Online Exam Question 31 Back Save & Next Total Answered: 0/40 Irama Trading uses the perpetual inventory system. On 1 July, the company purchased merchandise inventories on credit from Unggul Enterprise, listed prich RM1,400; trade discount 10%, terms 2/10, 1/30, FOB destination. On 8 July, the defective merchandise inventories amounting to RM360 was returned to Unggul Enterprise. On 10 July, Irama Trading paid Unggul Enterprise the total amount due What are the journal entries to record all the transactions on 1 July, 8 July and 10 July? Question 32 Which indicator does the current ratio measure? Penunjuk manakah yang nisbah semasa ukur? O Liquidity Kecairan O Profitability Keberuntungan O Efficiency Kecekapan Question 33 Which of the following credit terms is most advantageous to the buyer? Yang manakah antara terma kredit berikut paling berfaedah kepada pembeli? 1/10, n/30 O 2/10, n/30 05/10, n/30 Question 34 Selected information for Syarikat Berani is as follows: Cost of goods sold RM6,000,000 Average inventory RM2,000,000 Net sales (all credit) RM8,000,000 Average receivables RM2,000,000 Net income RM1,000,000 Assuming a 360-day business year, what was the inventory turnover ratio for Syarikat Berani? Adela Question 35 Back Save Selected information for Syarikat Bravo is as follows: Cost of goods sold RM6,000,000 Average inventory RM2,000,000 Net sales (all credit) RM8,000,000 Average receivables RM2,000,000 Net income RM1,000,000 Assuming a 360-day business year, what was the accounts receivable turnover ratio for Syarikat Bravo