1.

For the following question, please refer to Case Study 1 (refer to Times main page).

Calculate the total current liabilities.

Select one:

a. RM42,426

b. RM32,246

c. RM42,246

d. RM32,426

2.

For the following question, please refer to Case Study 1 (refer to Times main page).

How much is the net account receivables after adjustments?

Select one:

a. RM25,150

b. RM21,817

c. RM25,510

d. RM22,350

3.

For the following question, please refer to Case Study 1 (refer to Times main page).

Compute total depreciation expenses for the current year for all non-current assets.

Select one:

a. RM19,000

b. RM22,117

c. RM16,275

d. RM55,477

4.

For the following question, please refer to Case Study 1 (refer to Times main page).

Calculate the total operational expenses.

Select one:

a. RM104,651

b. RM104,118

c. RM100,785

d. RM101,318

5.

For the following question, please refer to Case Study 1 (refer to Times main page).

Calculate the gross profit.

Select one:

a. RM24,864

b. RM30,797

c. RM32,122

d. RM36,158

6.

For the following question, please refer to Case Study 1 (refer to Times main page).

Calculate the net motor vehicles after adjustment.

Select one:

a. RM20,780

b. RM17,663

c. RM26,345

d. RM49,040

7.

For the following question, please refer to Case Study 1 (refer to Times main page).

Calculate the net sales.

Select one:

a. RM62,320

b. RM56,959

c. RM22,242

d. RM29,500

8

For the following question, please refer to Case Study 1 (refer to Times main page).

Compute the closing capital.

Select one:

a. RM72,095

b. RM23,070

c. RM166,471

d. RM14,345

9.

For the following question, please refer to Case Study 1 (refer to Times main page).

Calculate the total non current assets.

Select one:

a. RM71,065

b. RM71,056

c. RM66,703

d. RM72,095

10.

For the following question, please refer to Case Study 1 (refer to Times main page).

Compute the net profit.

Select one:

a. - RM58,988

b. - RM55,122

c. - RM58,455

d. - RM55,655

John is the owner of Excel Machines Enterprise which sells printers and photocopy machines. The shop is located in Kuala Lumpur. The following information has been extracted from the ledgers as at 31 December 2021. You are required to prepare financial statements for the year ending 31 December 2021 and answer the following questions. On 31 December 2021, these are the additional information: a) Inventory was valued at RM5,861. b) Actual salary expenses for a year is RM60,000. c) Motor vehicles are depreciated at 15% using reducing balance method and machineries are depreciated at 20% using straight line method. d) The allowance for doubtful debts is RM3,866