SULIT 2 AUSEPT 97ACC 1001 OS 107114101111 SECTION A Question 1
SULIT
AUSEPT97/ACC100/
105/107/114/101/111
INSTITUT TEKNOLOGI MARA
KAJIAN PERNIAGAAN DAN PENGURUSAN
KAJIAN PENGURUSAN HOTEL DAN PELANCONGAN
KAJIAN SAINS KESETIAUSAHAAN
KAJIAN PENTADBIRAN DAN UNDANG-UNDANG S
KAJIAN TEKNOLOGI MAKLUMAT DAN SAINS KUANTITATIF
PEPERIKSAAN SEMESTER MEI - OKTOBER 1997
SARJANA MUDA PENTADBIRAN PERNIAGAAN {PENGANGKUTAN}
DIPLOMA PENGAJIAN PERNIAGAAN (INSURAN)
DIPLOMA ANALi: ;A PELABURAN
DIPLOMA PENGURUSAN BANK
DIPLOMA PENGAJIAN PERNIAGAAN
DIPLOMA PENGURUSAN PEMAKANAN
DIPLOMA PENGURUSAN PELANCONGAN
DIPLOMA PENGURUSAN HOTEL
DIPLOMA KESETIAUSAHAAN EKSEKUTIF
DIPLOMA PENTADBIRAN AWAM V
DIPLOMA SAINS KOMPUTER
DIPLOMA SAINS AKTUARI
DIPLOMA STATISTIK
>: 100000
MATA PELAJARAN
FINANCIAL ACCOUNTING
KOD MATA PELAJARAN
ACC 100/105/107/114/101/111
TARIKH
29 SEPTEMBER 1997
MASA
;j JAM (9.00 - 12.00 T/HARI)
ARAHAN KEPADA CALON:
1.
Jawab SEMUA soalan.
2.
Jawapan bagi tiap-tiap soalan hendaklah dimulakan di muka surat yang baru.
3.
Calon-calon tidak dibenarkan membawa barang-barang masuk ke bilik
peperiksaan kecuali dengan kebenaran pengawas bertugas.
JANGAN BUKA KERTAS SOALAN SEBELUM ANDA DIARAH BERBUAT DEMIKUN
Kertas soalan ini mengandungi 19 halaman yang dicetak
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AUSEPT 97/ACC 100/1 OS/
107/114/101/111
SECTION A
Question 1
Choose the correct answer.
1.
Accounts often need to be adjusted because
A.
B.
C.
D.
2.
3.
4.
there are never enough accounts to record all the transactions.
many transactions affect more than one accounting period.
there are always errors made in recording transactions..
management cannot decide what they want to report.
Depreciation is a process of
A.
B.
C.
asset devaluation
cost accumulation
cost allocation
D.
asset valuation
Rahim Enterprise has net sales of RM 240,000 and a gross profit of RM 60,000.
What is the opening stock if net purchases are RM 170,000 and closing stock is
RM 40,000 ?
A.
RM 50,000
B.
C.
D.
RM 60,000
RM 40,000
RM160.000
Making provision for doubtful debts is based on the
A.
Business entity concept
B.
Going concern concept
C.
D.
Prudence concept
Materiality concept
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AUSEPT 97/ACC100/105/
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On 1 January 1993, Syarikat Antik purchased a machine costing RM 75,000.
It's estimated useful life is 10 years. Its estimated residual value would be
RM5.000.
On 31 December 1996, what would be the accumulated
depreciation?
A.
.
6.
RM 7,000
B.
RM 28,000
C.
D.
RM 47,000
RM 68,000
In preparing a bank reconciliation statement, which of the following items will not
be used in updating the cash book.
7.
8.
9.
A.
B.
Interest charges
Unpresented cheque
C.
D.
Bank charges
Standing order
Which of the following is capital expenditure ?
A.
Depreciation of machinery
B.
C.
D.
Electricity expenses
Cost of extension to building
Repair expenses
All of the following are true about cash discount except:
A.
To encourage customers to pay promptly
B.
C.
To encourage customers to buy in large quantity
It is received / given for credit purchases / sates only
D.
It is usually valid for a specified period only.
A cheque received, but not yet recorded in the bank statement is called
A.
B.
C.
D.
Unpresented cheque
Standing order
Uncredited cheque
Dishonoured cheque
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10.
A current asset is
A.
