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    Instruction: Prepare Financial Statements From The Following Trial Balance. (You Are

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    Amzar
    The document provides two examples of trial balances with financial information for Azman Shah and Syarikat Saya Sdn Bhd. [1] Azman Shah's trial balance includes assets of cash and office equipment, capital, inventory amounts, purchase and sales transactions, expenses of rent, salaries, and utilities. [2] Syarikat Saya Sdn Bhd's trial balance lists assets of bank balance and motor vehicle, capital, account receivables and payables, sales and purchase amounts, and other income and expense items. [3] Students are instructed to prepare a statement of profit or loss and statement of financial position from the provided trial balance information for each company.

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    Instruction: Prepare Financial Statements From The Following Trial Balance. (You Are

    Uploaded by

    Amzar
    23 views2 pages
    The document provides two examples of trial balances with financial information for Azman Shah and Syarikat Saya Sdn Bhd. [1] Azman Shah's trial balance includes assets of cash and office equipment, capital, inventory amounts, purchase and sales transactions, expenses of rent, salaries, and utilities. [2] Syarikat Saya Sdn Bhd's trial balance lists assets of bank balance and motor vehicle, capital, account receivables and payables, sales and purchase amounts, and other income and expense items. [3] Students are instructed to prepare a statement of profit or loss and statement of financial position from the provided trial balance information for each company.

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    The document provides two examples of trial balances with financial information for Azman Shah and Syarikat Saya Sdn Bhd. [1] Azman Shah's trial balance includes assets of cash and office equipment, capital, inventory amounts, purchase and sales transactions, expenses of rent, salaries, and utilities. [2] Syarikat Saya Sdn Bhd's trial balance lists assets of bank balance and motor vehicle, capital, account receivables and payables, sales and purchase amounts, and other income and expense items. [3] Students are instructed to prepare a statement of profit or loss and statement of financial position from the provided trial balance information for each company.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    23 views2 pages

    Instruction: Prepare Financial Statements From The Following Trial Balance. (You Are

    Uploaded by

    Amzar
    The document provides two examples of trial balances with financial information for Azman Shah and Syarikat Saya Sdn Bhd. [1] Azman Shah's trial balance includes assets of cash and office equipment, capital, inventory amounts, purchase and sales transactions, expenses of rent, salaries, and utilities. [2] Syarikat Saya Sdn Bhd's trial balance lists assets of bank balance and motor vehicle, capital, account receivables and payables, sales and purchase amounts, and other income and expense items. [3] Students are instructed to prepare a statement of profit or loss and statement of financial position from the provided trial balance information for each company.

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    Download as DOC, PDF, TXT or read online from Scribd
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    FINANCIAL ACCOUNTING

    FINANCIAL STATEMENTS

    EXERCISE 4

    Instruction: Prepare financial statements from the following trial balance. (You are
    required to prepare both Statement of Profit or Loss for the year ended, as well as
    Statement of Financial Position as at year end).

    1. Azman Shah
    Trial balance as at 30 June 2020

    Particulars RM RM
    Cash 3,500
    Office equipments 1,200
    Capital 16,600
    Opening stocks 400
    Purchases 6,600
    Creditors 2,400
    Sales 6,000
    Return inwards 250
    Rent expense 100
    Drawings 500
    Salaries 12,000
    Water and electricity 450
    25,000 25,000

    The closing stock at the year end date is RM350.


    2. Syarikat Saya Sdn Bhd
    Trial balance as at 31 July 2020

    Particulars RM RM
    Bank 40,600
    Capital 123,000
    Account receivables 38,600
    Sales 45,000
    Account payables 25,000
    Return outwards 4,300
    Motor vehicle 170,000
    Honda Motors 90,000
    Dividend received 4,400
    Purchases 38,000
    Opening inventories 2,500
    Commission received 4,500
    Bad debts 4,200
    Provision for doubtful debts 700
    Depreciation 3,000
    296,900 296,900

    The closing inventories at the year end date is RM1,500.

    END OF QUESTION PAPER

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