a. Presented below is the adjusted trial balance of Abdullah Corporation at December 31, 2020.
Accounts Payable 10,000
Wages Payable 500
Unearned Service Revenue 2,000
Bonds Payable, due 2017 9,000
Share Capital – Ordinary 10,000
Share premium 2000
Retained Earnings 20,000
Net loss 2500
Required: Prepare a classified section on Equity and Liabilities. (Marks 3)
What are the requirements of IFRS for a complete set of financial statements be presented annually?
