The Trial Balance of Wisdom Sdn Bhd at 31 December 2018 is as follows: Additional information: i.
Question:
The Trial Balance of Wisdom Sdn Bhd at 31 December 2018 is as follows:
Additional information:
i. Inventory as at 31 December 2018 were valued at RM3,500.
ii. Accrued expenses and revenues during the year were as follows:
Salaries expenses RM100
Interest received RM400
iii. Prepaid expenses and revenues during the year were as follows: Rent and rates RM200 Commission Received RM50 CONFIDENTIAL Business Accounting (BAA81014) April 2019 Final Examination
iv. Depreciation are to be provided as follows:
Motor Vehicles 20% on cost
Equipment 10% on cost.
Premises 15% on cost.
v. A doubtful debts provision of 3% of account receivables was created on 31 December.
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso