SULIT 3756/1

LEMBAGA PEPERIKSAAN DALAMAN

SMK TAMBULION KOTA BELUD SABAH
[STALION Nintonodon Imanimanon to be a STAR]

TINGKATAN: 4 STALION

PEPERIKSAAN PENGGAL PERTAMA 2017 3756/1

PRINSIP PERAKAUNAN
Kertas 1
Mei

1 jam Satu jam lima belas minit

JANGAN BUKA KERTAS PEPERIKSAAN INI SEHINGGA DIBERITAHU

1. Kertas peperiksaan ini mengandungi 40 soalan.

2. Jawab semua soalan.

3. Tiap-tiap soalan diikuti oleh empat pilihan jawapan, iaitu A, B, C dan D. Bagi
setiap soalan, pilih satu jawapan sahaja. Hitamkan jawapan anda pada kertas
jawapan objektif yang disediakan.

4. Jika anda hendak menukarkan jawapan, padamkan tanda yang telah dibuat.
Kemudian hitamkan jawapan yang baharu.

5. Anda dibenarkan menggunakan kalkulator saintifik.

Kertas peperiksaan ini mengandungi 11 halaman bercetak termasuk muka hadapan.

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1 Which statement is incorrect about accounting?

A Accounting is wider than bookkeeping.
B Accounting only involves the process of recording the transaction.
C Accounting planning and controlling business activities.
D Accounting help management make decisions.

2 The diagram below shows some of the accounting cycle.

Books of First Enty/

Original Entry Books
(Journal)

Preparation of Trial Balance

What is Y?
A Adjustments C Source Documents
B Posted into the Ledger D Closing entries

3 Which components Income Statements

A Assets C Liabilies
B Revenues D Owners Equity

4 Which non-operating expenses of a business?

A Salaries C Carriage outwards
B Insurance D Interest on loan

5 Which of the following are characteristics of non-current assets?

I Converted into hard cash.
II Easily converted into cash.
III Can be used for the short term.
IV Can be used for long time.
A I and II C II and III
B I and IV D II and IV

6 The transaction would reduce the assets and liabilities of the business?
A Received loan from bank
B Pay suppliers by check
C Bought goods on cash.
D Took inventory for personal use

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7 On March 31, 2014, Perniagaan Rz has assets, liabilities and owner's equity following:
RM
Capital at 1 April 2013 35 000
Net profit 9 800
Furniture 12 000
Office equipment 6 000
Accounts Receivable 8 200
Accounts Payable 7 000
Inventory at 31 Mac 2014 5 300
Bank 10 100

Calculate non-current assets for the business?

A RM11 300 C RM26 200
B RM18 000 D RM31 000

8 Choose the right partner?

Current Assets Current Liablities
A Fixtures Loan
B Overdraf bank Mortgage
C Accounts Receivable Overdraf bank
D Accounts Payable Motor vehicles

9 Which may explain the accounting equation?

A Assets = Liabilities + Capital + Revenues + Expenses
B Assets = Liabilities + Capital + Revenues Expenses
C Assets = Liabilities + Capital Revenues + Expenses
D Assets = Liabilities + Capital Revenues Expenses

10 The following table shows the value of the asset, liability and equity owners:

Assets Liabilities Owners Equity

RM35 400 Y RM24 120

Calculate the value of Y?

A RM11 280 C RM35 400
B RM24 120 D RM59 520

11 Tisya Own Fresh Market has brought in his personal furniture to the business.
What is the effects on the accounting equation?

Assets Liabilities Owners Equity

A Decrease Decrease No Effect
B Increase Increase No Effect
C Decrease No Effect Decrease
D Increase No Effect Increase

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12 The following information was obtained from a book of business:

Kedai Buku Pintar was sold inventory valued at RM11 200

to RM14 000 on credit to Koperasi SMK STALION.

What is the effect of such transactions on the accounting equation?

Inventory Accounts Receivable Capital
A (RM11 200) RM14 000 RM2 800
B RM14 000 (RM2 800) RM11 200
C RM11 200 RM2 800 RM14 000
D RM11 200 (RM14 000) (RM2 800)

13 Where is the right match?

Contra Account Accounts related

A Provision of Bad Debts Accounts Receivable
B Discount Received Sales
C Discount Allowed Purchases
D Drawings Cash

14 Meena business using the following code to build the chart of accounts in
computerized accounting:

Code Type of account

1000 1999 Asset
2000 2999 Liability
3000 3999 Owners equity
4000 4999 Revenue
5000 5999 Expenses

Choose the correct code for Interest on Savings Accounts.

