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please give correct anwers Question 5 Bank The following...

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Accounting

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Question 5 Bank The following is the trial balance for Tatt Trading as at 31 October 2021: DR CR RM RM 6,453 Trade receivables 18.910 Trade payables 22,520 Inventory at 31 October 2020 40,360 Buildings at cost 70.000 Equipment at cost 45,000 Profits b/d 27,000 Capital - 70,000 Purchases 102,360 Sales 165,486 Carriage inwards 2,070 Carriage outwards 1,890 Salaries 18,310 Rates and occupancy expenses 4,735 Repair and maintenance 3.522 Sundry expenses 1,896 Provision for doubtful debts 500 Accumulated depreciation at 31 October 2020: Buildings 22,000 Equipment 16,000 Drawings 8,000 323,506 323,506 Additional information: i. Inventory at 31 October 2021 amounted to RM55,000 ii. Repairs and maintenance owing RM222, sundry expenses owing RM196. tii. Salary accrued amount to RM1,310. iv. RM900 is provided for doubtful debts. v. Depreciation on cost: Buildings 2 per cent; Equipment 10 per cent. Required: Prepare the Statement of Comprehensive Income for the year and the Statement of Financial Position for Tatt Trading as at 31 October 2021. (Total: 40 marks)

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