2. Untung Kasar 60000
Untung Bersih 20700
Total 280600 280600 5900 5900 285900 285900 150000 150000 64800
Adjustments
At 31.12.2005 the following adjustments are to be made:
a) Insurance prepaid of RM600
b) Accrued telephone charge RM300
c) Commision earned but not received RM1200
d) Interest accrued RM400
e) Depreciation on building is RM1000
f) Depreciation on Office equipment is RM2000
g) Provision for doubtful debts is at 5% on debtors.
Asset=Liabilities + Owner Equity + Income - Expenses
Ep=Opening Capital+Additional Capital-Ambilan + net Income (-net Loss) = closing capital.
3. Profit and Loss Balance Sheet
Credit DebitCredit Analisis FS Elements
(RM) (RM) (RM)
20000 BS AS
12000 BS AS
600 BS
100000 BS AT
21000 BS SNT
18000 BS AT
8000 BS SNT
P&L Belanja
14000 BS LS
40000 BS LJP
P&L Belanja
Trading Account Jualan
Trading Account Belian
P&L Belanja
P&L Belanja
P&L Belanja
4800 P&L Hasil
P&L Belanja
46800 BS Owner Equity
600 BS AS
300 BS LS
1200 BS AS
400 BS LS
P&L Belanja
P&L Belanja