Mega Maju Ent QQ PDF

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Mega Maju Ent QQ...

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Question 5 Cik Aifaa was the owner of Mega Maju Enterprise. Since you had some accounting background during your study in UiTM, she hired you as an account assistant to help her in preparing the financial statement for the company. The following trial balance was from the books of Mega Maju Enterprise as at 31st. December 2018. Mega Maju Enterprise Trial Balance as at 31 December 2018 Dr. (RM) Capital Building Fixtures and fittings Motor vehicle Furniture Investment Copyrights Fixed deposit Sales Purchase Return inward Return outward Discount allowed Discount received Carriage inwards Carriage outwards Insurance on purchase Commission received Dividend on investment Interest on fixed deposit Rent received Cash in hand Bank Account Receivable Advertising expenses Wages and salaries Repair on motor vehicle Insurance Telephone bill General expenses Entertainment expenses Stationery Water and electricity Interest on loan Rental expense Drawings Petrol expenses Security services Account Payable

Cr.(RM) 234,000

132,000 8,000 62,000 10,000 12,000 5,000 15,000 328,200 247,500 2,500 2,800 2,600 3,700 3,300 1,200 5,300 2,500 700 900 12,600 4,800 18,000 27,900 3,600 36,000 3,400 4,600 1,200 2,600 3,000 3,200 1,700 3,500 8,900 6,300 6,500 1,000 29,500

Short term loan Loan from Bank Wira Opening inventory (1 January 2018)

10,000 50,000 32,300 674,900

674,900

Additional Information: Closing inventory was valued at RM35,000 REQUIRED a. Prepare the Statement of Profit or Loss for the year ended 31st December 2018. b. Prepare the Statement of Financial Position as at 31st. December 2018....