Business Accounting (BAAB1014) September 2023 Final Examination CONFIDEN There are THREE (3) questions in this question paper. Answer ALL questions in the exam booklet. (50 MARKS) Question 1 The following balances were extracted from the books of MajuJaya Enterprise on 31 December 2022.

Bushess Accounting (BAAB t014) September aoza Final Erammaton CONFEEN There are THREE (3) questions in this question paper. Answer ALL questions in the exam booklet. (50 MARKS) Question 1 The following balances were extracted from the books of Majulaya Enterprise on 31 December 2022. Additional information: 1. Inventory as of 31 December 2022, RM 18,180 2. Depreciation for the year ended 31 December 2022 has yet to be provided as follows: a. Fixtures \& fittings: 10% using straight-line method b. Motor vehicles: 15% using reducing balance method. 3. Electricity bills were paid in advance by RM500. Meanwhile, the RM400 commission has not been received yet. 4. One of the customers Anthony, was declared bankrupt and unable to pay the debt amount of RM700 5. The provision for doubtful debts is to be adjusted to 5% based on remaining account receivables. 6. RM140 salaries have not been paid. 7. 'Purchases' include goods valued at RM1,040 that were withdrawn by owner, Azreen for her personal use