The following trial balance is extracted from the books of B-Strong Bhd: Trial balance as at...

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The following trial balance is extracted from the books of B-Strong Bhd: Trial balance as at 31 December 2018 8% debentures 8% preference shares of RM1/- cach Asset revaluation reserve Building (cost) Deferred tax liability Furniture and fittings (cost) Land (revalued) Ordinary shares of RM1/- each Plant and equipment (cost) Research expenses Retained profits b/d Tax paid Accumulated depreciation at 1.1.2018: Building Plant and equipment Furniture and fittings Accounts payable Accounts receivable Advertising expenses Bank Debenture interest Directors' fees Insurance Inventory at 1.1.2018 Ordinary dividends Preference dividends Printing and stationery Purchases Salaries Sales Utilities RM 480,000 96,000 480,000 192,000 10,000 40,000 52,800 66,000 284,960.20 3,840 76,800 5,280 72,000 16,588.80 2,880 6,000 432,000 116,000 18,000 2,451,149 RM 96,000 100,000 192,000 24,000 576,000 216,000 19,200 60,000 28,800 333,600 805,549 2,451,149 Additional information: Purchases of a plant and equipment worth RM 30,000 by cheque have been omitted from the books of accounts. Inventory as at 31 December 2018 valued at RM 86,000. Net realizable value is RM 72,000. The following trial balance is extracted from the books of B-Strong Bhd: Trial balance as at 31 December 2018 8% debentures 8% preference shares of RM1/- cach Asset revaluation reserve Building (cost) Deferred tax liability Furniture and fittings (cost) Land (revalued) Ordinary shares of RM1/- each Plant and equipment (cost) Research expenses Retained profits b/d Tax paid Accumulated depreciation at 1.1.2018: Building Plant and equipment Furniture and fittings Accounts payable Accounts receivable Advertising expenses Bank Debenture interest Directors' fees Insurance Inventory at 1.1.2018 Ordinary dividends Preference dividends Printing and stationery Purchases Salaries Sales Utilities RM 480,000 96,000 480,000 192,000 10,000 40,000 52,800 66,000 284,960.20 3,840 76,800 5,280 72,000 16,588.80 2,880 6,000 432,000 116,000 18,000 2,451,149 RM 96,000 100,000 192,000 24,000 576,000 216,000 19,200 60,000 28,800 333,600 805,549 2,451,149 Additional information: Purchases of a plant and equipment worth RM 30,000 by cheque have been omitted from the books of accounts. Inventory as at 31 December 2018 valued at RM 86,000. Net realizable value is RM 72,000.

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Statement of profit and loss for the year ended 31 December 201... View the full answer