QUESTION 1: ACCOUNTING EQUATION

Liabilities (RM) Expenses (RM) Assets (RM) Revenues (RM) Capital (RM)

? 50,000 30,000 20,000 50,000

20,000 ? 80,000 30,000 40,000

50,000 20,000 ? 40,000 30,000

60,000 40,000 80,000 ? 20,000

50,000 30,000 100,000 60,000 ?

QUESTION 2: TRIAL BALANCE

The following balances were extracted from the accounts of Cahaya Mata Enterprise for the year
ended 30 April 2015.
RM

Capital 57,670

Bank overdraft 820

Accounts payable 1,750

Drawings 500

Interest on loan 930

Return outwards 510

Carriage outwards 2,100

Accounts receivable 18,776

Sales 54,366

Wages and salaries 21,000

Purchases 63,010

Bank loan 10,000

Dividend received 1,200

Investment in Pandora Bhd 20,000

Required:

Prepare a Trial Balance of Cahaya Mata Enterprise as at 30 April 2015.