A 1006 C 3004
B 2008 D 4017

15 Would function Trial Balance?

A Calculate the amount of revenues
B Checking the accuracy of double entry
C Calculating gross profit and net profit
D The financial position of the business

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16 The following Trial Balance was taken from a business:

Trail Balance as at 31 December 2015

Debit Credit
RM RM
Rent 600
Bank 2 600

Transactions that are true of the above Trial Balance?

A Rent paid RM600, Cash at bank RM2 600
B Rent received RM600, Cash at RM2 600
C Rent paid Rm600, Overdraft bank RM2 600
D Rent received RM600, Overdraft bank RM2 600

17 The following Trial Balance was taken from a business:

Trail Balance as at 31 December 2016

Debit Credit
RM RM
P 1 000
Q 240

What are P and Q?

P Q
A Discount Allowed Sales Commission
B Discount Allowed Commission Received
C Discount Received Sales Commission
D Discount Received Commission Received

18 The following information was obtained from the Trial Balance

2016 ABC Company:
RM
Capital 38 820
Motor vehicles 40 000
Accounts Payable 14 400
Sales 90 000
Insurnce 2 400
Returns Inwards 1 300
Purchases 72 600
Accounts Receivable 27 200
Discount Received 280

Calculate the total of Trial Balance on 31 March 2016.

A RM143 220 C RM143 500
B RM142 200 D RM144 800

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19 The following Trial Balance was obtained from the Fio Enterprise:

Trial Balance as at 31 December 2016

Debit Credit
(RM) (RM)
Purchases and Sales 87 200 130 200
Accounts Receiveable 20 840
Accounts Payable 18 600
X 1 300

What is X?
A Capital C Carriage inwards
B Ovedraft Bank D Returns Outwards

20 Based on these trial balance, details of which are recorded on the wrong side?

Trial Balance as at 30 June 2016

RM RM
Purchases 9 600 Capital 22 000
Drawings 200 Bad Debts 600

A Purchases C Drawings
B Capital D Bad Debts

21 Edward & Friends Company, Here is a Trial Balance

Traial Balance as at 31 Mei 2015

Debit (RM) Credit (RM)
Purchases 10 000
Sales 12 000
Furniture 2 000
X 1 000
Y 1 000
13 000 13 000

What is X and Y?
X Y
A Fixed Deposit Carriage outwards
B Loan Capital
C Accounts payable Accounts Receivable
D Drawings Overdraft bank

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22 Trial Balance which shows the correct entry?

A Trial Balance as at 30 March 2017

Particulars Debit (RM) Credit (RM)
Returns Inwards 1 000
Drawings 200
Capital 10 000

B Trial Balance as at 30 March 2017

Particulars Debit (RM) Credit (RM)
Returns Inwards 1 000
Drawings 200
Capital 10 000

C Trial Balance as at 30 March 2017

Particulars Debit (RM) Credit (RM)
Returns Inwards 1 000
Drawings 200
Capital 10 000

D Trial Balance as at 30 March 2017

Particulars Debit (RM) Credit (RM)
Returns Inwards 1 000
Drawings 200
Capital 10 000

23 What is purpose of providing a Trading Account?

A Calculate a gross profit C Calculate operating expenses
B Calculate a net profit D Calcualte the amount of liabilitiy

24 The details are not recorded in the Trading Account?

A Opening Inventory C Sales Returns
B Carriage outwards D Carriage inwards

25 Excerpts obtained from the following Trading Account Mini Market Nisa:
Trading Account for the year ended 31 Mac 2017
RM RM
Purchases 8 000 Sales 48 000
Opening inventory 24 000 Less: returns 600
32 000
Less: Closing inventory 12 000
R 20 000

What is R
A Costs of goods sold C Net profit
B Gross profit D Costs of goods available for sale

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26 Quotes obtained from the following Trial Balance Business Larissa on December
31, 2016:

Trial Balance as at 31 December 2016

Particulars Debit (RM) Credit (RM)
Returns 150 190

Trading Account is was recorded properly?

