ewqrwfqffwefQFWEeqwfqwfwf.ewfqwfio2qjojoefqi.qw5788 The following is a list of balance obtained from Pagoda Enterprise as at...

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Accounting

ewqrwfqffwefQFWEeqwfqwfwf.ewfqwfio2qjojoefqi.qw5788

The following is a list of balance obtained from Pagoda Enterprise as at 31 st. August 2002.

rm

Accounts payable

2,130

Accounts receivable

3,000

Bank.

3,780

Capital

15,000

Carriage inwards

460

Carriage outwards

375

Discount received

240

Import duties

475

Inventory (as at 1st September 2001)

2,210

Purchases.

10,876

Purchases return

560

Rent payable

1 ,450

Rent received

1 ,265

Salaries

1,101

Sales

12,690

Sales return

658

Vehicles

7,500

Additional information:

1 . Inventory on 31 st August 2002 was valued at RM2,462.

  1. Accrued revenue and expenses during the year were as follows:

i. Discount received RM173

ii. Rent payable RM400

3. Prepaid revenue and expenses during the year were as follows:

i. Rent received RM330

ii. Carriage outwards RM80

4. Vehicles are depreciated at 20% per annum.

5. Provision for doubtful debts is 10% of accounts receivables

From the above information, you are required to:

  1. Prepare Statements of Profit or Loss (Income Statement) for Pagoda Enterprise for the year ended 31 st August 2002.
  2. Prepare Statements of Financial Position (balance Sheet) as at that date.

*** How is it incomplete, pls be specific. I have checked the question again from the source i get. What you see is what i get from the source.

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