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CONFIDENTIAL

BM/APR 2003/ACC100/
107/111/114/115

UNIVERSITI TEKNOLOGI MARA
FINAL EXAMINATION

COURSE

FINANCIAL ACCOUNTING

COURSE CODE

ACC100/107/111/114/115

DATE

25 APRIL 2003

TIME

3 HOURS (2.45 p.m - 5.45 p.m)

FACULTY

Business and Management / Administration and Law
Office Management and Technology
Information Technology and Science Computer

SEMESTER

December 2002 - May 2003

PROGRAMME/CODE

Diploma in Business Studies/BM111
Diploma in Banking / BM112
Diploma in Investment Analysis / BM114
Diploma in Business Studies (Insurance) / BM115
Diploma in Business Studies (Transport) / BM117
Diploma in Public Administration / AL110
Diploma in Office Management and Technology / OM114
Diploma in Science Computer / CS110
Diploma in Statistic / CS111
Diploma in Planting Industry Management/AS110
Diploma in Actuarial Science / CS112
Bachelor of Science (Hons) (Statistic) / CS221
Bachelor of Science (Hons) (Actuarial Science) / CS222
Bachelor of Science (Hons) (Intelligent System) / CS223
Bachelor of Science (Hons) (Business Computerization) / CS224 Bachelor of Science (Hons) (Data Communication and Network) / CS225
Bachelor of Science (Hons) (Information System Engineering) / CS226

1.

Answer ALL questions in the answer booklet.
Start each answer on a new page.
Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i)
the Question Paper
ii)
an Answer Booklet - provided bv the Faculty
iii)
an Objective Answer Sheet

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 10 printed pages
CONFIDENTIAL

CONFIDENTIAL

2

BM/APR 2003/ACC100/1077
111/114/115

SECTION A

This section consists of 10 multiple-choice questions. Choose the most suitable answer and shade the corresponding alphabet representing the answer in the multiple choice answer sheet provided.
1.

If the gross profit margin is estimated to be 35% on sales which is equivalent to RM200,000 , the Cost of Goods Sold would be
a.
b.
C.
d.

2.

In preparing the Bank Reconciliation Statement, which of the following items will not be used in updating the Cash Book?
a.
b.
c.
d.

3.

transferred to bad debt account
transferred to Profit and Loss account
deducted from the asset in the Balance Sheet
transferred to the asset account

Which of the following is revenue expenditure?

a.
b.
c.
d.
5.

Interest charges
Uncredited lodgement
Bank charges
Standing order

At the Balance Sheet date, the balance in the provision for doubtful debt account is to be
a.
b.
c.
d.

4.

RM571.429
RM471,429
RM371,429
RM70.000

purchase of a machine to be used in business
legal cost in purchasing property
depreciation of a motor vehicle
cost of renovation of building

Which of the following is not a nominal account?
a.
b.
c.
d.

sales account
depreciation account
bad debt account
provision for depreciation account

CONFIDENTIAL

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6.

decrease in asset
increase in liability
decrease in liability
increase in asset

Which of the following relationship cannot be derived from the accounting equation? a.
b.
c.
d.

10.

liquidity performance
the future increase of sales
profitability performance
the ability of debtors to pay up whenever credit sales are made

Recognizing accrued electricity expense in the Balance Sheet would result in a.
b.
c.
d.

9.

should not change its accounting period
must change its auditor from year to year
must follow the accounting policies with necessary changes if required should not change its accounting policies

Gross profit/sales ratio is used as an indicator for

a.
b.
c.
d.

8.

BM/APR 2003/ACC100/107/
111/114/115

The consistency concept means that a company
a.
b.
c.
d.

7.

3

Asset - Capital = Liability
Asset -...
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