1-

Choose the appropriate term for: Sales not yet earned but has been collected in advance. *

1 point

Unearned revenue

Accrued revenue

Accrued expense

Prepaid expense

2- Salman Bhd bought a car costing RM90,000 on credit from Hebat Motor. What is the effect of this transaction? * 1 point Decrease in both, asset and liability Increase in both asset and liability Increase in liability and decrease in asset Increase in asset and decrease in liability

3- The following information is extracted from Tata Sdn Bhd. Determine its net income. Revenue RM150,000; Accounts receivable RM3,500; Expenses RM60,500; Accounts payable RM4,200; Capital RM270,000 * 1 point RM86,000 RM89,500 RM210,500 RM420,000

4- Which of the following is an asset for Mega Furniture Company? * 1 point Furniture freight charges from the factory Furniture used in the office Furniture repairs from customers Furniture brought in by owner for personal use

5- Abu invested RM50,000 into his business. Which of the following accounts are affected by this transaction? * 1 point Account payable and Cash Expense and Loan Bank and Capital Account receivable and Revenue