1.

The following is the trial balance of Butik Atikah as at 31 March 2015:

Dt (RM) Kt (RM)
Capital 150 000
Drawing 10 500
Shop lot 80 000
Provision for depreciation – shop lot 3 200
Furniture and fittings 25 000
Provision for depreciation – Furniture and fittings 5 000
Stock 24 682
Debtors 21 965
Provision for doubtful debts 171
Provision for discounts 98
Interest income 186
Creditors 18 279
Sales 109 987
Purchases 63 212
Return outwards 1 516
Carriage inwards 340
Discount allowed 156
Import duty on purchases 1 060
Discount received 108
Salary and wages 16 250
Insurance 2 400
Electric, telephone and water charges 937
Commission expenses 3 840
Sundry expenses 780
Advertising and promotion 4 165
Rental income 9 900
Cash in hand and at bank 43 158
Total 288 445 288 445

Additional information:
(i) Stock as at 31 March 2015 RM29 813.
(ii) Rental income should be RM10 800 per year.
(iii) Accrued commission expenses RM3 840.
(iv) The insurance coverage period is from 1st December 2014 to 30th November 2015.
(v) The amount due in debtors’ account of RM965 should be written of as bad debt.
(vi) Provision for doubtful debts should be adjusted to 4% of the debtors’ account.
(vii) Provision for discount should be maintained at 1% of the debtors’ account.
(viii) Provision for depreciation are as follows:
Shop lot – 2% per year on cost
Furniture and fittings – 10% per year on cost.
Required:
(a) Prepare the Statement of Profit or Loss for the year ended 31 March 2015.
(a) Prepare the Statement of Financial Position as at 31 March 2015.

2. The following is the Trial Balance of Setia Kasih Enterprise as at 31 December 2015:
   Dr (RM) Cr (RM)
Capital   99 830
Drawings 36 500  
Long-term loan 30 000
Motor vehicle 65 000  
Furniture and fittings 27 000  
Shop equipment 14 000  
Provision for depreciation – Motor vehicle   26 000
Provision for depreciation – Furniture & fittings   5 400
Provision for depreciation – Shop equipment   4 200
Debtors 28 360  
Stock 9 450  
Creditors   20 820
Provision for doubtful debts   818
Cash at bank 46 148  
Sales   199 142
Return inwards 1 360  
Purchase 73 872  
Return outwards   2 000
Carriage inwards 1 660  
Duty on purchases 2 986  
Salary 36 900  
Insurance 1 395  
Electricity, telephone and water 12 650  
Motor vehicle expenses 4 846  
Carriage outwards 1 872  
Discount allowed 1 090  
Shop rental 26 000  
Bad debts 1 500
Interest received   329
Commission income   4 050
  392 589 392 589

Additional information:
(i) Stock as at 31 December 2015 worth RM10 270.
(ii) The balance of shop rental account includes the rental payment for January 2016.
(iii) Accrued salary RM1 280.
(iv) Prepaid commission income is RM350.
(v) Accrued interest received is RM128.
(vi) Addition bad debts of RM800 should be written-off.
(vii) Provision for doubtful debts should be adjusted to 5% of the debtors’ account.
(viii) The depreciation rates are 20% for motor vehicle, 10% for furniture and fittings
and 15% for shop equipment, all on costs.
Required:
(a) Prepare the Statement of Profit or Loss for the year ended 31 December 2015.
(b) Prepare the Statement of Financial Position as at 31 December 2015.
3. The following is the trial balance of Mudah Ria Enterperise.
Mudah Ria Ent
Trial balance - June 30, 2015
  Dr (RM) Cr (RM)
Sales   320 600
Sales returns 12 600  
Purchase 150 500  
Purchase returns   11 200
Discounts allowed 13 400  
Discounts received   9 700
Commission received   5 300
Carriage inwards 11 100  
Carriage outwards 13 300  
Electricity & utilities 18 400  
Wages and Salaries 45 000  
Insurance 18 000  
Bad debt 2 940  
Office rental 32 000  
Provision for doubtful debts   500
Beginning stock 42 500  
Premises 250 000  
Motor vehicle 75 000  
Provision for depreciation: motor vehicle 56 250
Furniture, fitting & equipment 35 000  
Provision for depreciation: furniture, fitting & equipment   17 500
Debtors 32 060  
Creditors   27 500
Capital   245 250
Drawings 24 000  
Bank loans (long-term)   82 000
  775 800 775 800
Additional information:
(i) Closing stock at June 30 2015 is RM51 500.
(ii) Office rental expense is accrued by RM6 400.
(iii) Insurance expense covers a period of one year from January 1, 2015 to December
31, 2015.
(iv) Commission revenue amounting to RM2 000 is accrued.
(v) Further writing off of bad debts of RM2 060 is required.
(vi) The provision for doubtful debts is to be increased to 3% of the debtors’ account.
(vii) Motor vehicles and furniture, fitting and equipment are depreciated at 25% on
costs.

