BBAW2103 (SAMPLE 2)

PART A / BAHAGIAN A
INSTRUCTION / ARAHAN

Part A contains FIVE questions. Answer ALL.

Bahagian A mengandungi LIMA soalan. Jawab SEMUA.

QUESTION / SOALAN Marks /

Markah
1. Differentiate between closing entry and reversal entry.

Bezakan antara catatan penutup dan catatan pembalikan.

[4]

2. Identify which party will pay the transportation cost for a trading activity under the term FOB Shipping
Point and FOB Destination.

Kenal pasti pihak mana yang akan membayar kos pengangkutan bagi satu aktiviti perdagangan di bawah
terma FOB Titik Perkapalan dan FOB Destinasi.
[4]

3. Explain the characteristics of a trading company.

Terangkan ciri-ciri bagi sebuah syarikat perdagangan.

[4]

4. Explain the different types of financial ratios which can be used to evaluate the financial position and
performance of a firm.

Terangkan jenis-jenis analisis nisbah kewangan yang boleh digunakan untuk menilai kedudukan dan prestasi
kewangan sebuah syarikat.
[4]

5. Explain how First In First Out method (FIFO) affects the ending inventory value and the profit if the prices
of the inventory increase.

Terangkan bagaimana kaedah Masuk Dahulu Keluar Dahulu (MDKD) memberi kesan kepada nilai inventori
akhir dan keuntungan jika harga inventori meningkat.
[4]

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 BBAW2103 (SAMPLE 2)

PART B / BAHAGIAN B

INSTRUCTION / ARAHAN

Part B contains THREE questions. Answer TWO.

Bahagian B mengandungi TIGA soalan. Jawab DUA.

QUESTION / SOALAN Marks /

Markah
1. Afif Tuition Centre’s accounts balance at 30 June 2014 is as follows:

RM
Cash 13,450
Store supplies 4,140
Prepaid Insurance 2,200
Equipment 33,000
Accumulated Depreciation- Equipment 9,000
Accounts Payable 1,000
Wages Payable 3,200
Capital, Afif 26,090
Drawing, Afif 16,000
Service Revenue 62,000
Depreciation Expense 3,000
Store Supplies Expense 28,400
Insurance Expense 1,100

Prepare the income statement, statement of owner’s equity for the year ended 30 June 2014 and balance
sheet as at 30 June 2014 for Afif Tuition Centre.

Baki akaun-akaun bagi Pusat Tuisyen Afif pada 30 Jun 2014 adalah seperti berikut:

RM
Tunai 13,450
Bekalan Stor 4,140
Insurans Prabayar 2,200
Peralatan 33,000
Susut nilai Terkumpul- Peralatan 9,000
Akaun Belum Bayar 1,000
Upah Belum Bayar 3,200
Modal, Afif 26,090
Ambilan, Afif 16,000
Hasil Perkhidmatan 62,000
Belanja Susut nilai 3,000
Belanja Bekalan Stor 28,400
Belanja Insurans 1,100

Sediakan penyata pendapatan, penyata ekuiti pemilik bagi tahun berakhir 30 Jun 2014 dan lembaran
imbangan pada 30 Jun 2014 untuk Pusat Tuisyen Afif.
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 BBAW2103 (SAMPLE 2)

2. a) Financial and non-financial information are the main components in financial reporting for a business
entity. Provide some examples of non-financial information and discuss the importance of these non-
financial information.
(8)

b) Explain the financial statements that must be presented according to Malaysian Accounting Standard
Board. Briefly explain the minimum disclosures required in each of the financial statement.
(12)

a) Maklumat-maklumat kewangan dan bukan kewangan adalah komponen-komponen utama di dalam

pelaporan kewangan bagi sebuah entiti perniagaan. Berikan beberapa contoh maklumat-maklumat
bukan kewangan dan bincangkan kepentingan-kepentingan maklumat bukan kewangan ini.

b) Terangkan penyata-penyata kewangan yang perlu dipersembahkan berdasarkan Lembaga Piawaian

Perakaunan Malaysia. Terangkan secara ringkas pendedahan-pendedahan minimum yang diperlukan
dalam setiap penyata kewangan.
[20]

3. a) Explain the principles of good cash management to ensure that there is no surplus or shortage of cash
in business.
(10)

b) Discuss how to strengthen the internal controls for cash receipts over the counter and cash receipts by
mail.
(10)

a) Terangkan prinsip-prinsip pengurusan tunai yang baik untuk memastikan tiada lebihan atau kekurangan
tunai dalam perniagaan.

b) Bincangkan bagaimana mengukuhkan kawalan-kawalan dalaman untuk penerimaan tunai di atas

kaunter dan penerimaan tunai melalui mel.
[20]

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 BBAW2103 (SAMPLE 2)

PART C / BAHAGIAN C

INSTRUCTION / ARAHAN

Part C contains TWO questions. Answer ONE

Bahagian C mengandungi DUA soalan. Jawab SATU.

