Beruflich Dokumente
Kultur Dokumente
[Multiple choice]
1. Salaries Expense....................................................................
45,000.00
Salaries Payable............................................................
45,000.00
2. Salaries Expense....................................................................
45,000.00
Cash..............................................................................
45,000.00
3. Salaries Expense....................................................................
5,000.00
Cash..............................................................................
5,000.00
4. Salaries Expense...................................................................
5,000.00
Salaries
Payable...................................................................
40,000.00
Cash.............................................................................
45,000.00
Answer
1) 1
2) 2
3) 3
4) 4
Point : 1
2
[Multiple choice]
Questi In the first month of operations, the total of the debit entries to
on
the cash account amounted to RM900.00 and the total of the
credit entries to the cash account amounted to RM500.00. The
cash account has a(n)
Answer
Point : 1
3
[Multiple choice]
20.00
Outstanding checks
2,000.00
NSF (Dishonoured) check
170.00
Answer
1) RM6,160.00
2) RM6,010.00
3) RM4,310.00
4) RM4,460.00
Point : 1
4
[Multiple choice]
Questi A business paid RM5000 for technical services but used up the
on
services for only RM2000 until the end of its accounting period.
The remaining RM3000 was referred as..
Answer
1) Accrued expense
2) Accrued income
3) Prepaid income
4) Prepaid expense
Point : 1
5
[Multiple choice]
Questi In a sales ledger control account the bad debs written off should
on
be shown in the account
Answer
1) as a debit
2) as a credit
Point : 1
6
[Multiple choice]
Questi The 'net book value' of a non current assets is equal to:
on
Answer
Point : 1
7
[Multiple choice]
Answer
Point : 1
8
[Multiple choice]
2) Dividends to shareholders
Point : 1
9
[Multiple choice]
Answer
Point : 1
10
[Multiple choice]
Answer
Point : 1
11
[Multiple choice]
Answer
1) RM15,000.00
2) RM10,000.00
3) RM25,000.00
4) RM20,000.00
Point : 1
12
[Multiple choice]
Answer
13
[Multiple choice]
Answer
1) i, iii and iv
2) i and ii
3) i, ii and iv
Point : 1
14
[Multiple choice]
Answer
2) when it is earned.
Point : 1
15
[Multiple choice]
Limited liability.
Answer
1) Aliff Trading
Point : 1
16
[Multiple choice]
Answer
1) An error of commission
4) An error of principle
Point : 1
17
[Multiple choice]
Answer
1) RM55,400
2) RM49,060
3) RM46,940
4) RM54,340
Point : 1
18
[Multiple choice]
1. Office Equipment..................................................................
1,000.00
Account Payable..............................................................
1,200.00
Office Supplies......................................................................
200.00
2. Office Equipment..................................................................
1,000.00
Office Supplies......................................................................
200.00
Accounts Payable............................................................
1,200.00
3. Accounts Payable..................................................................
1,200.00
Office Equipment............................................................
1,000.00
Office Supplies................................................................
200.00
4 Office Equipment.................................................................
1,000.00
Office Supplies.....................................................................
200.00
Accounts Payable...........................................................
1,200.00
Answer
1) 1
2) 2
3) 3
4) 4
Point : 1
19
[Multiple choice]
Questi Cerner Company showed the following balances at the end of its
on
first year:
Cash
RM 5,000.00
Prepaid insurance
500.00
Accounts receivable
2,500.00
Accounts payable
2,000.00
Notes payable
3,000.00
Cerner, Capital
1,000.00
Cerner, Drawing
500.00
Revenues
15,000.00
Expenses
12,500.00
Answer
1) RM21,500.00
2) RM21,000.00
3) RM20,500.00
4) RM22,000.00
Point : 1
20
[Multiple choice]
Answer
1) Assets = Equities.
4) all of these.
Point : 1
21
[Multiple choice]
Questi Mias Repair Shop started the year with total assets of
on
RM100,000.00 and total liabilities of RM80,000.00. During the
year, the business recorded RM210,000.00 in revenues,
RM110,000.00 in expenses, and owner drawings of RM20,000.00.
The net income reported by Mias Repair Shop for the year was
Answer
1) RM80,000.00
2) RM100,000.00
3) RM60,000.00
4) RM190,000.00
Point : 1
22
[Multiple choice]
= RM60,000.00
+ RM60,000.00
Assets
Liabilties
1. RM120,000.00 = RM60,000.00 +
RM60,000.00
2. RM132,000.00 = RM60,000.00 +
RM72,000.00
3. RM132,000.00 = RM66,000.00 +
RM66,000.00
4. RM132,00.000 = RM72,000.00 +
Answer
Owners Equity
RM60,000.00
1) 1
2) 2
3) 3
4) 4
Point : 1
23
[Multiple choice]
Answer
Point : 1
24
[Multiple choice]
[Multiple choice]
Answer
Point : 1
26
[Multiple choice]
Point : 1
27
[Multiple choice]
Point : 1
28
[Multiple choice]
Answer
[Multiple choice]
Answer
Point : 1
30
[Multiple choice]
Questi Which of the following is not a reason why the bank statement
on
balance and the bank balance on the cashbook may not be the
same after the cashbook has been updated for items found on
bank statement.
Answer
1) Unpresented cheques
3) Credit transfers
Point : 1
31
[Multiple choice]
Debit
Credit
Suspense RM175.00
Advertising RM175.00
Advertising RM175.00
Suspense RM175.00
C Advertising RM350.00
Cashbook RM350.00
D
Answer
Cashbook RM175.00
Advertising RM175.00
1) A
2) B
3) C
4) D
Point : 1
32
[Multiple choice]
Answer
[Multiple choice]
Answer
1) RM4200
2) RM1400
3) RM2800
4) RM5600
Point : 1
34
[Multiple choice]
Questi Mias Repair Shop started the year with total assets of
on
RM100,000.00 and total liabilities of RM80,000.00. During the
year, the business recorded RM210,000.00 in revenues,
RM110,000.00 in expenses, and owner drawings of RM20,000.00.
Owners equity at the end of the year was
Answer
1) RM120,000.00
2) RM100,000.00
3) RM80,000.00
4) RM90,000.00
Point : 1
35
[Multiple choice]
Answer
Point : 1
36
[Multiple choice]
Answer
Point : 1
37
Questi
on
[Multiple choice]
A. Dr Insurance
RM8000
Cr Prepaid Insurance
RM8000
RM6000
RM2000
D. Dr Insurance
RM2000
Cr Prepaid Insurance
Answer
RM2000
1) A
2) B
3) C
4) D
Point : 1
38
[Multiple choice]
Answer
Point : 1
39
[Multiple choice]
Answer
Point : 1
40
[Multiple choice]
Questi A car dealer purchased a motorvan for cash for business use.
on
What entry would record this correctly in the accounts?
Debit
A
Answer
Purchases
Credit
Cash
Cash
Purchases
Motorvans
Cash
Cash
Motorvans
1) A
2) B
3) C
4) D
Point : 1