A company has a financial year end of 31 March 2021. At 31 March 2020, the company had an accrual for electricity of RM500. During the year to 31 March 2021, the company paid electricity bills of RM1,500, RM1,350, RM1,100 and RM1,750. At 31 March 2021 the directors estimated that they had a liability for electricity used but not invoiced to the company of RM750. What is the expense charge for electricity that the company should recognize in its statement of profit or loss for the year 1 April 2020 to 31 March 2021?

Group of answer choices

A. RM5,950

B. RM5,700

C. RM5,450

D. RM7,000

Equipment was purchased on 1.1.20X1 for RM25,000 and is to be depreciated at 20% reducing balance. What would be the net book value of the asset as at 31.12.20X2?

Group of answer choices

A. RM20,000

B. RM16,000

C. RM15,000

D. RM14,000