Template Answer Script For Test 1 ACC117 PDF

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CONFIDENTIAL 1 AC/OCT2021/ACCUNIVERSITI TEKNOLOGI MARAAnswer TemplateNAME PERPETUA LEMAN ANAK JOHNSTUDENT ID 2021881422GROUP BA1111CLECTURER’S NAME Miss Shafinaz Lyana Binti Abu TalibPART A1 FALSE2 FALSE3 TRUE4 FALSE5 TRUE6 FALSE7 TRUE8 TRUE9 TRUE10 FALSEPART B1 B2 C3 C4 C5 C6 A7 B8 D9 B10 B© Hak Ci...

Description

CO

L

1

AC/OCT2021/ACC117

UNIVERSITI TEKNOLOGI MARA Answer Template

NAME

PERPETUA LEMAN ANAK JOHN

STUDENT ID

2021881422

GROUP

BA1111C

LECTURER’S NAME

Miss Shafinaz Lyana Binti Abu Talib

PART A 1 FALSE 2 FALSE 3 TRUE 4 FALSE 5 TRUE 6 FALSE 7 TRUE 8 TRUE 9 TRUE 10 FALSE PART B 1 B 2 C 3 C 4 C 5 C 6 A 7 B 8 D 9 B 10 B

© Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL

CONFIDENTIAL

2

AC/OCT2021/ACC117

PART C Example: October 30 Paid RM100 for telephone bill by cash. Date

Assets

30 Oct

- Cash

Liabilities

Revenues

Owner’s Equity

Expenses + Telephone bills

Double Entry Debit Credit Telephone Cash bills

Answers: Date 1 Oct

Assets

Liabilities

10

12

Owner’s Equity +RM40 000 Capital

+RM12 000 Purchase

+RM12 000 Creditor Elsa Frozen Food +RM6 000 Sales

+RM6 000 Debtor Maria -RM800 Debtor Maria -RM5 500 Cash +RM5 500 Office Equipment

+RM800 Return Inwards

3

-RM4 500 Bank

Creditor Elsa Frozen Food

Debtor Maria

Sales

Return Inwards

Debtor Maria

Office Equipment

Cash

Salary

Bank

Drawing

Purchase

AC/OCT2021/ACC117

+RM4 500 Salary -RM1 300 Purchase

27

+RM1 300 Drawing

b. Journal entry Example: October 30 Paid RM100 for telephone bill by cash. Date a. Effects b. Journal Entry Increase Decrease Debit Credit October 30 Expenses Asset Telephone bill Cash a. Effects

October 1

Increase Assets

Decrease Owner’s Equity

7

Expenses

Liabilities

9 10 12 25 27

Assets Expenses Assets Expenses Owner’s Equity

Revenues Assets Assets Assets Expenses

© Hak Cipta Universiti Teknologi MARA

Purchase

CONFIDENTIAL

CONFIDENTIAL

Date

Double Entry Debit Credit Furniture Capital Cash

© Hak Cipta Universiti Teknologi MARA

25

Expenses

+RM10 000 Furniture +RM30 000 Cash

7

9

Revenues

b. Journal Entry Debit Credit Capital Furniture Cash Purchase Creditor Elsa Frozen Food Debtor Maria Sales Return Inwards Debtor Maria Office Equipment Cash Salary Bank Drawing Purchase

CONFIDENTIAL...