Hi, this is Business Accounting II. thankyou - Inere was a smail stock or...
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Accounting
Hi, this is Business Accounting II. thankyou
- Inere was a smail stock or stadionery in ana vaiueu at riviJu. - Salaries due to staff were RM600. - A bill for cleaning expenses of RM100 was outstanding, these have yet to be adjusted and should be charged to Sundry expenses. - Office equipment is subject to 10% straight line depreciation charges. - Motor vehicle is subject to 20% reducing balance depreciation charges. Required: a. Prepare the Statement of Comprehensive Income for the year ended 31 December 2018. (12 marks) b. Prepare the Statement of Financial Position as at 31 December 2018. ( 8 marks)
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