BBCA1033: Mr Zarid, a watch dealer, set up a shop by the name Syarikat Zn Watch Sdn Bhd on 1 March 2021: Introduction to Accounting Assignment, CUM, Malaysia
| University | City University Malaysia (CUM) |
| Subject | BBCA1033: Introduction to Accounting |
QUESTION 1
(a) Define the following term:
i. Allowance for doubtful debt.
ii. Accrued expenses.
ii. Residual value.
iv. Invoice
(b) The following are the rules of accounting that should be followed in the preparation of all accounts and financial statements. Discuss each of the following.
i. Accrual.
ii. Consistency.
iii. Prudence.
QUESTION 2
(a) Mr Zarid, a watch dealer, set up a shop by the name Syarikat Zn Watch Sdn Bhd on 1 March 2021. He brought in cash of RM100,000 and a used car, valued at RM30,000 for business use.
The following financial transactions occurred in March 2021.
QUESTION 3
(a) Prepare a trial balance in the books of Alan Sdn Bhd as of 31 December 2021.
(b) Describe TWO (2) types of errors that cause a trial balance to disagree.
(c) Classify each of the following, write R for revenue expenditure and C for Capital expenditure.
i. Replace a broken window in a factory.
ii. Installing an air conditioning system in a car used for business purposes.
iii. Payment for repairs of the refrigerator.
iv. Cost of preliminary test on a new machine.
(d) Goldenfox Sdn Bhd. purchased machinery for RM50,000 on 15 March 2019. Calculate the depreciation charged for 2019, 2020, and 2021 using the reducing balance method at 15% depreciation per year.
Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.
Get Help By Expert
If you need to hire MBA assignment help, then consult Malaysia Assignment Help. We provide top-quality BBCA1033: Introduction to Accounting assignments at a low cost. our experts work round the clock to offer accounting assignment help services. also, we have many written accounting samples of ACC116 Introduction To Cost Accounting Assignment, ACC106 Introduction To Financial Accounting And Reporting Assignment, AIS615 Accounting Information System Assignment, and AIS655 Accounting System Analysis And Design Assignment, etc. hurry and hire an online homework help service at a reasonable price.
Recent Solved Questions
- BBCE3013: Analyze and describe clearly the proposed issue or problem using appropriate tools or any relevant materials such as graphs: MALAYSIAN ECONOMY Assignment, OUM, Malaysia
- Discuss the tragedy happened in this movie from the point of view of the Domino Theory and Multiple Causation Theory: Occupational Safety and Health Management Report, OUM, malaysia
- Implement the counter using JK flip-flop, and assume that any unused states can be considered ‘don’t care states: Digital Electronics Assignment, SU, Malaysia
- CT010-3-1: Assume that the place you are living in has two (2) vaccination centers (VC1 and VC2) and they require a computer program to keep the records of all vaccination done:Python Programming Assignment, AUTI, Malaysia
- Discuss the steps to implement quality improvements in a manufacturing company: Quality management Report, UKM, Malaysia
- There will be activities administered throughout the semester at any time during lectures or tutorials: Psychology Assignment, MUM, Malaysia
- ECO162: Explain briefly the type of business, the background of the company, and the type of product produced: Microeconomics Assignment, UiTM, Malaysia
- Evaluate the local markets in light of stock markets, interest rates, currencies and commodities: Business, Accounting & Finance Assignment, FIC, Malaysia
- Nurses are the backbone of the healthcare industry. Nurses’ roles as patient advocates and skilled care providers will never: Healthcare Research Paper, IMC, Malaysia
- BMG306/03: In April 1992, EuroDisney first opened in Paris, France It later changed its name to Disneyland Paris: Introduction to International Business Case Study, WOU, Malaysia
