Q. a) Define and classify different types of assets. (10 marks) b) Explain two (2) reasons why depreciation may occur on an asset. (10 marks) (20 marks)
Category: M2022-2 Accounting
4 stages of accounting Q2
Depreciation treatment of Q3
Q 3. Syarikat findWHERE reported in its financial statement as at 31 December, 2020 the below asset depreciation values. Asset Cost (RM) Accumulated Depreciation (RM) Computers 18,000 6,000 Company Van Read More …
P&L and Balance Sheet Q4
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 …
2-column cash book Q5
Q. Enter the following transactions in a 2-column cash book: June RM 2021 1 Cash Balance 20,880 Bank Balance 32,100 8 Purchase Printer Cartridge 250 10 Purchase Hand Sanitizers Read More …
Entry to accounts Q6
Q. Prepare accounts for the below transactions. June 1 Start agency business with cash in bank RM15,000 2021 5 Bought computer and printer RM8,400 by cheque 8 Bought furniture Read More …
Cash adjustment & Bank reconciliation Q8
Q. Wilson, the owner of Contract2U found discrepancies between his Cash Book and Bank Statement for the Month of July 2021. The following discrepancies were identified. Bank Statement RM2,215 (debit) Read More …