1) As per mentioned below are the purpose of preparing Trial Balance except:

(i) To check whether the business transactions have been accurately posted to each ledger account.

(ii) To facilitate the accountant in preparing the financial statements

(iii) To check whether debit balances equal credit balances

(iv) To check whether any error has been made or not

(a) (i), (ii) & (iii)

(b) (i), (iii) & (iv)

(c) (i), (ii), (iii) & (iv)

(d) (i), (ii) & (iv)

(2) When will Company recognize Revenue and Expenses under Accruals concept?

(i) Expenses Incurred

(ii) Revenue Earned

(iii) Revenue Paid

(iv) Expenses Paid

(a) (ii) & (iv)

(b) (i) & (ii)

(c) (i), (ii) & (iv)

(d) (i), (ii), (iii) & (iv)

3) Buy RM100,000 worth of Proton Perdana by using bank loan would be recorded in the ledger accounts as?

(a) Dr. Proton Perdana 100K & Cr. Bank 100K

2. Dr. Proton Perdana 100K & Cr. Creditors 100K
3. Dr. Proton Perdana 100K & Cr. Long Term Loan 100K
4. Dr. Proton Perdana 100K & Cr. Short Term Loan 100K

4) Dividend will reduce ________________?

1. Owner Investment
2. Assets
3. Liabilities
4. None of the above