16.The unadjusted trial balance shows Supplies balance RM3,500. By end of the year, the Supplies balance is RM1,700. The adjustment entry for Supplies is _______

• Debit: Supplies RM1,800 and Credit: Supplies Expense RM1,800
• Debit: Supplies Expense RM1,800 and Credit: Supplies RM1,800
• Debit : Supplies Expense RM1,800 and Credit: Cash RM1,800
• Debit: Supplies RM1,800 and Credit: Cash RM1,800

17.The utilities expense had been overstated by RM20. After correct the error, the amount of RM20 should be _________ in order to get net profit after correction.

• added
• deducted
• ignored
• no answer

18.Which of the following is not true about adjusting entry?

• It updates the assets and liabilities accounts
• The cash payment occurs after an expense is incurred
• It measure net income (loss) on the Statement of Profit or Loss
• It measure assets and liabilities on the Statement of Financial Position