Poa T - 4
Poa T - 4
23 Withdrew RM25 from the bank to pay the office cleaning company. c) Prepare the Statement of Profit or Loss for the month ended 31
24 Paid wages in cash RM60. October.
26 Sold goods for cash RM380. d) Prepare the Statement of Financial Position as at 31 October.
28 Paid salary by cheque RM240.
31 Retained cash amounting to RM600 and paid the remaining to the
bank. Question 3
Required:
From the following list of balances extract from Evergreen Trading’s book
a) Record the above transactions into the “T” accounts. as at 31 May 2022
b) Prepare Statement of Profit or Loss for the month ended 31 May.
Question 2 RM RM
Cash in hand 400 Trade payables 5,425
Melany started her business, Dream Accessories Shop on 1 October Cash at bank 6,800 Sales 12,400
The following transactions occurred during the month: Capital 18,000 Purchases 9.400
Drawings 300 Returns Outwards 275
Oct Motor vehicles 8,500 Wages 5,000
1 Started the business with RM15,000 in the bank. Trade 2,100 Rent & rates 3,600
2 Bought goods RM10,450 on credit from ByeBye Trading. receivables
5 Cash sales RM5,100.
6 Paid wages in cash RM110.
7 Sold goods RM1,650 on credit to Kylan Required:
9 Paid rent by cheque RM 150. Prepare a proper Trial Balance for Evergreen Trading as at 31 May 2022.
15 Bought fixture on credit from Cozy RM1,200
17 Paid ByeBye Trading by cheque for RM740
21 Return goods to ByeBye Trading RM500
24 Kylan paid his account by cheque RM815
31 Bought a van paid by cheque RM6,250
Required: