6) Patrick owns a furniture shop. Which of the following is not a current asset for him? 1) Which document is issued by the store's manager on receipt of goods? A) Goods received note B) Purchase Order C) Receipt D) Debit note 2) Which document is required to be filled while depositing cash or cheque at the bank? A) Refund form B) Pay-in slip C) Cheques requisition form D) Remittance advice 3) Maxi Bhd has the following assets and liabilities. A) Wooden furniture B) Trade receivables C) Cash D) Vehicle 7) Henna started a business and brought in RM5,000 cash as capital hich of the following is the correct double entry to record this transaction? A) Dr Cash RM5000 Cr Capital RM5,000 B) Dr Non-current liability RM5,000 Cr Cash RM5,000 C) Dr Capital RM5,000 Cr Cash RM5,000 D) Dr Cash RM5,000 Cr Non-current asset RM5,000 RM RM 10,000Loans 1.000 8) (D) Cash at bank Land & Building Cash 4,000 (ii) Commission received 5,000 Payable 2,000 Receivable Inventory 3,000 What is the capital in the business? A) RM13,000 B) RM15,000 C) RM17,000 D) RM14,000 (iii) Trade receivables (iv) Patents (v) Bank overdrafts (vi) Trade payables Which of the following Assets and Liability classifications is correct? A) Asset(i), (ii) and (iii) Liability (iv), (v) and (vi) B) Asset() (ii) and (iv) Liability (iii), (v) and (vi) C) Asset(1. (iii) and (iv) Liability (v) and (vi) D) Asset(1). (iii) and (vi) Liability (ii) and (v) 9) When purchasing a machine, this item will be treated as capital expenditure and posted to: A) Balance sheet Cash flow statement c) Bank account D) Income statement 10) Which of the statements below best describe a statement of account? A) It is prepared by the purchaser and given along with the payment B) It is issued by the receiver, to the payer, acknowledging receipt of payment. C) It details the transactions taken place between two parties during the period of time. D) A document prepared by the seller detailing the goods bought by a purchaser on the statement date. B) Cor 4) Which of the following correctly sets out the accounting equation? A) Net assets = Capital - Profit + Drawings B) Net assets = Capital - Profit - Drawings C) Net assets = Capital + Profits - Drawings D) Net assets = Capital + Profits + Drawings 5) Which of the following is a capital expenditure? 1) Wages paid to machine operator. 2) Expense on electric power used to run machine. 3) Rent of the premise where machine is placed. 4) Carriage paid on purchase of machine. A) Expense on electric power used to run machine. B) Carriage paid on purchase of machine. C) Rent of the premise where machine is placed. D) Wages paid to machine operator 11) Puma Cars, a car dealership, purchased twelve cares for RM1,500 each from TM Motors Bhd. However, three cars were damaged and therefore were not accepted. They were sent back to TM Motors. TM Motors Bhd will issue a to Puma Cars in order to show acceptance of the complaint and the refunded money. A) Credit note B) Invoice C) Debit note D) Remittance advice