Which of the following documents are used as evidence of transactions for the purpose of accounting record? A Purchase order 6 B Sales order D Delivery order ? lmoice If an item of expense is not adjusted for accrual, which of the following is the most likely consequence? A The expense is understated 7 B The expense is overstated C The expense is correctly stared D The liability component in the balance sheet will be overstated 8 Which of the following journal entries suggests a reversal entry? Debit Accrual, Credit PrepaymentB C A Debit Expense, Credit Accrual Debit Accrual, Credit Cash D Debit Expense, Credit Prepayment The following are the benefits of migrating from cash-based accounting for the public sector except A cost savings B operational changes C transparency and accountability reporting 9 accounting to accrual -based D anti-fraud What is a main challenge facing the adoption of accrual-based accounting in the public sector in Malaysia? A Asset measurement methods, as certain types of assets and liabilities are peculiar to the 10 public sector B Creating awareness, reforming the legislature and regulatory structures, building capacity and competency, integrating the systems and better management of assets and liabilities C The need for mindset transformation of government employees D All of the above Structured Questions