Question 1

Gelora Maju Bhd

TRIAL BALANCE AS AT 31 DECEMBER 2018
DEBIT (RM) CREDIT (RM)
Office Equipment 10,000
Accumulated depreciation – Office Equipment 2,000
Furniture 8,000
Accumulated depreciation – Furniture 1,600

Additional information:

1. Office equipment were depreciated at a rate of 20% using straight line method
2. Furniture is depreciated at a rate of 10% using Reducing balance method.

Required:

Record all the effect of transactions into Statement of Financial Performance and Statement of Financial
Position.

Question 2

Ketapang Jaya
TRIAL BALANCE AS AT 31 DECEMBER 2019
DEBIT (RM) CREDIT (RM)
Rent 12,000
Salary 45,000

Additional information:

1. Rent was paid in advance until 31 March 2020.

2. Salary in arrears for the year was RM5,000

Required:

Record all the effect of transactions into Statement of Financial Performance and Statement of Financial
Position.