B.
C.
D.
an asset which is currently being used to produce a product or service
the latest asset purchased by a business
expected to be realized in cash, sold or consumed within one year of the
balance sheet or the company's operating cycle, which ever is longer
usually found as a separate classification in the income statement.
(10 marks)
Question 2
Why is the Net Profit figure stated in the Balance Sheet at year end different from the
Cash and Bank Balance available on the same date?
(4 marks)
Question 3
Explain the following ratios:
a.
Net profit as a percentage of sales
b.
Current Ratio
c.
Stock Turnover
(6 marks)
Question 4
Briefly explain Capital Expenditure and Revenue Expenditure.
(4 marks)
(Total: 24 marks)
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AL/SEPT 97/ACC100/105/
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SECTION B
Question 1
The following information was extracted from Suria Enterprise for the year ended 31
August 1997.
RM
Capital (1 September 1996)
Vehicle
Freehold Premises
41,000
22,000
19,750
Stock (1 September 1996)
16,248
Cash
Purchases
9,500
84,590
Sales
Bad debts
Debtors
108,450
400
14,000
Creditors
Insurance
Mortgage on Premises
Provision for depreciation : Vehicle
Rent Revenue
Wages and Salaries
6,000
125
16,000
2,200
1,500
6,500
Carriage inwards
Carriage outwards
Advertising
Interest on mortgage
400
437
2,500
200
Return outwards
Unit Trusts
3,000
1,500
Additional information :-
1.
Stock as at 31 August 1997 RM12.900
2.
Prepaid insurance was RM25
3.
Interest on mortgage accrued on 31 August 1997 is RM100
4.
Interest on Unit Trusts not received yet RM150
5.
Depreciation is to be provided on vehicles at 10% per annum on cost.
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6.
Provision for doubtful debt is 2% on existing debtors.
7.
Ali took RM1,000 to pay his wife's hospital bill.
8.
Rent Revenue for September, October and November 1997 amounting to
RM300 already received in advanced.
Required :
a.
Prepare a Trading and Profit and Loss account for the year ended 31 August
1997.
(14 marks)
b.
Draw up a Balance Sheet as at that date.
(13 marks)
(Total : 27 marks)
Question 2
1.
Suria commenced business on 1 January 1994. At year end 31 December
1994, irrecoverable debts amounting to RM280 were written off. In addition, he
found its necessary to create a provision for doubtful debts of RM480.
During the year ended 31 December 1995, amount totalling RM420 proved to
be bad and were written off. The total of debtors' outstanding account at 31
December 1995 was RM13,800 (after bad debts had been written off). It was
decided to provide for doubtful debts up to 5% of debtors.
In 1996, RM1.800 debts were written off during the year. As at 31 December
1996 total debts outstanding were RM12.000 (after bad debts had been written
off). The provision for doubtful debts is to be maintained at 5% of debtors.
You are required to show for the years 1994, 1995 and 1996 :
a)
Bad debts account;
b)
Provision for bad debts account;
c)
Extract from profit and loss account and the balance sheet as at 31
December 1996.
(Total: 10 marks)
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Question 3
The Cash Book of Kedai WAWASAN as at 28 February 1997 is as follows :
CASH BOOK (Bank Column)
Receipts
RM
10,400
Balance b/d
Payments
Balance c/d
10,400
RM
570
4,230
5,600
10,400
On receiving the Bank Statement, the owner of Kedai Wawasan, Puan Sari, discovered
the following differences between the Cash Book (Bank Column) and the Bank
Statement >
1.
The business incorrectly recorded the opening balance as RM570. The correct
figure should have been RM750.
2.
Cheques received amounting to RM2,500 had not yet been recorded in the
bank statement.
3.
Bank charges amounting to RM50 was shown in the bank statement but this
was not yet recorded in the cash book.
4.
The bank had recorded a cheque paid out for RM300 as a cheque paid out for
RM800.
5.
A cheque, amounting to RM3,000 paid to a creditor of the business had not yet
been presented to the bank for clearance.
6.
The bank had recorded a credit transfer of RM400 for the business.
business has not yet recorded this receipt in its cash book.
The
7.
The bank has paid out RM220 as a standing instruction from Puan Sari. No
record has been made in the Cash Book.
8.
The business has recorded a cheque received amounting to RM210 as a
cheque paid out.
