Test 1/PF1014 INSTRUCTION TO STUDENTS: ANSWER ALL QUESTIONS Q1.

The following was taken from Neerishma Supermarket as at December 31st 2010. Particulars Cash Bank Debtors Opening stock Bank Loan Insurance Equipments Creditors Capital Drawings Sales Purchases Interest on fixed deposit Discount given Return inward Return outward Carriage inward Rental paid Salaries Utilities Interest on loan RM 35,000 62,000 35,000 17,200 100,000 3,600 80,000 85,900 ? 15,000 182,000 109,200 8,000 2,150 800 400 350 24000 25,500 6,300 3,500

Feb 2012

Closing Stock is RM16,000 You are required to: i. Prepare a Trial Balance for the Year Ending December 31st 2010 (show the capital balance) [15 marks] Prepare an Income Statement for the Year Ending December 31st 2010 [13 marks] iii. Prepare a Balance Sheet as at December 31st 2010. [10 marks]

ii.

Prepared by: Mrs. Shazlina

Test 1/PF1014

Feb 2012

Q2. The following shows the balance of Stan Emmanual Enterprise for July 31st 2010.

Details Capital Bank Vehicle Fixtures Debtors Creditors Closing Stock Net Loss You are required to prepare balance sheet (both vertical and T Format)

RM 86,400 18,280 54,600 6,870 5,415 4,020 4,670 585 [12 marks]

Prepared by: Mrs. Shazlina