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.
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
- Managing Information Assignment, IUMW, Malaysia Students are required to use their own company as an example to set up corporate entrepreneurship (CE)
- DCS20603: Web programming Assignment, MSU, Malaysia You Requires to create a complete web application using PHP script and RDBMS based on earlier tasks done
- Contract law Assignment, TP, Malaysia What you have learned? What is the takeaway? What are the skills acquired from this subject? Will you be using this skill in future
- Analyse the challenges for the business to go international using digital marketing and give suggestions to overcome the challenges: Digital Marketing, Assignment, Malaysia
- MEMB2044 Theory of Machines Semester 2 Assignment Malaysia
- Masters Business Administration Research Paper, UM, Malaysia The number of women in the workforce has grown over the years and more and more women have assumed leadership position
- Write SQL queries to answer the following questions. Use the information given in each table: Database Assignment, IIU, Malaysia
- Innovation management and new product development Assignment, APU, Malaysia Discuss the growth strategies in Ansoff s Matrix that can be opted to Influence the growth of the newly developed product
- BUS707: Strategic Direction Assignment, LIBT, Malaysia Critically analyze the current strategic aims and objectives of your chosen scenario/organization
- Business Ethics Essay, CU, Malaysia Having seen arguments concerning the various morally controversial issues, and the applications of the different ethical theories to them
