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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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