QUESTION 1 (25 MARKS) (a) In order to prepare to send his child to a medical school in future, Encik Ishak wants to accumulate RM1.5 million at the end of 15 years. Assuming that his savings account will pay 4.5% compounded annually, calculate how much he would have to deposit if: i. he wants to deposit an equal amount at the end of each year. […]
Posted: February 10, 2023
Question 1 a. Explain the main purpose of a trial balance. (2 marks) b. Explain the differences between a bad debt and a doubtful debt. Illustrate with the accounting treatment of each. (4 marks) c. State what is meant by the term ‘accounting policies’. (2 marks) d. Explain why both a debit entry and a credit entry are used to record each transaction. Give an […]
Posted: October 21, 2022
QUESTION 1 (25 MARKS) a) Najwa took a RM30,000 car loan from Mudah Bank. The bank charged Najwa 2.5%interest and requires her to pay at the end of each year for 4 years. Calculate theyearly repayment amount and complete the following loan amortization schedule. Year Beginning Value Repayment amount Interest paid Principal paid Ending Value 1 2 3 4 (10 marks) b) SejatiSdn. Bhd. had […]
Posted: October 11, 2022
You have been hired as a financial analyst by Maybank Berhad. Your task is to analyse the present financial condition of Petrox Berhad. You are provided with the following 2021 Statement of Financial Position and Statement of Profit or Loss information for Petrox Berhad. In addition, you are told that Petrox Berhad has 12,500,000 shares of ordinary shares outstanding, currently trading at RM11.25 per share, […]
Posted: September 19, 2022
