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Question 16 The following figures relate to Athirah & Co. for the year 20x8. Prepare a Statement of Profit or Loss for the year. RM12,000 Service revenue Commission received Salaries RM50,000 RM8,000 RM20,000 Rental expense Advertisement Utilities expense RM2,000 RM4,000 Question 12 The following figures relate to Syed & Son as at 31 December 20x9. Prepare a Statement of Financial Position for the firm as at that date. Cash RM25,000 Equipment RM8,000 Accounts payable RM10,000 Furniture and fittings RM5,000 Bank overdraft RM10,000 Drawings RM3,000 Accounts receivable RM6,000 Capital - 1 January 20x9 RM15,000 Net profit for the RM12,000 year Question 18 Indicate the effect on assets, liabilities, capital, revenues and expenses for the following transactions. An example is given for Transaction 1. Apply + (increase) and (decrease) using the following format: Items Transactions Effect on Assets Expenses Liabilities Capital Revenue Cash 1 2 3 4 5 6 Purchased machinery by cash Purchased goods on credit Credit sales to Abu Loan of RM100,000 has been approved and the money is deposited into a savings account. The repayment period is 5 years. Paid salary to workers by cash Incurred electricity expense of RM400 but will be settled in the next accounting period Received payment from debtors in the form of a cheque Interest on fixed deposit was due but not yet received Owner took some cash for personal use Sold goods on cash basis Transferred some money from bank to petty cash 7 8 9 10 11