200 60,000 28,800 333.600 52,800 66,000 284,960.20 3,840 76.800 5,280 72.000 16,588.80 2.880 6,000 432,000 116,000 805,549 18,000 2,451,149 2,451,149

Answer 1

De. 72,000 By 86,000 closing stock Trading & Peofit & Loss file for the yed ended 31st December 2018 To Opening stock By Sales 8,05,549 1 Purchases 4,32,000 "Gloss profit old 3,87,549 8,91,549 8, 91,549 "Gloss Peofit bld 3,87,549 utilities 18,000 salaries 1, 16,000 Printing and stationery 6,000 Less: Peepaid other 5,040 of stationery 960 Prefeeence dividends 2,880 oldinagy dividerds 16,588.80 Insulance 5,280 less Peepsid 3,840 insurance 1,440 Director's fees 76,800 4 Debenture interest 3,840 advertising expenses 66.000 "lesearch expenses 16,000 SPA depreciation Building 9,600 Plant & equipment 192.00 Furniture & fittings 13,440 O F /

60,000 " kax expense tax paid 40,000 is net toss "" net loss 7 구 B3679.8 4,61,228.8 4,61228.8 FSL 4,21,228.8 4,21,228.8