The following trial balance of Awesome Trading Ltd as at 31 December 2018. Purchases and Sales...

 

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The following trial balance of Awesome Trading Ltd as at 31 December 2018. Purchases and Sales Returned inwards Opening inventory Salaries Rates payment Electricity expenses Premises Machineries Vehicles at cost Debtors and Creditors Cash Bank Awesome Trading Trial Balance as at 31 December 2018 Debit (RM) Drawings Insurance Capital 250,500 5,000 90.000 50,000 4,000 3.000 500,000 80,000 60.000 8.500 2.000 21,000 7.000 6,000 1,087,000 Stock as at 31 December 2018 was valued at RM 70,000 You are required to prepare: a. Trading Account for the year ended 30 December 2018 b. Profit & Loss Statement for the year ending 30 December 2018 c. Balance Sheet as at 30 December 2018 Credit (RM) 400,500 15,000 671,500 1,087,000 The following trial balance of Awesome Trading Ltd as at 31 December 2018. Purchases and Sales Returned inwards Opening inventory Salaries Rates payment Electricity expenses Premises Machineries Vehicles at cost Debtors and Creditors Cash Bank Awesome Trading Trial Balance as at 31 December 2018 Debit (RM) Drawings Insurance Capital 250,500 5,000 90.000 50,000 4,000 3.000 500,000 80,000 60.000 8.500 2.000 21,000 7.000 6,000 1,087,000 Stock as at 31 December 2018 was valued at RM 70,000 You are required to prepare: a. Trading Account for the year ended 30 December 2018 b. Profit & Loss Statement for the year ending 30 December 2018 c. Balance Sheet as at 30 December 2018 Credit (RM) 400,500 15,000 671,500 1,087,000

Answer rating: 100% (QA)

To prepare the required financial statements well start with the Trading Account then the Profit Los... View the full answer