# 1. The following Trial Balance was extracted from the books of ZZZ Manufacturing as at 31...

###### Question:

1. The following Trial Balance was extracted from the books of ZZZ Manufacturing as at 31 December 2019.

ZZZ Manufacturing

Trial Balance as at 31 December 2019

 Debit (RM) Credit (RM) Accounts Cash 68,000 Beginning inventories 24,300 Bank 106,000 Prepaid bills 3,000 Sales 104,900 Purchase 34,600 Custom duties 890 Salaries 13,000 Carriage inwards 190 Heat and lighting expense 7,500 Allowance for Doubtful Debts (AFDD) 550 Insurance 6,000 . Bad debts 290 Debtors 34,000 Machineries 100,000 Fittings and furniture 43,000 Accumulated depreciation- machineries 20,000 Accumulated depreciation-fittings and furniture 6,450 Rental accrued 1,000 Carriage outwards 410 Commission income 6,500 Discount received 5,380 Advertisement 8,400 Creditors 12,300 Drawings 7,500 Loan 100,000 Capital 200,000 457,080 457,080

1. Closing stock as at 31 December 2019 was RM32,400.
2. The owner took cash amounted of RM900 for personal use.
3. Advertisement of RM2,200 was still outstanding as at 31 December 2019.

4.         One of the employee was given an advance salary of RM1,000.

5.         Bad debt of RM700 was identified to be written off.

6.         Depreciation for the year are as follows:

Machineries                  - 10% on cost

Fittings and furniture - 15% on net book value

7.         Allowance for doubtful debts is increase by RM120.

Required:

1. Prepare Statement of Comprehensive Income for the year ended 31 December 2019 and;          (10 marks)

1. Statement of Financial Position as at 31 December 2019.                                   (15 marks)

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