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The trial balance shows office equipment of RM10,000 and furniture of RM8,000 with accumulated depreciation of RM2,000 and RM1,600 respectively. Office equipment is depreciated at 20% per year using straight line method while furniture is depreciated at 10% per year using reducing balance method. This information needs to be recorded in the statement of financial position and statement of financial performance. The second trial balance shows rent of RM12,000 paid in advance until March 2020 and salary in a

Author

habibi

Language

EN