A Trading Account for the year ended 31 December 2016

RM RM
Retuns Outwards 150 Returns Inwards 190

B Trading Account for the year ended 31 December 2016

RM RM
Retuns Outwards 190 Returns Inwards 150

C Trading Account for the year ended 31 December 2016

RM RM
Returns Inwards 150 Retuns Outwards 190

D Trading Account for the year ended 31 December 2016

RM RM
Returns Inwards 190 Retuns Outwards 150

27 The details are not components of the cost of goods sold?

A Purchases C Sales Returns
B Closing inventory D Carriage inwards

28 The following financial information is taken from Alex Trading on October 31,
RM
Sales 135 000
Retuns inwards 4 200
Closing inventory 18 000
Opening inventory 15 900
Purchases 84 300
Carriage inwards 3 600

What is the gross profit of the business?

A RM45 000 C RM49 200
B RM48 600 D RM51 900

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29 Which item is recorded in the profit and loss account?

A Salaries C Duty on purchases
B Carriage inwards D Purchases Returns

30 The following information was obtained from Perniagaan Nabihah on 31

September 2015
RM
Gross profit 30 000
Rent received 2 400
Wages 4 000
Insurance 3 600
Carriage outwards 3 000

What is the net profit?

A RM15 000 C RM21 800
B RM19 800 D RM25 800

31 Bengkel Kereta Azwa, offers car repair services in Ipoh, Perak

over the past six years.
What is the items appearing in the profit and loss account?
A Wages repair, bank and salary
B Wages repair, insurance and accessories
C Wages repair, cash and payment rates
D Wages repair, promotion and salary workers

32 X and Y are recorded in the profit and loss account of credit. What is X and Y?
X Y
A Salary Insurance
B Bad debt Carriage outwards
C Rates Rent received
D Commission received Interest on saving

33 What is the purpose of preparing the Statement of Financial Position?

A Indicate revenue and expenditure
B Shows the position of working capital
C The financial position of the business
D Calculating the profit and loss of business

34 Items are recorded in the Statement of Financial Position?

I Premis
II Stationery
III Overdraft bank
IV Rates
A I and II C II and IV
B I and III D III and IV

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35 The following information was obtained from the book Faraini Enterprise.
RM
Inventory 23 400
Accounts Receivable 5 360
Fixtures 24 000
Accounts Payable 1 800
Overdraf t 2 720

What is working capital?

A RM24 240 C RM37 520
B RM29 680 D RM48 240

36 Excerpts Statement of Financial Position under derived from PUMA Trading.

Statement of Financial Position as at 30 June 2015
RM RM
Current Assets
Bank 20 000
Accounts Receivable 8 000
28 000
Current Liabilities
Accounts Payable 6 000
Y 22 000

What is Y ?
A Initial Capital C Working Capital
B Final Capital D Additional Capital

37 Statement of Financial Position from the Kedai Ischa.

Statement of Financial Position as at 31 May 2016
RM
Non Current Assets
Machine 8 000
Office equipment 10 000

Current Assets
Inventory 900
Accounts Receivable 2 720
Bank 1 200

Current Liabilities
Accounts Payable 940

Calculate the working capital on 31 May 2016.

A RM3 880 C RM12 240
B RM23 760 D RM21 880

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38 The information below relates to Kedai Pakaian Melvie.

Accounts clerk records the Computer at cost price RM8 000, which is the
market price of RM6 000.

What is concept of accounting followed by the clerk that account?

A Consistency C Accounting period
B Historical cost D Monetary unit

39 What is accounts closed at the end of the accounting period by transferring the
balance to the profit and loss account?
I Insurance Account
II Rent Receive Account
III Sales Returns Account
IV Carriage Inwards Account
A I and II C II and IV
B I and III D III and IV

40 The information below shows the characteristics of the business.

Incorporation under the Companies Act 1965

Liability limited owner
The minimum number of shareholders two people
Financial reports are not made public

Which of the following types of businesses are these include the characteristics it?
A Cinta Malaysia Berhad
B Abu Mawas Enterprise
C Dyana Sendirian Berhad
D Firma Guaman Nur Hikmah dan Rakan-rakan

KERTAS PEPERIKSAAN TAMAT

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