Question

Q1. 4U Berhad Trial balance as at 30 June 2019 RM 0.000) RM (.000) 25,000 1.500 750 2.500 12.500 1.250 500 875 1.250 2.500 1.250 7,500 500 1,500 6.000 Sales @ RM 100 per unit Inventory at 14 May 2018 (15,000 @ RM 50) Trade receivables and payables Purchases Return inwards Carriage inwards Carriage outwards Return outwards Administrative expenses Selling and distribution expenses Plant and machinery at cost Discount received Commission Received Rental Building at cost Freehold land at cost Bad debts Accumulated depreciation at 1 May 2018: Plant and machinery Building Bank Cash in hand Directors' remuneration Audit fees Ordinary shares of RM 1 each Retained profit at 1 May 2018 10% debentures, payable in 10 yrs Interim dividend Debenture interest Taxation Suspense account 15.000 2,500 250 2.125 5.250 15,950 1,875 1.250 375 15,750 2,200 5,000 750 375 625 2.500

Answer 1

Kindly find the images pertaining to Profit and loss account. Since Traditing account has not been specifically asked, it is combined with profit and loss account. Since the student has not specified which part to be answered, we are providing with solution to part 1 i. e. Profit and loss account.

40 Berhad Profit and Debt 25 000000 125oooo 200,000 sooooo To - Prepaid dist 1250,000 El Bupaid (250 ovd) | 1000000 cu dor 1250000 and loss the year cuand 30/06/2019 Particulars TO Particulis. opening stocks 750000 by Sales To porchases 1/2 500.000 retuon autwed To retron Inward 1125 0000 administration exp Carring Inward & Prepaid 1750 000 H50000 To Outlard 1875000 Carriage To adeun cap 2500 oog By commission 1500,000 (75oon 1750000 1o diceoved comm. (250 or) (750000. To Selling & Rental 6000000 Revaluation of hand To Bad debts 1250000 To Further Bad debts B To Rom 10%. (2500-500) To Deprication Building Plant & fach coy (1960 – 12/25000) 534500 To Direcho Reman To Audis fees To Del Dutt 345000 Addl. Ace. 125000 Sooooo (som 80 Roy . -375300 C 3750 000 - 2000.00) 500 000 35250000 200 000 15000 150 1074 fosobod 1500000 1250000 1375000 To poorition for 250000 1500000 Chcity Elu Ias. I preminne To the ep C120000-1100)11 25000 To D. T. Liah mett (Bal 125000 851250 -

Other points-

1) Dividend doesn't impact our profit and loss account, rather it is the adjustment in Reserves.

2) We have calculated the profit after tax. In case Profit before tax is required, taxation expenses should have to be ignored in that case.

Final figure of profit is 8512500 (if in any case it is not visible.)