mac 2012(acc106) FINAL ACCOUNT gross profit 29490 net profit 9060 balance 183960 ADJUSTED CASH BOOK

bal c/d 107835 bal as per bank statement 105460 RATIO current ratio-2.51:1 acid test ratio- 1.73:1 inventories turnover ratio-3 times @ 2.61 times gross profit ratio-49.24% net profit ratio-35.58% account receivable collection period-60 days @ 59.52 days with Tirah AZmi. ACC 106

OCTOBER 2008 Q1)net profit : 63996 balance : 226 646 --------------------------------------Q2)i)price : RM 72000 painting name n logo : RM 450 plate number : RM 70 cost : 72 520 ii)10% x 72520 = 7252 c)causes of depreciation : - wear n tear = physical use up of fixed asset(rot,rust,decay) -obsolescene = out of date ,new technological advance -effluxion of time = passage of time -inadequacy = fixed asset becomes inadequate due to change in size of the firm or change in operation -fluctuation in price = money value of asset changes due to foreign exchaneg and change in price --------------------------------------Q3)a)i)bad debts -amount of debtors who are not able to settle their debt. -inability to pay is proven -deducted from the debtors account -recorded as an expense to the business -to record :dr bad debt Cr debtor ii)Doubtful debt -amnt of debtors who may not be able to settle their debt -an estimation -only the increase or decrease in estimation is recorded -to record:increase:Dr dobtful debt Cr AFDD decrease : Dr FDD Cr doubtful debt ii)trade discnt allowed:no double entry cash discount aalowed:Dr discnt allowed Cr debtors ---------------------------------------Q4)balance cash book: 11 576 ----------------------------------------Q5)gross profit margin : 42.85% net profit margin : 14.13% inventory turnevor ratio: 5.21 times current ratio : 1.39 : APRIL 2010 1.D 2.B 3.B 4.A 5.B 6.D 7.D 8.C 9.A ---------------------------------------------Q1) wat dlm bntuk ledger: 1/11 Dr bank 15 000 Cr capital 15 000 3/11 Dr debtor-sheila bambo 4 000 cr sales 4 000 5/11 Dr purchases 5 000 Cr creditor-medina 5 000 10/11 Dr delivery van 20 000 Cr creditor-Sri Benteng 20 000 15/11 Dr salaries 1 300 Cr bank 13 000 23/11 Dr drawing 500 Cr purchases 500 ----------------------------------------Q2)accumulated depreciation at 1/1/2009 i)machinery : RM 134 000 x 20% x3years=80 400 ii)m/vehicle : 267 000 x 20% x 4 years = 213 600 iii)o/equipmnt : yr1: 245000x10% = 24 500 yr2 : (245000-24500)x10% =22050 yr3 : (245000-46550)x10% = 19845 yr4 : (245000-66395)x10% = 17861 yr5: (245000-84256)x10% = 16074 iv)Total = 100 330 ----------------------Q3)gross proft : 164 720 net profit : 82 581 balance: 281 473 ------------------------------Q4)balance on cash book: 24 795 c)i)instructions to our bank to pay specified amount at a given dates ii)a cheque which has been sent but has not yet gon through the bank account of the receiver wit nur afiqah OCT 2009 ACC106 Q1. gross profit-79350 net profit-12718

balance-469568 Q2. A. 1.revenue expenditure 2.discount allowed 3.consistency concept 4.intangible asset 5.capital expenditure 6.matching concept Q4 gross profit rati0-75% net profit ratio-69.61% / 70% stock turnover ratio-5 closing stock-11500 avg stock-15750 current ratio-2.2:1 Q5 bal c/d 28667.04 bal as per bank statement-25812.04

APRIL 2011 Q3)b)-Revenue expenditure : are expenditure that are recorded as expenses and deducted from revenues on the current period income statement.It wil not increase the value of fixed assets. -Capital expenditure : produced economic benefits that do not fully expire before the end of the current period .It will increase the value of fixed assets .They are debitd to assets account and reported to the balance sheet. ------------------------------------------------------------------------------------Q5)i)dishonored cheques : cheques not valid due to insufficient funds or technical errors such as out of date. ii) unpresented cheque : are cheques issued by the business to customers but have not been presented at the bank iii) uncredited deposit : are receipts of cheques not banked into the bank yet.. with afiqah

oct 2009 acc106 1.c 2.c 3.D 4.B 5.D 6.A 7.B 8.B 9.D 10.A 11.C 12.B with

oct 2009 acc106 1.c 2.c 3.D 4.B 5.D 6.A 7.B 8.B 9.D 10.A 11.C 12.B with

ACC106 MARCH 2012 1.B 2.C 3.C 4.D 5.C 6.C 7.A 8.B 9.C 10.A

ACC106

APRIL 2011 1.A 2.D 3.D 4.D 5.D 6.C 7.D 8.B 9.B 10.A