1. The profit made by a business in 2020 was RM45, 400. The proprietor injected new capital of RM10, 200 during the year and withdrew a monthly salary of RM500. If net assets at the end of 2020 were RM95, 100, what was the proprietor's capital at the beginning of the year? A. RM55,700 B. RM45,500 C. RM90,900 D. RM140,500 2. Receipts from cash sales of RM9,500 were recorded incorrectly in the cash receipts journal as RM5,900. What entry is required in the depositor's accounts? A. Debit sales; credit cash B. Debit cash; credit receivable C. Debit cash; credit sales 3. D. Debit account receivable; credit cash Which accounting concept states that omitting or misstating this information could influence users of the financial statements? A. ABCD C. Consistency concept Accruals concept Materiality concept D. Going concern concept