QUESTION / SOALAN Marks /

Markah
1. Fikri Sound Centre engaged in the following transactions during August 2014:

2014 August 3 Purchased inventory on credit terms of 1/10 n/eom, RM1,610, FOB shipping
point. The transportation cost of RM260 was charged and paid on the
purchase.
9 Returned 40% of the inventory purchased on 3 August. It was defective.
12 Sold inventory for cash RM920.
15 Purchased inventory of RM5,000. Credit terms were 3/15 n/30.
18 Sold inventory on credit terms of 2/10 n/30, RM2,000.
22 Received damaged inventory from the customer of the 18 August sale,
RM800.
25 Paid supplier for inventory purchased on 15 August, less the discount.
28 Received cash in full settlement of the account from the customer who
purchased inventory on 18 August, less the return on 22 August.

Prepare the journal entries for the above transactions using Periodic Inventory System

Pusat Bunyian Fikri terlibat dengan transaksi-transaksi berikut sepanjang Ogos 2014:

2014 Ogos 3 Membeli inventori secara kredit dengan terma kredit 1/10 n/hujung bulan,
RM1,610, FOB titik perkapalan. Kos pengangkutan RM260 telah di caj dan
dibayar atas belian tersebut.
9 Pulangkan 40% inventori yang dibeli pada 3 Ogos. Ianya telah rosak.
12 Menjual inventori secara tunai sebanyak RM920.
15 Membeli inventori sebanyak RM5,000. Terma kredit adalah 3/15 n/30.
18 Menjual inventori dengan terma kredit 2/10 n/30, RM2,000.
22 Menerima inventori yang rosak daripada pelanggan daripada jualan pada 18
Ogos, RM800.
25 Membayar pembekal bagi inventori yang dibeli pada 15 Ogos, tolak diskaun.
28 Menerima tunai bagi bayaran penuh daripada akaun pelanggan yang membeli
inventori pada 18 Ogos, tolak pulangan pada 22 Ogos.

Sediakan catatan-catatan jurnal bagi transaksi-transaksi di atas dengan menggunakan Sistem Inventori
Berkala.
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 BBAW2103 (SAMPLE 2)

2. The condensed balance sheet and income statement for Twister Berhad are as follows:
Twister Berhad
Balance Sheet
as at December 31
2012 2013
RM RM
Cash 20,000 25,000
Accounts Receivable 45,000 50,000
Other Current Assets 85,000 90,000
Investment 70,000 75,000
Plant and Equipment 370,000 400,000
590,000 640,000

Current Liabilities 80,000 75,000

Non-current Liabilities 85,000 80,000
Ordinary Shares, RM10 par 300,000 340,000
Retained Earnings 125,000 145,000
590,000 640,000

Twister Berhad
Income Statement
for the year ended December 31
2012 2013
RM RM
Sales 700,000 740,000
Less : Sales Return and Allowances 50,000 40,000
Net sales 650,000 700,000
Less : Cost of Goods Sold 400,000 420,000
Gross profit 250,000 280,000
Less: Operating Expenses 218,000 236,000
Net Income 32,000 44,000

a) Calculate the following ratios for the year 2013:

i. Current ratio
ii. Asset turnover
iii. Debt ratio
iv. Net profit margin
(12)

b) Based on the ratios calculated above, evaluate the performance of the company by comparing to the
industry average. The industry averages are as follows:

Current ratio 1.8: 1

Assets turnover 1.03 times

Debt ratio 0.1 times

Net profit margin 8.2%

(8)
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 BBAW2103 (SAMPLE 2)

Ringkasan lembaran imbangan dan penyata pendapatan bagi Twister Berhad adalah seperti berikut:

Twister Berhad
Lembaran Imbangan
pada 31 Disember
2012 2013
RM RM
Tunai 20,000 25,000
Akaun Belum Terima 45,000 50,000
Lain-lain Aset Semasa 85,000 90,000
Pelaburan 70,000 75,000
Loji dan Peralatan 370,000 400,000
590,000 640,000

Liabiliti-liabiliti Semasa 80,000 75,000

Liabiliti-liabiliti Bukan Semasa 85,000 80,000
Saham Biasa, RM10 par 300,000 340,000
Pendapatan Tertahan 125,000 145,000
590,000 640,000

Twister Berhad.
Penyata Pendapatan
bagi tahun berakhir 31 Disember
2012 2013
RM RM
Jualan 700,000 740,000
Tolak: Elaun dan Pulangan jualan 50,000 40,000
Jualan Bersih 650,000 700,000
Tolak: Kos Barang Dijual 400,000 420,000
Untung Kasar 250,000 280,000
Tolak: Belanja-belanja Operasi 218,000 236,000
Pendapatan Bersih 32,000 44,000

a) Kirakan nisbah-nisbah berikut bagi tahun 2013:

i. Nisbah semasa
ii. Pusing ganti aset
iii. Nisbah hutang
iv. Margin untung bersih

b) Berdasarkan kiraan nisbah-nisbah di atas, nilaikan prestasi syarikat tersebut berbanding dengan purata
industri. Purata-purata industri adalah seperti berikut:

Nisbah semasa 1.8: 1

Pusing ganti aset 1.03 kali

Nisbah hutang 0.1 kali

Margin untung bersih 8.2%

[20]

END OF QUESTION PAPER / KERTAS SOALAN TAMAT

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