The following trial balance was extracted from the Account books of Lam Axion Sdn Bhd, at the close business ended on 31st December, 2013.
Additional information as at 31st December, 2013:-
i) Inventory amounting to RM9,600
ii) Accrued rent of RM400
iii) Prepaid insurance of RM300
iv) The motor vehicle is to depreciate at 15% of cost.
Required:
Prepare the Trading, Profit and Loss Account (Income Statement) for the year ended 31st December 2013 and the Balance Sheet (extract) as that date.
(20 marks, 2014 Q4)
No comments:
Post a Comment