Example Worksheet

Given below is the trial balance as at 31.12.2005

ACE TRADING Trial Balance Adjusment Trading Account Profit and Loss

Details Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit(RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM)

Bank 20000 20000Trade Receivables(AR)Akaun Belum Terima 12000 12000Peruntukan Hutang Ragu(Provision for Doubtful Debts) 200 400 600Building 100000 100000(-)1Depreciation Building 20% 20000 1000 21000Office Equipment 18000 18000(-)1Depreciation 33.33% 6000 2000 8000Insurance 1800 600 1200 1200Trade Payables (AP)/Akaun Belum Bayar 14000 14000Loan 40000 40000Wages 20000 20000 20000Sales 150000 150000 150000Purchases 90000 90000 90000Advertising 12000 12000 12000Water, electricity and telephone 3000 300 3300 3300Stationery 1800 1800 1800Commision receivable 3600 1200 4800 4800Interest Expense 2000 400 2400 2400Capital 46800 46800Belanja Insurans Terdahulu (a) 600 600Belanja Telefon terakru (b) 300 300Komisyen diterima terakru © 1200 1200Belanja Faedah Terakru (d) 400 400Belanja Susutnilai bangunan (e) 1000 1000 1000Belanja Susutnilai peralatan pejabat (f) 2000 2000 2000

Adjusted Trial Balance

Peruntukan Hutang Ragu Trade Receiable (g) 400 400 400Untung Kasar 60000 60000Untung Bersih 20700Total 280600 280600 5900 5900 285900 285900 150000 150000 64800 64800

AdjustmentsAt 31.12.2005 the following adjustments are to be made:a) Insurance prepaid of RM600b) Accrued telephone charge RM300c) Commision earned but not received RM1200d) Interest accrued RM400e) Depreciation on building is RM1000f) Depreciation on Office equipment is RM2000g) Provision for doubtful debts is at 5% on debtors.

Asset=Liabilities + Owner Equity + Income - ExpensesEp=Opening Capital+Additional Capital-Ambilan + net Income (-net Loss) = closing capital.

Balance Sheet

Debit Credit Analisis FS Elements(RM) (RM)

20000 BS AS12000 BS AS

600 BS100000 BS AT

21000 BS SNT18000 BS AT

8000 BS SNTP&L Belanja

14000 BS LS40000 BS LJP

P&L BelanjaTrading Account JualanTrading Account BelianP&L BelanjaP&L BelanjaP&L BelanjaP&L HasilP&L Belanja

46800 BS Owner Equity600 BS AS

300 BS LS1200 BS AS

400 BS LSP&L BelanjaP&L Belanja

20700151800 151800 0