APPENDIX A

Trial Balance as at 31 December 2023

Debit Credit
RM RM
Ordinary share capital 12,000,000
10% Preference share capital 4,000,000
Retained profit as at 1 January 2023 11,457,500
Revenue 70,550,000
Cost of sales 35,240,000
Administrative expenses 10,500,000
Selling and distribution expenses 9,500,000
Audit fees 55,000
Directors' remuneration 700,000
Consultancy fees 150,000
Long term loan from Mentari Bank 2,500,000
Long term investment 6,637,500
Freehold land 16,625,000
Building 5,000,000
Plant and equipment (at cost) 4,500,000
Accumulated depreciation as at 1 January 2023:
Building 300,000
Plant and equipment 2,025,000
Trade receivables 4,500,000
Inventories 5,200,000
Trade payables 2,750,000
Allowance for impairment of trade receivables as
at 1 January 2023 750,000
Tax paid 3,150,000
Interim dividend – preference share 350,000
Investment income 325,000
Cash at bank 4,550,000
106,657,500 106,657,500

Note:

1. All figures should be round up to nearest RM.