1. At 31 January 2020 the following trial balance was extracted from the books of Yusiti. Particulars Debit Credit RM 101,430 RM Capital 1 February 2019 Vehicles at cost Equipment at cost 35,000 80,000 284,680 503,520 Purchases and sales Provision for depreciation at 1 February 2019: Vehicles 21,000 Equipment 35.000 650 Return inward and return outwards Finance expenses Stock at 1 February 2019 Vehicles expenses Rent, rates and insurance Office expenses Drawings Petty cash Wages and salaries Bad debts Debtors and creditors Cash at bank 1,340 1,220 25,570 4,930 7,420 21,940 23,550 200 95,370 1,240 83,210 14,880 680.550 680,550 18,950 TOTAL Additional information as at 31 January 2020: No. Particulars i. Stock valued at ii. Insurance prepaid iii. Goods taken from stock for own use iv. Wages due v. Provision for doubtful debt required vi. Provision for depreciation is to be provided as follows: RM 29,750 340 420 2,400 620 Vehicles straight line method reducing balance method 30% 25% Equipment

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Tutorial 9
Submission date: 18 January 2021 before 12.00pm
1. At 31 January 2020 the following trial balance was extracted from the books of Yusiti.
Particulars
Debit
RM
Credit
RM
101,430
Capital 1 February 2019
Vehiçles at cost
Equipment at cost
Purchases and sales
Provision for depreciation at 1 February 2019:
35,000
80,000
284,680 503,520
Vehicles
Equipment
Return inward and return outwards
21,000
35,000
650
1,340
1,220
25,570
4,930
7,420
and
Finance expenses
Stock at 1 February 2019
Vehicles expenses
Rent, rates and insurance
Office expenses
Drawings
Petty cash
Wages and salaries
Bad debts
21,940
23,550
200
95,370
1,240
Debtors and creditors
83,210 18,950
Cash at bank
14,880
680,550 680,550
TOTAL
Additional information as at 31 January 2020:
No. Particulars
i. Stock valued at
ii. Insurance prepaid
RM
29,750
340
420
ii
Goods taken from stock for own use
iv. Wages due
v. Provision for doubtful debt required
2,400
620
Provision for depreciation is to be provided as follows:
Vehicles
Equipment - reducing balance method
vi
- straight line method
30%
25%
Add or create
Required:
L----- L OIL- C -
1--------
------ded n4
2
Transcribed Image Text:Tutorial 9 Submission date: 18 January 2021 before 12.00pm 1. At 31 January 2020 the following trial balance was extracted from the books of Yusiti. Particulars Debit RM Credit RM 101,430 Capital 1 February 2019 Vehiçles at cost Equipment at cost Purchases and sales Provision for depreciation at 1 February 2019: 35,000 80,000 284,680 503,520 Vehicles Equipment Return inward and return outwards 21,000 35,000 650 1,340 1,220 25,570 4,930 7,420 and Finance expenses Stock at 1 February 2019 Vehicles expenses Rent, rates and insurance Office expenses Drawings Petty cash Wages and salaries Bad debts 21,940 23,550 200 95,370 1,240 Debtors and creditors 83,210 18,950 Cash at bank 14,880 680,550 680,550 TOTAL Additional information as at 31 January 2020: No. Particulars i. Stock valued at ii. Insurance prepaid RM 29,750 340 420 ii Goods taken from stock for own use iv. Wages due v. Provision for doubtful debt required 2,400 620 Provision for depreciation is to be provided as follows: Vehicles Equipment - reducing balance method vi - straight line method 30% 25% Add or create Required: L----- L OIL- C - 1-------- ------ded n4 2
4G l 3G ll 3.2K/s (3) S
21:38
4G1 17%
Due 18 Jan. 23:59
Required:
a) Statement Profit or Loss and Other Comprehensive Income for the year ended 31
January 2020.
b) Statement of Financial Position as at 31 January 2020.
2. The following trial balance was extracted from the books of Syarikat Wawa at 31 Mac
2020:
Particulars
RM
Capital
Carriage in
Carriage out
Purchases
Office equipment
63,030
1,620
800
145.800
10,000
8,500
232,950
68,000
3,600
Motor vehicle
Sales
Wages and salaries
Rent and rates
Lighting and heating
Vehicles running cost
8,400
A 200
4,300
9,600
3,180
28.400
16,440
Telephone expenses
General office expenses
Debtors
Creditors
Provision for depreciation:
Motor vehicle
4,250
4,000
Office equipment
Provision for doubtful debts
500
13.570
6,200
300
8,000
3.800
2,900
VISion
Drawings
Cash at
Cash in hand
Stock as at 1 April 2019
Return inwards
Return outwards
Additional information as at 31 Mac 2020:
i.
Stock on hand was valued at RM8,800
Rent and rates prepaid RM1,200
Wages and salaries RM1,750
Depreciation is to be provided as follows:
a. Motor vehicles
b. Office equipment
ii.
ii.
iv.
50 % reducing balance method
20% straight line method
V.
The doubtful debts provision is to be maintained at 2% of closing debtors.
8
Rage
a/ Statememt Proit or Loss and Oier Comprenensive income ior the year ended ST Mac
2020.
2.
Transcribed Image Text:4G l 3G ll 3.2K/s (3) S 21:38 4G1 17% Due 18 Jan. 23:59 Required: a) Statement Profit or Loss and Other Comprehensive Income for the year ended 31 January 2020. b) Statement of Financial Position as at 31 January 2020. 2. The following trial balance was extracted from the books of Syarikat Wawa at 31 Mac 2020: Particulars RM Capital Carriage in Carriage out Purchases Office equipment 63,030 1,620 800 145.800 10,000 8,500 232,950 68,000 3,600 Motor vehicle Sales Wages and salaries Rent and rates Lighting and heating Vehicles running cost 8,400 A 200 4,300 9,600 3,180 28.400 16,440 Telephone expenses General office expenses Debtors Creditors Provision for depreciation: Motor vehicle 4,250 4,000 Office equipment Provision for doubtful debts 500 13.570 6,200 300 8,000 3.800 2,900 VISion Drawings Cash at Cash in hand Stock as at 1 April 2019 Return inwards Return outwards Additional information as at 31 Mac 2020: i. Stock on hand was valued at RM8,800 Rent and rates prepaid RM1,200 Wages and salaries RM1,750 Depreciation is to be provided as follows: a. Motor vehicles b. Office equipment ii. ii. iv. 50 % reducing balance method 20% straight line method V. The doubtful debts provision is to be maintained at 2% of closing debtors. 8 Rage a/ Statememt Proit or Loss and Oier Comprenensive income ior the year ended ST Mac 2020. 2.
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