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AUSEPT 97/ACC100/105/
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9.
A cheque of RM280 which was recorded as a receipt in the cash book was
returned to the business by the bank, stamped with the words 'insufficient
funds'.
You are required to prepare:
(i)
a)
b)
the adjusted Cash Book (Bank Column) and
the Bank Reconciliation Statement as at 28 February 1997.
(13 marks)
(ii)
Explain two (2) reasons why the balances of the Cash Book and the Bank
Statement are different.
(3 marks)
(Total : 16 marks)
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AL/SEPT 97/ACC100/105/
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SUL1T
Question 4
On 31 May 1995, the extract of the Balance Sheet of Progressive Trading showed the
following information :
ASSETS
COSTS
(RM)
Plant & machinery
Furniture & Fittings
Motor Vehicles
ACCUMULATED
DEPRECIATION
(RM)
BOOK VALUE
(RM)
14,000
12,000
56,000
68,000
90,000
70,000
80,000
150,000
60,000
During the year ending 31 May 1996 and 31 May 1997, Progreessive Trading bought
the following assets and paid by cheque.
TYPE OF ASSETS
Motor Vehicles
AMOUNT (RM)
DATE PURCHASED
45,780
(Including road tax for one
31 July 1995
year RM780)
Plant & Machinery
29,000
23 December 1995
(Excluding insurance during
transit RM1,000)
Motor Vehicles
Furniture & Fittings
36,000
8 May 1996
45,000
7 November 1996
(Including the transportation
costs to the business
premises RM800)
Plant & Machinery
40,000
20 April 1997
(Including installation cost
RM2.400)
Depreciation for Motor Vehicles is at 20% per annum on book value. The Furniture &
Fittings and Plant & Machinery is depreciated at the rate of 10% and 15% per annum
respectively on cost.
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AUSEPT 97/ACC100/105/
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Required :
a)
Prepare the following for the year ended 31 May 1996 and 1997.
i)
All fixed assets accounts
ii)
Provision for depreciation account for Plant & Machinery,
Furniture & Fittings and Motor Vehicles respectively
iii) Balance Sheet extract as at 31 May 1996 and 31 May 1997
(19 marks)
b)
Discuss four causes of depreciation.
(4 marks)
(Total: 23 marks)
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AUSEPT 97/ACC100/105/
BAHAGIAN A
Soalan 1
Pilih jawapan yang betul.
1.
Akaun perlu dibuat pelarasan kerana
A.
B.
C.
D.
2.
Susutnilai adalah satu proses
A.
B.
C.
D.
3.
penurunan nilai aset
pengumpulan kos
pengagihan kos
penilaian aset
Rahim Enterprise mempunyai jualan bersih sebanyak RM 240,000 dan untung
kasar RM 60,000. Berapakah nilai stok awal syarikat itu jika belian bersih
adalah RM170,000 dan stok akhir berjumlah RM 40,000?
A.
B.
C.
D.
4.
ketidakcukupan akaun untuk merekodkan semua urusniaga
kebanyakan urusniaga melibatkan lebih daripada satu
jangkamasa perakaunan
banyak kesilapan yang dibuat datam perekodan urusniaga
pihak pengurusan tidak pasti tentang apa yang hendak dilaporkan
RM
RM
RM
RM
50,000
60,000
40,000
160,000
Peruntukan ke atas hutang ragu disediakan berdasarkan
A.
B.
C.
D.
Konsep
Konsep
Konsep
Konsep
entity perakaunan
Perniagaan Berterusan
Ketelitian
Kematanan
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5.
Pada 1 Januari 1993, Syarikat Antik telah membeli sebuah mesin berharga
RM75,000. Jangkahayat aset terse but adalah selama 10 tahun. Aset tersebut
dijangka mempunyai nitai residual sebanyak RM5,000. Berapakah susutnitai
terkumpul yang ada pada 31 Disember 1996?
A.
B,
C.
D.
6.
Dalam penyediaan penyata penyesuaian bank, yang manakah di antara berikut
tidak akan digunakan untuk mengemaskini buku tunai.
A.
B.
C.
D.
7.
8.
Caj Faedah
Cek belum dikemukakan
Caj bank
Arahan tetap
Manakah di antara berikut merupakan belanja modal?
A.
B.
Susutnilai mesin
Perbelanjaan Elektrik
C.
D.
