Bookkeeping is included as part of the accounting process which is usually done by an accounting clerk. Identify the activities of bookkeeping:

i. Posting to ledgers

ii. Classifying business activities according to the categories

iii. Recording in journals

iv. Communicating the results to interested parties

a.i, ii, iii and iv

b.ii and iii

c.i, ii and iii

d.i and iii

2. The business bought a new motor vehicle on 1 January 2021 at a cost of RM80,000. It is the business policy to use reducing balance for all motor vehicle at the rate of 10% per annum. Calculate the carrying amount of the motor vehicle as at 31 December 2023.

a.RM64,000

b.RM15,200

c.RM16,000

d.RM64,800

3. A company recently bought an insurance policy that covers for a period of 12 months on 1 June 2021. The company paid RM9,000 for the policy. As at 31 December 2021 a ___.

a.prepaid expenses of RM3,750 shall be recognised in the statement of financial position

b.prepaid expenses of RM5,250 shall be recognised in the statement of financial position

c.insurance expenses of RM3,750 shall be recognised in the statement of profit or loss

d.accrued expenses of RM3,750 shall be recognised in the statement of financial position

4. A machine was bought at a cost of RM40,000 on 1 January 2021. The useful life of the machine is expected to be for 5 years with RM10,000 salvage value. Calculate the depreciation expenses for the year ended 31 December 2023.

a.RM6,000

b.RM12,000

c.RM18,000

d.RM24,000

5.The clerk realized that she made a mistake of including one additional credit entry in the accounting records which causes the accounts payable to be overstated by RM1,200. However, the trial balance shows the same total for debit and credit side. The possible reason for this to occur is ___.

a.the clerk missed one of the documents to be recorded

b.the mistake was in the original entry

c.the accounting clerk made more than one errors

d.there was a mistake in sorting the documents