Question 4

Note to tutor : Kindly generate the answer for this question attached into a excel file and snap shot me the answers

Mr Navin owns a general store and has extracted the following balances from his books on 30 June 2019

Debit Credit RM RM Purchases/Sales 57,341 80,340 Inventory 1 July 2018 4,173 Wages 10,650 Loan - Cee Bee Bank 6,000 Cash in hand 242 Premises on cost 15,000 Discount allowed/ received 410 715 Balance at bank 1,150 Drawings 7,326 Repairs to premises 720 Carriage inwards 246 Carriage outwards 584 Motor van, at cost 7,600 Accumulated depreciation on motor van 1,900 Electricity 630 Accounts receivables / Accounts payables 2,720 1,635 Equipment 4,100 Motor van running expenses 1,370 Returns inwards / outwards 265 311 Assessment 1,260 Insurance 114 Capital 22,700 114,751 114,751