Q7) Dividend will reduce ________________? (a) Owner Investment (b) Assets (c) Liabilities (d) None of the above

Q8) Buy RM100,000 worth of Proton Perdana by using bank loan would be recorded in the ledger accounts as? (a) Dr. Proton Perdana 100K & Cr. Bank 100K (b) Dr. Proton Perdana 100K & Cr. Creditors 100K (c) Dr. Proton Perdana 100K & Cr. Long Term Loan 100K (d) Dr. Proton Perdana 100K & Cr. Short Term Loan 100K

Q9) When will Company recognize Revenue and Expenses under Accruals concept? (i) Expenses Incurred (ii) Revenue Earned (iii) Revenue Paid (iv) Expenses Paid (a) (ii) & (iv) (b) (i) & (ii) (c) (i), (ii) & (iv) (d) (i), (ii), (iii) & (iv)

Q10) 2GC Sdn Bhd bought computer on account worth RM5,000. The next day 2GC pay the creditor in full. These transactions will: (a) Increase assets & reduce assets (b) Increase assets & increase liabilities (c) Increase assets & reduce liabilities (d) Reduce assets & reduce liabilities

Q11) Income tax expenses will reduce ________________. (i) Shareholders capital (ii) Net Profit (iii) Assets (v) Liabilities (a) (i) & (ii) (b) (i), (ii) & (iv) (c) (ii), (iii) & (iv) (d) (ii) & (iv)