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  • Additional Question - L4

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    Sun Pujun
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    The document provides a trial balance as of June 30, 2020 for Good with debit and credit amounts for various accounts including assets, expenses, capital, and sales and purchases. It also provides additional inventory information and asks to prepare a statement of profit or loss for the year ended June 30, 2020 and statement of financial position as of that date based on the trial balance information.

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    The document provides a trial balance as of June 30, 2020 for Good with debit and credit amounts for various accounts including assets, expenses, capital, and sales and purchases. It also provides additional inventory information and asks to prepare a statement of profit or loss for the year ended June 30, 2020 and statement of financial position as of that date based on the trial balance information.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    4 views1 page

    Additional Question - L4

    Uploaded by

    Sun Pujun
    The document provides a trial balance as of June 30, 2020 for Good with debit and credit amounts for various accounts including assets, expenses, capital, and sales and purchases. It also provides additional inventory information and asks to prepare a statement of profit or loss for the year ended June 30, 2020 and statement of financial position as of that date based on the trial balance information.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Additional Question

    Good drew up the following trial balance as at 30 June 2020. Extract the statement of profit or
    loss for the year ended 30 June 2020 and statement of financial position as at that date.
    DEBIT CREDIT
    RM RM
    Bank bs 32,250
    Buildings bs 230,000
    Motor vehicles bs 12,500
    Fixtures bs 5,365
    Capital bs 178,907
    Cash bs 12
    Trade receivables and Trade payables bs 28,560 48,560
    Drawings bs 5,562
    Insurance is 525
    Office Expenses is 560
    Motor expense is 569
    Sales returns and Purchase returns is 560 302
    Sundry expense is 1,090
    Inventory 1 July 2019 is 28,590
    Carriage inwards is 200
    Carriage outward is 546
    Rent is 3,750 200
    Telephone expense is 1,250
    Other Expenses is
    Mortgage Loan bs
    Sales and Purchases is 125,560 189,560
    Wages and Salaries is 4,580
    449,779 449,779

    Additional information: Inventory at 30 June 2020 is RM35,650.

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