The following are trial balance of Clarissa Amanda Sdn. Bhd. as at 31 December 2021. Debit...

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The following are trial balance of Clarissa Amanda Sdn. Bhd. as at 31¹ December 2021. Debit Credit RM RM Opening stock, 1 Jan 2021 Purchases ii. iii. iv. V. Sales return Carriage inwards Plant and machinery Furnitures and fixtures Land Cash in hand Carriage outwards Wages Salaries Duty on purchases Account receivable Travelling expenses Rent and assessment Drawings Insurance General expenses Capital Sales return Purchases return Discount received Loan Account payables Additional information: 16,000 75,000 5,000 1,500 40,000 5,000 45,650 5,000 400 30,000 18,000 800 28,000 1,200 4,800 5,000 450 12,200 294,000 80,000 200,000 2,000 500 10,000 1,500 294,000 Please change sales return rm200,000 to sales Closing stock was valued at RM 38,000 (market value at RM 20,000). Wages amounting RM 2,000 and salaries amounting RM 1,500 are outstanding. Prepaid insurance amounted RM 150. Provide depreciation on plant and machinery at 5% and on furniture and fixtures at 10%. Required: a) Prepare Statement of Profit and Loss for the year ended 31" December 2021. b) Prepare Statement of Financial Position for the year ended 31¹ December 2021. The following are trial balance of Clarissa Amanda Sdn. Bhd. as at 31¹ December 2021. Debit Credit RM RM Opening stock, 1 Jan 2021 Purchases ii. iii. iv. V. Sales return Carriage inwards Plant and machinery Furnitures and fixtures Land Cash in hand Carriage outwards Wages Salaries Duty on purchases Account receivable Travelling expenses Rent and assessment Drawings Insurance General expenses Capital Sales return Purchases return Discount received Loan Account payables Additional information: 16,000 75,000 5,000 1,500 40,000 5,000 45,650 5,000 400 30,000 18,000 800 28,000 1,200 4,800 5,000 450 12,200 294,000 80,000 200,000 2,000 500 10,000 1,500 294,000 Please change sales return rm200,000 to sales Closing stock was valued at RM 38,000 (market value at RM 20,000). Wages amounting RM 2,000 and salaries amounting RM 1,500 are outstanding. Prepaid insurance amounted RM 150. Provide depreciation on plant and machinery at 5% and on furniture and fixtures at 10%. Required: a) Prepare Statement of Profit and Loss for the year ended 31" December 2021. b) Prepare Statement of Financial Position for the year ended 31¹ December 2021.

Answer rating: 100% (QA)

Answer Statement of Profit and Loss Income Statement for the Year Ended December 31 2021 Particulars ... View the full answer