Question 3 Consider the following two transactions in respect of Tanji Berhad whose financial year-end is 30 June 2020: (a) The business provides services on credit. During the period July 2019 through to May 2020 the company earned and received payments amounting to RM216,800. During June 2020 credit services amounting to RM26,900 were provided but not paid for. (b) There is a credit services of RM1,000 to one of the new customers, whom may not be possible to collect from the customer to whom service was sold on credit as he is untraceable. Required: What is the accounting period of the business referred in the case? What is this related concept? (5 marks) Apply the matching concept to calculate the amount of services to record as revenue during the year to 30 June 2020 and explain the nature of the service earned. (10 marks) (iii) Will the loss arising out of credit sale mentioned in point (c) be recorded in the books of account? Also state the accounting concept whichever applicable. (7 marks) (Total 22 marks)