Question: please typing or very clear hand writing Section 3 1- Purchase & sales Stock (Jan) Capital Bank overdraft Cash Discounts Return inwards Return outwards Carriage

please typing or very clear hand writing

Section 3 1- Purchase & sales Stock (Jan) Capital Bank overdraft Cash Discounts Return inwards Return outwards Carriage outwards Rent & insurance Provision for doubtful debts Fixtures & fittings Delivery van Debtors & creditors Wages & salaries General office expenses Drawings Additional Information 1- The year end stock is RM 429 2- The wages and salaries accrued is RM 210. Prepare the income statement for the year ended 2021 for the above company. (15m) DR (RM) 22860 5160 90 1440 810 2160 1740 1200 2100 11910 8940 450 2880 CR (RM) 41970 7200 4350 930 570 660 6060

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Section 3 1- Purchase & sales Stock (Jan) Capital Bank overdraft Cash Discounts Return inwards Return outwards Carriage outwards Rent & insurance Provision for doubtful debts Fixtures & fittings...

please in a table 2. Following is the trial balance of Golden Bridge Trading as on 31st May 2021: Debit RM 22,860 5,160 Credit RM 41,970 7,200 4,350 90 1,440 810 930 570 Purchases and sales Beginning...

2. Following is the trial balance of Golden Bridge Trading as on 31st May 2021: Debit RM 22,860 5,160 Credit RM 41,970 7,200 4,350 90 1,440 810 930 570 Purchases and sales Beginning Inventory Capital...

i want you to solve the question like this answer company name trading statemenet sales sales return NET SALES 442000 (5030) fixed assets van shop fitting 70430 40000 436970 110430 cost of goods sold...

could you please help me to find this question with the same structure and please follow the same steps. i will post a question and also i will show you the sample how u should follow . this is the...

Ignore blue writing please write in a table 5. Following is the trial balance of Great Moments Trading as on 31s May 20X8 cr. Deb Credit RM 22,860 5,160 Purchases and sales Beginning Inventory...

ignore blue writing 5. Following is the trial balance of Great Moments Trading as on 31t 20X8: May Debit Credit Purchases and sales Beginning Inventory Capital Bank Overdraft Cash Discounts Returns...

Ignore blue writing please write in a table 5. Following is the trial balance of Great Moments Trading as on 31 May 20x8: cY Deb RM Purchases and sales Credit Beginning Inventory Capital Bank...

ALL QUESTIONS. Question 1 Gloria, a sole trader extracted the following trial balance from his books at the end of business on 31 March 2022 Dr Cr (RM) (RM) Purchases and sales 22,860 41,970 Stock...

SECTION B Answer both questions in this section in the answer booklet provided, using a black or blue ink pen only Question 1 The following balances were extracted for the books of Latoya Jackson...

Question 1 discrete alphabet discrete-time random process is called: Not yet answered Select one: Marked out of O a. discrete random process 1.00 P Flag question O b. discrete random sequence O c....

Simpson Ltd. (Simpson) imports novelty items from Asian manufacturers and sells them to retailers. The company began operations at the beginning of 2018. The following information is available about...

Lender financing occurs when a business establishes trade credit with the lender. Question 2 7 options: TRUE FALSE

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

(Appendices) Megan, age 28, is insured under an individual major medical policy. The plan has a calendar-year deductible of $1,500, a 25 percent coinsurance provision, and an annual out-of-pocket...

(Appendices) Some states have second-injury funds in their workers compensation programs. However, in recent years, a number of states have terminated such funds.LO6 a. How does a second-injury fund...

(Appendices) PURCHASES, SALES, AND COST OF GOODS SOLD. The following data were available for Jeans Inc., a seller of denim clothing, at January 1 of a recent year: Jeans Inc. records purchases and...