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Q2). Fill up the blanks. Accountants need to record the Business Transactions according to guidelines in which the guidelines are consistent with The guidelines will
Q2). Fill up the blanks. Accountants need to record the Business Transactions according to guidelines in which the guidelines are consistent with The guidelines will promote Objectivity concepts. (4 marks) Q3) Mak Munah sells nasi lemak everyday. She allows only cash sales. Her suppliers also demanded her to pay in cash. What concept does not suite her? (2 marks) Q4). As at 31 December 2020, ABC Sdn Bhd total sales for the year are RM300 million. Alex, the CEO of ABC Sdn Bhd, instructed the Company accountant to declare / record the Company sales at RM250 million only. The undeclared sales of RM50 million will be recorded next year. However, the accountant accidentally record the expenses associated with the undeclared sales. What are two (2) Accounting Principles that ABC Sdn Bhd did not follow? (4 marks)
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