Category: M2022-1 Accounting

a) State 5 characteristics of non-current assets. 10 marks. b) Elaborate the accounting concepts related to the following situations (i) Personal medical insurance premium paid which is not recorded in Read More …

Q. Using appropriate examples, explain the following accounting concepts: (a) Accruals Concepts 5 marks (b) Prudence Concept 5 marks (c) Consistency Concept 5 marks (d) Going Concern Concept 5 marks Read More …

Q. Syarikat findWHERE purchased two vehicles on 01 January 2020. Details are as follows: Brand Atoyot Adzam Cost RM80,000 RM68,000 Scrap Value RM5,000 RM4,000 Expected Life Expectancy 10 Years 10 Read More …

Q. The following trial balance was extracted from the books of Abacus Enterprise on 30 June, 2021. Abacus Enterprise Trial Balance as at 30 June, 2021 Debit (RM) Credit (RM) Read More …

Q. Enter the following transactions in a 3-column cash book: June RM 2021 1 Cash Balance 20,880 Bank Balance 32,100 8 Purchase Printer Cartridge 250 10 Purchase Hand Sanitizers 50’s Read More …

Q. Prepare accounts for the below transactions.   June 1 Start agency business with cash in bank RM10,000 2021 5 Bought computer and printer RM6,400 8 Bought furniture RM2,400 10 Read More …

Q. April 1 Credit Sale Thomas RM300, Robin 1,200 & Johnny RM280 2022 6 Credit Purchases Allan RM2,560, Hawani RM860 & Mercun RM950 15 Credit Sale Amy RM890, Leon RM330 Read More …

Q. On 31st December, 2021, the bank column of Abacus Enterprise Sdn Bhd’s (hereafter ‘Abacus’) cash book showed a debit balance of RM2,500. The monthly bank statement written-up to 31st Read More …