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a)
Beta Enterprise
Profit & Loss Statement for the year ending 31 December 2014

RM
1) Sales

(1 mark)

Less : Cost of Sales:

Beginning inventory

27,335

2) Add :

(1 mark)

3) Less :

(1 mark)

4) Gross Profit

(1 mark)

Less : Expenses

Depreciation

13,250

Utilities

17,801

5)

(1 mark)

6)

(1 mark)

7)

(1 mark)

8)

(1 mark)

9)

(1 mark)

10)

(1 mark)

11) Net profit

(1 mark)

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b)
Beta Enterprise
Balance Sheet as at 31 December 2014
RM
Fixed Asset
1)

(1 mark)

Less: Accumulated Depreciation

(78,321)

Current Asset
2)

(1 mark)

3)

(1 mark)

4)

(1 mark)

5)

(1 mark)

6) TOTAL ASSETS

(1 mark)

Equity

Capital

53,744

Liabilities

Bank Loan payable

17,500

7)

(1 mark)

8)

(1 mark)

9) TOTAL EQUITY & LIABILITIES

(1 mark)

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