Question: Please, if you are going to write by hand, make it clear.thankyou so much, my dear Question 1 a) Ameena, a fresh graduate in Food

 Please, if you are going to write by hand, make it

Please, if you are going to write by hand, make it clear.thankyou so much, my dear

Question 1 a) Ameena, a fresh graduate in Food Technology, started her business selling vitamins and other supplementary foods. She facing some problems in classifying some accounts according to the accounting types. You are required to help her to distinguish each of the following items either assets, liabilities or owner's equity (10 marks) L Premises IL Office equipment ai. Bank overdraft iv. Fixtures and Fittings V. Debtor: Sarah W. Creditor: Jamal vi. Loan to Adam viii. Capital ix Drawing X Closing Stock b) She has extracted the following information as at 31 December 2017. Freehold premises RM100,000, Creditors RM12,860, Debtors RM15,000, Bank overdraft RM10,370, Equipment RM26.000, Loan from Bee Bank RM66,000. Stock of unsold goods RM8.000, Cash in hand RM150. (10 marks) PERSATUAN Mart chrom You are required to i. Determine the owner's equity in the business: Prepare a Balance Sheet as at 31 December 2017. Question 2

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