Question

Below is the information extracted from the book of ABC Sdn Bhd. Prepare the trial balance as at 31 December 2019. (15 marks.)

Accounts	Amount (RM)
Land	500,000
Building	200,000
Motor vehicles	120,000
Plant and machinery	70,000
Retained profit as at 01.01.2019	312,150
8% debenture	150,000
Ordinary share	200,000
Accumulated depreciation as at 31.12.2019: Building	60,000
Motor vehicles	69,250
Plant & machinery	40,000
Sales returns	3,600
Purchase returns	4,100
Sales	700,000
Purchases	400,000
Sales discounts	5,000
Purchase discounts	3,500
Opening inventory	52,000
7% Preference shares	50,000
Provision for bad debts	2,000
Trade receivables	26,700
Trade payable	43,200
Administrative expenses	18,000
Staff training cost	4,000
Bad debts	12,500
Motor expenses	27,000
Rental	90,000
Bank overdraft	15,400
Wages and salaries	115,000
Debenture interest	6,000
Suspense account	200

Answer 1