Acc418
CONFIDENTIAL
AC/JAN 20121ACC418
UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION
COURSE
FINANCIAL ACCOUNTING ACC4I8 JANUARY 2012 3 HOURS
COURSE CODE
EXAMINATION TIME
INSTRUCTIONS TO CANDIDATES 1. This question paper consists of two (2) parts: Answer ALL questions from all two (2) parts: i) ii) 3. Answer PART A in the Objective Answer Sheet. Answer PART B in the Answer Booklet. Start each answer on a new page. PART A (10 Questions) PART B (4 Questions)
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) ii) iii) the Question Paper an Answer Booklet - provided by the Faculty an Objective Answer Sheet - provided by the Faculty
4.
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 9 printed pages
© Hak Cipta Universiti Teknologi MARA
CONFIDENTIAL
CONFIDENTIAL PART A
2
AC/JAN 20121ACC418
This part 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. Which of the following entries is correct? a. b.
C.
1.
d.
Increase in assets Decrease in liability Decrease in capital Increase in drawings
Credit assets account Credit liability account Debit capital account Credit drawings account (1 mark)
2.
Which of the following is not considered as drawings? a. b.
C.
d.
Withdrew cash for personal use Withdrew goods for personal use Withdrew cash from the bank for business use Withdrew asset from the business for personal use (1 mark)
ci
Mat Shah is a sole trader who sells electrical goods. The following purchases will be classified as inventories except the purchase of: a. b.
C.
d.
Motor vehicle Washing machine Refrigerator Oven
(1 mark)
4 Which of the following accounting equation is
AC/JAN 20121ACC418
UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION
COURSE
FINANCIAL ACCOUNTING ACC4I8 JANUARY 2012 3 HOURS
COURSE CODE
EXAMINATION TIME
INSTRUCTIONS TO CANDIDATES 1. This question paper consists of two (2) parts: Answer ALL questions from all two (2) parts: i) ii) 3. Answer PART A in the Objective Answer Sheet. Answer PART B in the Answer Booklet. Start each answer on a new page. PART A (10 Questions) PART B (4 Questions)
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) ii) iii) the Question Paper an Answer Booklet - provided by the Faculty an Objective Answer Sheet - provided by the Faculty
4.
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 9 printed pages
© Hak Cipta Universiti Teknologi MARA
CONFIDENTIAL
CONFIDENTIAL PART A
2
AC/JAN 20121ACC418
This part 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. Which of the following entries is correct? a. b.
C.
1.
d.
Increase in assets Decrease in liability Decrease in capital Increase in drawings
Credit assets account Credit liability account Debit capital account Credit drawings account (1 mark)
2.
Which of the following is not considered as drawings? a. b.
C.
d.
Withdrew cash for personal use Withdrew goods for personal use Withdrew cash from the bank for business use Withdrew asset from the business for personal use (1 mark)
ci
Mat Shah is a sole trader who sells electrical goods. The following purchases will be classified as inventories except the purchase of: a. b.
C.
d.
Motor vehicle Washing machine Refrigerator Oven
(1 mark)
4 Which of the following accounting equation is