Q30). ASSB paid liabilities for RM5,000 will result in (assuming other items remain the same)? (a) Equity decreased by RM5,000 and Assets decreased by RM5,000 (b) Assets decreased by RM5,000 and Liabilities decreased by RM5,000 (c ) Revenue decreased by RM5,000 and Assets decreased by RM5,000 (d ) Expenses decreased by RM5,000 and Assets decreased by RM5,000

Q31). Received telephone bills from Telekom Malaysia Berhad will be recorded in journals as? (a) Dr Telephone Charges and Cr Bank (b) Dr Telephone Charges and Cr Prepaid Telephone Charges (c) Dr Telephone Charges and Cr TMB (d) Dr TMB and Cr Telephone Charges

Q32) Chongs Brothers Sdn Bhd (CBSB) received RM5,000 from their debtors Jennifer & Sisters Sdn Bhd (JSSB). These transactions will be recorded in the journals as? (a) Dr CBSB and Cr JSSB (b) Dr Bank and Cr JSSB (c) Dr Bank and Cr CBSB (d) Dr CBSB and Cr Debtors

Q33) Buy computers on credit to be sold to the company customers will be recorded as? (a) Dr Purchases and Cr Bank (b) Dr Purchases and Cr Creditors (c) Dr Computers and Cr Bank (d) Dr Computers and Cr Creditors

Q34) As stated below, these are some of the purpose in preparing Trial Balance. Choose only the correct statement. (i) To check whether the business transactions have been accurately posted to each ledger account. (ii) To facilitate the accountant in preparing the financial statements (iii) To check whether debit balances equal credit balances (iv) To check whether any error has been made or not (a) (i), (ii) & (iii) (b) (i), (iii) & (iv) (c) (i), (ii), (iii) & (iv) (d) (i), (ii) & (iv)

Q35) Prepaid Expenses will be recorded in which section of Financial Statements? (a) Balance Sheet Current Assets (a) Balance Sheet Current Liabilities (b) Income Statement Overhead Expenses (c) Income Statement - Revenue

Q36) These are the accounts that will be transferred to Income Statement except for? (i) Commission Received. (ii) Commission Received in Advance (iii) Telephone Expenses (iv) Commission Paid (v) Accrued Bonus (a) (ii) & (iv) (b) (i), (ii) & (iv) (c) (ii) & (v) (d) (ii), (iv) & (v)

Q37) Makmur Jaya Sdn Bhd (MJSB) paid commission in advance on 1st July 2020 for RM1,200 via cash. The payment was made for one year. As at 31st December 2020, the adjustments that need to be recorded in MJSBs books are? (a) Dr Prepaid Commission RM1,200 and Cr Bank RM1,200 (b) Dr Commission RM1,200 and Cr Prepaid Commission RM1,200 (c) Dr Commission RM600 and Cr Prepaid Commission RM600 (d) Dr Commission RM600 and Cr Bank RM600