Financial Accounting: The Trial Balance

Financial Accounting: The Trial Balance

The Trial Balance of Hong Ann Sdn Bhd as at 31 December 2019 is given below.Hong Ann Sdn. Bhd.Trial Balance as at 31 December 2019DebitCreditRM’000RM’000Accumulated Depreciation:BuildingsNCA15,000Furniture and Fittings2,500Motor Vehicles5,000Accounts Payable10,000Accounts Receivable27,475General Expenses14,825Staff Salaries:Sales and Distribution Department5,950Administrative Department17,500Delivery Expenses3,500Bank Overdraft3,500Buildings150,000Long-Term Mortgage Payable100,000Interest from Investments8,750Freight Inwards750Commission to Distributor500Furniture and Fittings at Cost12,500Directors’ Fees1,000Interest on Mortgage and Bank Overdraft3,500Inventory as at 1 January 201975,000Investment150,000Land at Cost51,000Motor Vehicles at Cost50,000Purchases59,250Retained Earnings23,000Sales120,000Share Capital335,000622,750622,750


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