SULIT PART B This part contains SIX (6) questions. Answer ALL questions in Answering Booklet. QUESTION 1 Explain two (2) types of internal control. SHP/DECEMBER2021/DHM2103 (4 marks) II. Give are five (5) elements of internal control. Give one (1) principles for each elements (5 marks) QUESTION 2 a. For a one-month operation, the operation of Statesman Hotel has recorded the following amounts: room revenues RM150,000, room allowances RM2,400, food sales RM78,000, food allowance RM5,200 and cost of food held for sale RM25,300. Compute the gross profit. (6 marks) b. Assume a hospitality operation uses the gross method for recording invoice and treats discounts as nonrevenue items. An invoice for storeroom fridge provisions totaling RM700 is received at 3 October 2021. The credit terms are 2/10, n/30. 1. Record the receipt of the invoice (2 marks) II. Record the payment of the invoice if paid at 15 October 2021 (3 marks) iii. Record the payment of the invoice if paid at 10 October 2021 (5 marks) SULIT