1. The following is the trial balance of Setia Bersatu Sdn. Bhd.

for the year ended 31

December 2015:
RM RM
Ordinary share capital (300 000 unit @ RM1) 300 000
6% Preference share capital (100 000 unit @ RM1) 100 000
Retained earnings 89 368
General reserves 20 000
Freehold land 400 000
Office equipment 12 350
Motor vehicles 42 800
Provision for depreciation – office equipment 6 323
Provision for depreciation – motor vehicles 21 240
Debtors 18 900
Provision for doubtful debts 589
Creditors 14 365
Cash in hand and at bank 67 167
Stock 37 644
Salary and wages 62 528
EPF and SOCSO 8 620
Office expenses 2 356
Electricity and water 1 642
Telephone and postage 1 039
Motor vehicle expenses 3 615
Carriage 1 960
Discount received 1 324
Rental income 28 000
Directors remuneration 18 000
Sales 192 366
Purchases 96 243
Return outwards 1 289
774 864 774 864
Additional information:
(i) Stock value as at 31 December 2015 is RM39 205.
(ii) The balance of Carriage Account consists of RM763 of carriage inwards
and the remaining carriage outwards.
(iii) Prepaid rental income RM2 000.
(iv) Accrued EPF and SOCSO expense RM289.
(v) Additional bad debts RM1 200.
(vi) Provision for doubtful debts should be increased by RM150.
(vii) The depreciation rates and methods:
Office equipment 20% on cost

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 Motor vehicles 20% on cost
(ix) Company tax rate is 25%.
(x) The Board of Directors decided to transfer RM25 000 of the current year
profit to General Reserves account.
(xi) Authorised capital: 500 000 units ordinary shares at RM1 per unit.
Prepare:
(a) Statement of Profit or Loss of the year ended 31 December 2015.
(b) Statement of Financial Position as at 31 December 2015.

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2. The following trial balance is extracted from Gemilang Usaha Teknologi Bhd for
the year ended 31 December 2015.
RM RM
Freehold land 280 000
Furniture and fittings 240 000
Motor vehicle 160 000
Provision for depreciation – furniture and fittings 144 000
Provision for depreciation – motor vehicle 32 000
Ordinary share capital @ RM1 per unit 400 000
Share premium 40 000
Retained earnings 30 000
Sales 1 000 000
Cost of sales 700 000
Power and electricity 22 800
Postage and telephone 11 200
Salary and wages 42 000
Directors remuneration 24 000
Motor vehicle expenses 48 200
Debtors 43 400
Closing stock 76 000
Cash at bank 14 000
Creditors 15 600
1 661 600 1 661 600
Additional information:
(i) Company tax rate is 25%.
(ii) Additional bad debts is RM1 000.
(iii) Depreciation rates for furniture and fittings and motor vehicles are 10%
and 20% respectively, both on a straight-line method.
(iv) Prepaid power and electricty expenses is RM4 600.
(v) Accrued postage and telephone and accrued motor vehicle expenses are
RM1 800 and RM600 respectively.
(vi) The Board of Directors decided to transfer RM5 000 of the current year
profit to General Reserves account.
(viii) Authorised capital amounting 500 000 units of ordinary share at RM1 per
share.
Prepare:
(a) Statement of Profit or Loss of the year ended 31 December 2015.
(b) Statement of Financial Position as at 31 December 2015.

3. The following is the trial balance of Seri Murni Sdn. Bhd. as at 30 June 2015:
RM RM

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 Ordinary share capital (500 000 units @ RM1) 500 000
Retained profit 189 368
General reserve 145 000
Freehold land 650 000
Furniture and fittings 47 800
Motor vehicle 128 000
Accumulated depreciation – Furniture and fittings 13 080
Accumulated depreciation – Motor vehicle 51 200
Debtors 28 950
Provision for doubtful debts 442
Creditors 18 105
Cash at bank 87 788
Stock 35 965
Salary and wages 89 226
EPF and SOCSO 10 340
Office expenses 3 456
Electricity and water charges 5 782
Insurance 1 360
Motor vehicle expenses 3 966
Carriage inwards 2 884
Discount received 1 432
Rental 22 000
Directors’ remuneration 18 000
Sales 336 391
Return inwards 942
Purchases 136 653
Return outwards 1 982
Import duty on purchases 2 888
Interim dividend 25 000
1 279 000 1 279 000
Additional information:
(viii) Stock value as at 30 June 2015 is RM40 502.
(ix) Acrrued rental income RM2 000.
(x) Prepaid salary and wages of RM3 500.
(xi) Additional bad debts RM2 600.
(xii) Provision for doubtful debts should be increased by RM200.
(xiii) Accrued expenses:
Audit and secretarial fees RM5 600
EPF and SOCSO RM688
(xiv) Depreciation of fixed assets:
Rates and methods

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 Furniture and fittings 10% - straight line
Motor vehicle 20% - straight line
(viii) Corporate tax rate is 25%.
(ix) The Board of Directors had decided to transfer RM30 000 of current year
profit to the general reserve account.
(x) Authorised share capital: 800 000 units of ordinary share capital at RM1
per share.
Required:
(a) Prepare the Statement of Profit or Loss for the year ended 30 June 2015.
(b) Prepare the Statement of Financial Position as at 30 June 2015.

4. The following Trial Balance is extracted from the books of Cakra Emas Sdn. Bhd.
as at 31 December 2015:
Dr (RM) Cr (RM)

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Ordinary share capital @ RM1.00 per share 400 000
General reserves 27 000
Retained profit 48 050
Freehold shop lot 380 000
Provision for depreciation – Freehold shop lot 3 800
Office equipment 16 400
Provision for depreciation – Office equipment 1 280
Rental income 14 000
Sales 185 632
Purchases 124 971
Return outwards 489
Return inwards 323
Stock 24 236
Carriage inwards 6 202
Carriage outwards 3 952
EPF and SOCSO 4 200
Salaries and wages 35 822
Debtors 54 000
Creditors 16 542
Electricity and water charges 1 429
Telephone charges 5 780
Provision for doubtful debts 416
Cash in hand and at bank 27 894
Interim dividend 12 000
697 209 697 209
Additional information:
(i) Stock as at 31 December 2015 is RM25 965.
(ii) Accrued expenses: EPF and SOCSO RM350, audit fees RM1 500.
(iii) Prepaid rental income RM2 000.
(iv) Prepaid salaries and wages include RM2 150.
(v) Provision for doubtful debts is to be increased by RM200.
(vi) Depreciation rate and method:
Rate Method
Freehold shop lot 2% Straight-line
Office equipment 10% Straight-line
(vii) Profits transfer to general reserves for the year is RM5 000.
(viii) Tax rate is 25%.
(ix) Authorised ordinary capital: 600 000 units @ RM1.00 per share.

Required:
(a) Prepare the Statement of Profit or Loss for the year ended 31 December
2015.
(b) Prepare the Statement of Financial Position as at 31 December 2015.