Below is a trial balance of Ali Mamat Enterprise, extracted after one year’s trading. Ali Mamat Enterprise Trial Balance as at 31 December 2019 Particulars Debit (RM) Credit (RM) Sales 190,576 Purchases 119,832 Salaries 56,527 Motor expenses 2,416 Rent 1,894 Insurance 372 General expenses 85 Premises 95,420 Motor vehicles 16,594 Account receivables 26,740 Account payable 16,524 Cash at bank 16,519 Cash in hand 342 Drawings 8,425 Capital 138,066 TOTAL 345,166 345,166 Required: i. Statement of Profit or Loss and Others Comprehensive Income for the year ended 31 December 2019. ii. Statement of Financial Position as at 31 December 2019.

Below is a trial balance of Ali Mamat Enterprise, extracted after one year’s trading. Ali Mamat Enterprise Trial Balance as at 31 December 2019 Particulars Debit (RM) Credit (RM) Sales 190,576 Purchases 119,832 Salaries 56,527 Motor expenses 2,416 Rent 1,894 Insurance 372 General expenses 85 Premises 95,420 Motor vehicles 16,594 Account receivables 26,740 Account payable 16,524 Cash at bank 16,519 Cash in hand 342 Drawings 8,425 Capital 138,066 TOTAL 345,166 345,166 Required: i. Statement of Profit or Loss and Others Comprehensive Income for the year ended 31 December 2019. ii. Statement of Financial Position as at 31 December 2019.

Name: Below is a trial balance of Ali Mamat Enterprise, extracted after one
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Description: Below is a trial balance of Ali Mamat Enterprise, extracted after one year’s trading.Ali Mamat EnterpriseTrial Balance as at 31 December 2019Particulars Debit (RM) Credit (RM)Sales 190,576Purchases 119,832Salaries 56,527Motor expenses 2,416Rent 1,894

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...

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