200nuuiy L 020.b) Statement of Financial Position as at 31 January 2020.2. The following trial balance was extracted from the books of Syarikat Wawa at 31 Ma2020:ParticularsRMCapitalCarriage inCarriage outPurchasesOffice equipmentMotor vehicleSales63,0301,620800145,80010,0008,500232,95068,0003,6008,4004,3009,6003,18028,40016,440Wages and salariesRent and ratesLighting and heatingVehicles running costTelephone expensesGeneral office expensesDebtorsCreditorsProvision for depreciation:Motor vehicleOffice equipmentProvision for doubtful debts4,2504,000500DrawingsCash at bank13,5706,200300Cash in handStock as at 1 April 2019Return inwardsReturn outwards8,0003,8002,900Additional information as at 31 Mac 2020;Stock on hand was valued at RM8,800i.Rent and rates prepaid RM1,200Wages and salaries RM1,750Depreciation is to be provided as follows:a. Motor vehiclesb. Office equipmenti.iii.iv.50 % reducing balance method20% straight line methodAccrues0 X(Coit-provic 244E3O/京%V.The doubtful debts provision is to be maintained at 2% of closing debtors.Required:a) Statement Profit or Loss and Other Comprehensive Income for the year ended 31 Mac2020.b) Statement of Financial Position as at 31 Mac 2020.

Statement of profit and loss and other comprehensive income is prepared to reflect the true and fair…

2. The following trial balance was extracted from the books of Syarikat Wawa at 31 2020: Particulars RM Capital Carriage in Carriage out Purchases Office equipment Motor vehicle Sales 63,030 1,620 800 145,800 10,000 8,500 232,950 68,000 3,600 8,400 4,300 9,600 3,180 28,400 16,440 Wages and salaries Rent and rates Lighting and heating Vehicles running cost Telephone expenses General office expenses Debtors Creditors Provision for depreciation: Motor vehicle Office equipment Provision for doubtful debts Drawings Cash at bank 4,250 4,000 500 13,570 6,200 300 Cash in hand Stock as at 1 April 2019 Return inwards Return outwards 8,000 3,800 2,900 Additional information as at 31 Mac 2020: Stock on hand was valued at RM8,800 Rent and rates prepaid RM1,200 Wages and salaries RM1,750 iv. i. ii. i. Depreciation is to be provided as follows: a. Motor vehicles b. Office equipment 50 % reducing balance method 20% straight line method AccruC cost-Prou

2. The following trial balance was extracted from the books of Syarikat Wawa at 31 2020: Particulars RM Capital Carriage in Carriage out Purchases Office equipment Motor vehicle Sales 63,030 1,620 800 145,800 10,000 8,500 232,950 68,000 3,600 8,400 4,300 9,600 3,180 28,400 16,440 Wages and salaries Rent and rates Lighting and heating Vehicles running cost Telephone expenses General office expenses Debtors Creditors Provision for depreciation: Motor vehicle Office equipment Provision for doubtful debts Drawings Cash at bank 4,250 4,000 500 13,570 6,200 300 Cash in hand Stock as at 1 April 2019 Return inwards Return outwards 8,000 3,800 2,900 Additional information as at 31 Mac 2020: Stock on hand was valued at RM8,800 Rent and rates prepaid RM1,200 Wages and salaries RM1,750 iv. i. ii. i. Depreciation is to be provided as follows: a. Motor vehicles b. Office equipment 50 % reducing balance method 20% straight line method AccruC cost-Prou

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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