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
- BTEE3013: Communication Systems Principles Assignment, TARC, Malaysia Recent development in the Internet of Things (IoT) has enabled many devices, either fixed or portable to be interconnected
- NWC4123: WebGoat is a deliberately insecure web application maintained by OWASP designed: Ethical Hacking Assignment, UPTM, Malaysia
- SQQSK1013 SCHOOL OF QUANTITATIVE SCIENCES A241 ELEMENTARY STATISTICS
- BBPR2103 External Recruitment Assignment: Case Study on HR Strategy at Organisation
- Theories and Contemporary Models in Visual Art Education Assignment, BCU, Malaysia Learning is a relatively continuing product of experiences that come out as a result of the interaction between the individua
- BTX5220: International Issues in Employment Law Coursework, MUM, Malaysia If individuals were employed solely on their ability to do the job, there would be no need for any anti-discrimination statutes
- Information Technology Assignment, OUM, Malaysia Imagine you are required to conduct a survey concerning the security awareness and competency in relation to Wireless LAN
- ENT600: Technology Entrepreneurship Case Study, UiTM, Malaysia A case study is an account of an activity, event, or problem that contains a real or hypothetical situation
- CGE665: Develop the transportation strategy with figures from well/processing unit to the gathering: Facilities Engineering Assignment, UiTm, Malaysia
- ECO2103: Principles of Microeconomics Essay, IIU, Malaysia The global spread of covid-19 impacts all the industries throughout the world
