Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

No. INVOI! KEN: PEMBOT SN Horse 24 Join Munich noon Melan- Tahoe-2312020 Turit: 16 .'l'ulal 2W5 10. In the book's of Kedai Komputer-Rubin . a

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
No. INVOI! KEN: PEMBOT SN Horse 24 Join Munich noon Melan- Tahoe-2312020 Turit: 16 .'l'ulal 2W5 10. In the book's of Kedai Komputer-Rubin . a total invoioe of RM240 for a display rack is recorded in the A B. C. D Cash Payments Journal Cash Reoeipts Journal Purchase Journal General Journal (1 mark) 11. Which of the following are the causes of change in partnership business? 53.093? a new partner is admitted. one of the partners chooses to retire. an existing partner is dead. land II II and III I and III I, Ii and Ill (1 mark) 12. Partners who do not take an active part in the running of business but liable tor the partnership debts are called . 53.093?" general partners sleeping partners limited liability partners hidden partners. (1 mark) Payment voucher transactions will appear in the A. General Journal. B. Cash Payments Journal. 0. Cash Receipts Journal. D. Purchases Journal. (1 mark) Received a credit note from a credit supplier for damaged goods amounted RM400 is recorded in A. The Return Outwards Journal B. The Purchases Journal 0. The Return Inwards Journal D. The Cash Receipts Journal (1 mark) Owner of a business withdrew cash for personal consumption is recorded in A Cash Receipts Journal B. Cash Payments Journal 0. General Journal D Purchase Journal (1 mark) Purchased some furniture worth RMQODOO on credit from Suria Auto Sdn Bhd is recorded in the A Purchase Journal 8. Purchase Ledger B. General Journal a General Ledger C. General Journal 8. Purchase Ledger D Purchase Journal 8. General Ledger (1 mark) This part consists of 15 of multiple-choice questions. Choose the most suitable answers. 1. The following are recorded in the general journal except A. purchases of non~current assets on credit. B. withdrawals of inventory for owner's own use. C. a credit note sent by the supplier. D. corrections of errors. (1 mark) 2. An invoice received from a supplier is recorded in A. Sales Journal. B. Purchases Journal. C. General Journal. D. Cash Payments Journal. (1 mark) 3. Which of the following is the correct statement about purchases iournal. A. The journal is used to record an invoice sent to customer. B. A motor van acquired on credit needs to be recorded in the journal. 0. It records inventory purchased on credit. D. None of the above. (1 mark) 4. A sale of an old computer on credit would be recorded in A. General Journal. B. Sales Journal. 0. Cash Receipts Journal. D. None of the above. (1 mark) 5. Choose the incorrect statement about lodgers. A. Purchases ledger contains accounts receivable personal accounts. B. Sales ledger records suppliers' personal accounts. 0. General ledger comprises of all accounts including accounts payable and accounts receivable personal accounts. D. All of the above. (1 mark) 13. Which of the following item is not reported in the statement of profit or loss? A. Salary expense B. Commission received C. Accrued electricity expense D. Carriage inwards (1 mark) 14. Which of the following item is not reported in the statement of financial position? A. Motor vehicles B. Investment C. Cash at bank D. Interest on bank loan (1 mark) 15. Which of the following classification is correct? A. Stationery Current asset B. Bank overdraft Current asset C. Office furniture Non-current asset D. Capital Current liability (1 mark) (Total: 15 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood

11th Canadian Edition Volume 2

0135359783, 978-0135359785

More Books

Students also viewed these Accounting questions

Question

8. What are the costs of collecting the information?

Answered: 1 week ago