Question: please please answer quickly please please answer quickly Dollah Enterprise involve in a business of selling groceries items owned the following information in their trial
please please answer quickly
please please answer quickly


Dollah Enterprise involve in a business of selling groceries items owned the following information in their trial balance on 28th February 2019 as follows: Dr. Cr. RM RM 92, 800 Purchases Sales 157, 165 Cash at bank 4, 100 324 11, 400 Cash in hand Capital account 1st March 2018 Drawings Office furniture at cost Rental Salaries Discounts Account receivable and account payable Inventory as at 1st March 2018 Allowance for doubtful as at 1st March 2018 Van at cost 17, 100 2, 900 3, 400 31, 400 820 12, 316 4, 120 160 5, 245 405 3, 750 615 Van maintenance cost Bad debts written off 730 Additional information: i. Inventory on 28th February 2019 is RM2,400. ii. Wages and salaries outstanding at 28th February 2019 is RM340. iii. Rental paid in advance at 28th February 2019 is RM230. iv. Van maintenance cost owing at 28th February 2019 is RM72. Increase allowance doubtful debts to RM496. vi. Provide depreciation as follows: Office furniture RM380 and Delivery van RM1,250. V. Required: a) Show statement of profit or loss for Dollah Enterprise for the year ending 28th February 2019. (20 marks) b) Prepare statement of financial position for Dollah Enterprise as at 28th February 2019. (20 marks) [Total = 40 marks]
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