Answer to Question #133426 in Accounting for natassya

Question

l information as at 31 December 2019 was available:
1. Inventory at 31 December 2019 was RM20,800.
2. Rent accrued by RM500.
3. A utility paid in advanced is RM80.
4. Takaful premium has been accrued by RM200.
5. Provision for doubtful debts was to be increased to RM1,600.
6. Provision for depreciation on office furniture is 10% on cost.
7. Withdrawal of inventory RM150 was for personal use.

You are required to prepare:
a. a Statement of Comprehensive Income of Maju Jaya Groceries for the year ended 31 December 2019. (15 marks)

b. a Statement of Financial Position of Maju Jaya Groceries as at 31 December 2019. (10 marks)

Answer 1

Dear natassya, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order