Question

Trial Balance as at 30 June 2019                                                

	Debit  (RM)	Credit  (RM)
Premise	244,600
Motor Vehicle	112,000
Furniture & Fittings	60,000
Office Equipment	3,800
Bank	27,360
Cash	4,140
Trade Receivables	22,250
Trade Payables		25,243
Fixed Deposit 6%	20,000
Stationeries	1,438
Salary	22,600
Bad Debt	1,000
Utilities Expenses	5,460
Insurance Expenses	8,000
Carriage Inward	2,465
Commission		3,450
Purchases	338,343
Sales		645,989
Inventory as at 1 July 2018	18,340
Capital		120,000
Loan   4%		36,000
Interest   on Loan	2,880
Discount	2,550	4,556
Provision for doubtful debt		428
Return		200
Accumulated depreciation: Motor Vehicle		40,600
Accumulated depreciation: Furniture & Fittings		20,000
Accumulated depreciation:   Office Equipment		760
	897,226	897,226

Inventory value at 30 June 2019

1. Cost Value	Market Value
   RM16,882	RM28,155

2. Insurance of RM1,600 was paid for the month of July and August 2019.?

3. Water and electricity bill of RM450 for June 2019 is still outstanding.

4.    Provision of doubtful debt remained at 4% per annum.?

5. Borrowing of RM72,000 was made on 1 January 2016 for a payback period of 6 years. Interest charged was 4% per annum on borrowed amount.??

   Depreciation policy for non-current assets are as follow:

6. Asset	Rate	Method
   Motor Vehicle	15%	Reducing   Balance Method
   Furniture & Fittings	10%	Straight   Line Method
   Office Equipment	10%	Straight   Line Method

   Notes:
   -A portion of the furniture & fittings amounting to RM20,000 was purchased on 1 January 2019

-Office Equipment was sold at RM2,000 and the cheque received on 30 June 2019 was yet to be recorded in the book. 


7.
1. The following document was yet to be recorded in any books.

Nisa Stationaries Store Pasir Puteh 01-007-008-0123
Item	Quantity		Price/unit	Total Amount
Envelop	1 box		RM12	RM12
29-06-2019            13:54:32		Total		RM12
		Cash		RM20
		Change		RM8
		Thank You