a)

What is the two (2) method that accountant can do to check incomplete transaction?

b) Find the value of X using the comparison method in profit and loss statement. The

financial year started 1' January and ended 31 December.

Capital on

1 Jan

(RM)

2

3

4

5

36.900

41.700

44.850

X

44.640

Capital on

31 Dec

(RM)

46.800

42,750

X

66.330

58.110

Additional

Capital

(RM)

8.550

7,200

11.310

11.670

5.970

Total

Drawings

(RM)

3.450

4,500

9.450

6.360

X

Net

profit

(RD)

Ox

0

12.420

8.250

D'et

(RM)

xo

5,520

0

0

Required:-

Please answer each question by showing the working using.

a)

Equation format

b) T-Format

QUESTION 1 a) What is the two (2) method that accountant can do to check incomplete transaction? b) Find the value of X using the comparison method in profit and loss statement. The financial year started 1" January and ended 31 December Capital on Capital on Additional Total Net 31 Dec Capital Drawings profit (RM) (RM) (RM) (RM) (RM) 1 Jan Net Loss (RM) 1 2 3 4 5 36,900 41,700 44,850 X 44,640 46,800 42.750 X 66,330 58,110 8,550 7,200 11,310 11,670 5,970 3,450 4,500 9,450 6.360 X 0 0 12,420 8,250 0 X 5,520 0 0 Required: Please answer each question by showing the working using. a) Equation format b) T-Format