Ben and Farrah are forming a partnership. Ben invests a building that has a market value of RM350,000; the partnership assumes responsibility for a RM125,000 note secured by a mortgage on the property. Farrah invests RM100,000 in cash and equipment that has a market value of RM75,000. For the partnership, the amounts recorded for Ben's Capital account and for Farrah's Capital account are:

Question 20 options:

Gourmet Cookware makes all sales on credit with 60% of the payment being received in the month of sale, 30% in the month following sale and the remaining 10% in the subsequent month. Budgeted sales are as follows: January RM100,000, February RM140,000, March RM120,000. The budgeted balance of debtors at 31 March is:

Question 21 options:

	RM74,000.
	RM62,000.
	RM120,000.
	RM48,000.