Question
1)Bedah is entitled to receive a monthly salary of RM1,800 a month, respectively. Her monthly salary is to be paid on the 10th of the
1)Bedah is entitled to receive a monthly salary of RM1,800 a month, respectively. Her monthly salary is to be paid on the 10th of the following month, hence, as on 31 December 2019, her salary for December 2019 was not yet paid. Calculate the total of Bedahs salary to be recorded in the appropriation account for the year ended 31 December 2019. (1 mark) *
1 point
a)RM19,800
b)RM21,600
c)RM23,400
d)RM1,800
2)Based on the following information, Which of the following concerning interest on drawings of Bedah is TRUE? (1 mark) *
1 point
a)Credit appropriation account RM336
b)Debit appropriation account RM336
c)Debit appropriation account RM224
d)Credit appropriation account RM196
3)Based on the following information, calculate the total interest on drawings of Senah for the year ended 31 December 2019. (1 mark) *
2 points
a)RM432
b)RM249
C)RM3,928
d)rm285
4)Interest on closing capital balances is to be allowed at 10% per annum . On 31 August 2019, Bedah has brought in a massage chair into the business worth RM7,500. The opening balance of her capital was RM10,000. Which TWO (2) of the following are the correct working to calculate the interest on capital of Bedah in the appropriation account of the business for the year ended 31 December 2019? ( 1 mark) *
2 points
a)RM 10,000 x 10%
b)RM 7,500 x 10% x 4/12
c)RM 7,500 x 10% x 5/12
d)RM 27,000 x 10% x 4/12
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