financial accounting 2 The following Trial Balance has been extracted from the accounting records of Jagga, a

financial accounting 2

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The following Trial Balance has been extracted from the accounting records of Jagga, a private company, at 31 December 2020: Administrative Expenses Bank overdraft 10% Debentures Distribution Costs Dividends Received Long term Investment Furniture & Fittings Cost Acc. Depreciation Interim Ordinary Dividend Ordinary Share Capital Plant & Equipment Cost Acc. Depreciation 10% Preferred share capital Preferred Dividend Retained Earnings at 1 January Provisions for doubtful debts Purchases Sales Share Premium Inventory Trade Payables Trade Receivables Debit RM'000 2500 1200 730 100 80 7600 20 7250 2170 2600 24250 Credit RM'000 250 600 130 40 900 5000 200 2320 160 13260 400 990 24250 The following Trial Balance has been extracted from the accounting records of Jagga, a private company, at 31 December 2020: Administrative Expenses Bank overdraft 10% Debentures Distribution Costs Dividends Received Long term Investment Furniture & Fittings Cost Acc. Depreciation Interim Ordinary Dividend Ordinary Share Capital Plant & Equipment Cost Acc. Depreciation 10% Preferred share capital Preferred Dividend Retained Earnings at 1 January Provisions for doubtful debts Purchases Sales Share Premium Inventory Trade Payables Trade Receivables Debit RM'000 2500 1200 730 100 80 7600 20 7250 2170 2600 24250 Credit RM'000 250 600 130 40 900 5000 200 2320 160 13260 400 990 24250

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The detailed answer for the above question is provided below Step 12 The financial statements of the entity mainly consists of statements of profit lo... View the full answer