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c) Based on the following situations, state the accounting conventions that have been violated and discuss the proper treatment: Berdasarkan kepada situasi-situasi yang berikut, nyatakan
c) Based on the following situations, state the accounting conventions that have been violated and discuss the proper treatment: Berdasarkan kepada situasi-situasi yang berikut, nyatakan konvensi perakaunan yang telah dilanggar dan bincangkan tindakan yang sesuai: Owner's house rental expense is recorded as business expense. Belanja sewa tuan rumah direkodkan sebagai belanja perniagaan. Electricity bill for the month of December will be recorded as expense after the payment will be made on January. Bil elektrik bagi bulan Disember akan direkodkan sebagai belanja selepas pembayaran dibuat pada bulan Januari. The credit sales are only recorded in the Sales Account when payment has been made by customers. Jualan kredit hanya akan direkodkan ke dalam Akaun Jualan apabila pembayaran telah dibuat oleh pelanggan. A premise bought in January at RM1 million is recorded at RM1.5 million since the owner thinks the premise is worth RM1.5 million. Sebuah bangunan dibeli dalam bulan Januari pada harga RMljuta yang direkodkan pada nilai RM1.5juta, memandangkan pemilik bangunan berpendapat nilai banugunan terbabit adalah RM1.5juta. (10 marks) (iv)
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