BBCA1033 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
We offer complete assignment solutions for BBCA1033 Introduction To accounting assignments. Our expert team consists of professional assignment helpers who have the knowledge and experience to provide you with unmatched quality in completing your assignments. We provide you with a wide range of services to help you complete your assignment in the best possible way and within the set deadlines. From writing your assignment from scratch, editing and proofreading it, conducting research and providing reliable sources, we have all that you need for successful completion of your assignments.
Recent Solved Questions
- Nursing Assignment, UIM, Malaysia Describes the clinical evaluation process and outcome for creating a tool
- Biochemistry Assignment, UTHM, Malaysia Mr. Raman, a 54-year-old man was brought to the emergency department with unconscious level and increased respiratory rate
- DLL5064: School Effectiveness and Improvement Essay, MSU, Malaysia Identify the leaders in the curriculum at both the building and education. Identify and comprehend the importance
- Digital Copyright Law Essay, UM, Malaysia Tonton video bertajuk ‘Girl Raised by a Robot to Escape But Soon Finds the Truth About the Outside World’ oleh
- BFW3121: Investments and Portfolio Management Assignment, MUM, Malaysia The Malaysian stock market is a key economic indicator of the country’s overall economic health
- Discuss the importance of HRD programme evaluation for organisational success: Training And Development Assignment, UON, Malaysia
- Global Marketing Assignment, APU, Malaysia Based on the article given titled “Analysis of Iphone’s Marketing Strategy”, you are to evaluate/ analyze/ discuss
- BDPB2103: Introductory Human Resource Management Assignment, OUM, Malaysia Briefly discuss the advantages of training and development programs to an organization
- MOS639: Occupational Safety and Health Assignment, AeU, Malaysia Mr. Butch Clas, HR Director for SEA and ANZ at Dow Chemical, found out how healthcare and wellbeing initiatives help
- Financial accounting and Reporting 1 Report, UPM, Malaysia You have to select the latest annual report of any one of listed company in Malaysia