Required:
(a) Prepare the Statement of Profit or Loss for the year ended 30 June 2015.
(b) Prepare the Statement of Financial Position as at 30 Jun 2015.
4. The trial balance of Perkasa Idaman as at 30 September 2015 is as follows:
Particulars Dr (RM) Cr (RM)
Capital 103 ,430.00
Debtors and creditors 9,500.00 8,400.00
Bad debts 700.00
Freehold land 84,000.00
Stock as at 1 October 2014 12,200.00
Bank Rakyat Loan (payable in five years) 40,000.00
Purchases and sales 25,500.00 57,800.00
Rental income 9,000.00
Return inwards and return outwards 920.00 550.00
Carriage inwards 1,260.00
Carriage outwards 1,620.00
Salary 17,200.00
Electricity charges 1,070.00
Drawing 20,000.00
Cash at bank 9,500.00
Office expenses 8,700.00
Commission income 1,800.00
Discount allowed and discount received 940.00 650.00
Motor vehicle (at cost) 20,000.00
Provision for depreciation – motor vehicle 4,000.00
Office equipment 20,000.00
Provision for depreciation – office equipment 8,000.00
Insurance 1,200.00
Printing and stationery 550.00
Provision for doubtful debts 1,230.00
Total 234,860.00 234,860.00

Additional information:
(i) Stock as at 30 September 2015 is RM14 500.
 (ii) Insurance expense coverage is for the period of 1 January 2015 to 31 December
2015.
(iii) Additional bad debts RM270.
(iv) Provision for doubtful debts should be adjusted to 15% of debtors.
(v) Rental income per year is RM12 000.
(vi) Prepaid commission income RM300.
(vii) Salary for September 2015 amounting RM2 400 was paid in October 2015.
(viii) Depreciation expenses for the year:
Motor vehicle RM4 000
Office equipment RM1 800

Required:
Prepare:
(a) Statement of Profit or Loss for the year ended 30 September 2015.
(b) Statement of Financial Position as at that date.

5. The following is the trial balance for Lasagna Trading as at 30 April 2015:
Dr (RM) Cr (RM)
Capital 436 340
Drawing 5 000
Bank 75 982
Debtors 67 420
Creditors 53 800
Provision for doubtful debts 1 485
Provision for discount 772
Stock – 1 May 2014 37 567
Shop lot 400 000
Furniture and fittings 32 000
Office equipment 50 000
Provision for depreciation – shop lot 20 000
Provision for depreciation – furniture & fittings 6 400
Provision for depreciation – office equipment 15 000
Purchases and sales 342 661 548 483
Return inwards and return outwards 5 740 3 488
Duty on purchases 4 360
Carriage inwards 3 582
Insurance 3 800
Salary and wages 111 500
Telephone charges 2 226
Electricity and water 18 990
Advertisement 10 200
Bad debts 650
Interest on loan 2 250
Commission income 3 210
Discount allowed and discount received 1 320 2 270
Rental income 39 000
Bank loan – long term 45 000
1 175 248 1 175 248

Additional information:
(i) Stock as at 30 April 2015 was RM45 545.
(ii) Lasagna Trading is entitled to annual rental income of RM36 000 per year.
(iii) Accrued commission income RM1 390.
(iv) Accrued interest on loan RM2 250.
(v) The total of salary account include advance payment for May 2015 salary
amounting RM3 250.
(vi) Insurance covers the period from 1 January 2015 to 31 December 2015.
(vii) Additional bad debts RM2 800.
(viii) Provision for doubtful debts should be adjusted to 5% of debtors.
(ix) Provision for discount should be increased by RM270.
(x) Depreciation charges for the year:
Shop lot RM4 000
Furniture and fittings RM3 200
Office equipment RM5 000

Required:
(a) Prepare the Statement of Profit or Loss for the year ended 30 April 2015.
(b) Prepare the Statement of Financial Position as at 30 April 2015.