BKAL 1013 CONFIDENTIAL 123 JUNE 2012 :2.30PM-5.30 PM (3 HOURS) : DMS, TE, OTSO, PMI, KYM, IKIP, & NEGERI This paper contains ONE HUNDRED (100) questions on TWENTY SEVEN (27) printed pages excluding the cover page. . You are required to answer ALL questions. }. Your answers are to be written on the OMR sheet provided. (in number) IDENTIFICATION CARD NO. : [ LECTURER : TABLE NO. : DO NOT OPEN THIS EXAMINATION PAPER UNTIL INSTRUCTEDBKALI013 BUSINESS ACCOUNTING MULTIPLE CHOICE QUESTIONS (100 MARKS: 180 MINUTES) Please choose the BEST answer. Please answer on the OMR sheet provided. 1, Accounting permits informed judgements and decisions by users of that information through the process of: A. Identifying B, Measuring Communicating All of the above 2. The primary objective of management accounting is: A, To serve the decision-making needs of internal users B_ To assist extemal users in analyzing an organization's activities C. To help Inland Revenue Board in tax assessment for companies D. To provide information to shareholders on the company's performance 3. is a professional body established to advance the theory and practice of accountancy, as well as to educate, train and assess by means of examination in all, aspects the accountancy profession in Malaysia. Malaysian Institute of Accountants (MIA) Malaysian Accounting Standards Board (MASB) Malaysian Institute of Certified Public Accountants (MICPA) Financial Reporting Foundation (FRF) goe> 4, A requirement for the financial statement information to be supported by independent, unbiased evidence other than someone's belief ot opinion is the: A. Business entity principle B. Objectivity principle Monetary unit principle D. _ Going-concem principle 5, Which of the following will increase owners’ equity? i, Revenue ii, Expenses iii, Withdrawal iv. Owner's investmentpopP BKALI0I3 BUSINESS ACCOUNTING i@ii ig&iv iii &iv All of the above If the amount of expenses, withdrawal and net income for the same accounting period ‘were RM200,000, RM10,000 and RM45,000, respectively, the revenue amount should be: A B. @ D. RM145,000 RM255,000 RMI5S,000 RM245,000 Financial statements should provide sufficient and relevant information to allow users to make knowledgeable business decisions. This statement implies the: pom > Full disclosure principle Matching principle Conservatism Going concern assumption If the liabilities of a business increased by RM45,000 during a period of time and the. owner's equity in the business decreased by RM20,000 during the same period, the assets of the business must have: yoe> Decreased by RM25,000 Decreased by RM65,000 Increased by RM25,000 Increased by RM45,000 Creditors’ claims on the assets of a company are: yow> Assets Equities Liabilities Withdrawal