Kos penambahan kepada bangunan
Belanja membaiki
Semua yang berikut adalah benar mengenai diskaun tunai kecuali
A.
B.
C.
D.
9.
RM 7,000
RM 28,000
RM 47,000
RM 68,000
Untuk menggalakkan pelanggan membayar segera
Untuk menggalakkan pelanggan membeli dalam kuantiti yang besar
Diterima atau diben untuk belian/jualan kredit sahaja
lanya sah hanya untuk masa tertentu sahaja
Sekeping cek yang diterima tetapi belum direkodkan oleh bank di dalam
penyata bank adalah
A.
B.
C.
Cek yang belum dikemukakan
Arahan tetap
Cek yang belum dikreditkan
D.
Cek tak layan
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AL/SEPT 97/ACC100/105/
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Aset Semasa ialah
A,
B.
aset yang digunakan oleh pemiagaan untuk membantu dalam
pengeluaran produk atau perkhidmatan
aset yang paling baru dibeli oleh perniagaan
C.
aset yang boleh ditukarkan kepada tunai, dijual atau digunakan dalam
D.
satu tahun perniagaan.
mempunyai klasifikasi yang berasingan di dalam penyata pendapatan
(10 Markah)
Soalan 2
Mengapakah jumlah Untung Bersih yang dicatit dalam Kunci Kira-Kira pada akhir tahun
berbeza dahpada jumlah baki tunai dan bank pada tarikh yang sama?
(4 markah)
Soalan 3
Jelaskan nisbah-nisbah berikut:
a.
Untung Bersih atas peratus jualan
b.
Nisbah semasa
c.
Pusingan Stok
(6 markah)
Soalan 4
Terangkan secara ringkas berkenaan Perbelanjaan Modal dan Perbelanjaan Hasil.
(4 makah)
(Jumlah : 24 markah)
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BAHAGIAN B
Soalan 1
Maklumat berikut telah dipetik dari Suria Enterprise untuk tahun berakhir 31 Ogos
1997.
Modal (1 September 1996)
RM
41,000
Kenderaan
Bangunan
Stok {1 September 1996)
22,000
19,750
16,248
Tunai
Belian
Jualan
Hutang lapuk
9,500
84,590
108,450
400
Penghutang
14,000
Pemiutang
Insuran
Cagaran atas Bangunan
Peruntukan susutnilai : Kenderaan
Hasil sewa
Gaji dan Upah
6,000
125
16,000
2,200
1,500
6,500
Angkutan masuk
Angkutan keluar
iklan
Faedah atas cagaran
400
437
2,500
200
Pulangan keluar
3,000
Amanah saham
1,500
Maklumat tambahan :-
1.
Stok pada 31 Ogos 1997 adalah RM12.900.
2.
3.
Insuran prabayar adalah RM25.
Faedah atas cagaran yang belum dibayar pada 31 Ogos 1997 berjumlah
RM100.
4.
5.
6.
Faedah dari Amanah Saham yang belum ditenma RM150.
Susutnilai bagi kenderaan hendaklah diperuntukkan pada kadar 10% atas kos.
Peruntukan hutang ragu adalah 2% atas baki penghutang.
7.
Ali keluarkan RM1.000 untuk bayaran hospital isterinya.
8.
Hasil sewa untuk bulan September, Oktober dan November 1997 berjumlah
RM300 telah diterima terdahulu.
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AL/SEPT 97/ACC100/105/
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Dikehendaki :
a.
Sediakan akaun Perdagangan, Untung dan Rugi bagi tahun berakhir 31 Ogos
1997
(14 markah)
b.
Kunci Kira-kira pada tarikh tersebut.
(13 markah)
(Jumlah : 27 markah)
Soalan 2
1)
Suria memulakan perniagaan pada 1 Januari 1994. Pada akhir tahun 31
Disember 1994, sebanyak RM280 hutang lapuk telah dihapuskan dan beliau
telah membuat peruntukan hutang ragu sebanyak RM480.
Bagi tahun berakhir 31 Disember 1995, sejumlah hutang RM420 telah tidak
dapat dikuttp dan telah dihapuskan. Jumlah baki penghutang pada 31
Disember 1995 ialah RM13.800 (selepas mengambilkira hutang lapuk yang
telah dihapuskan). Pada tahun ini diputuskan untuk menyediakan penjntukan
hutang ragu pada 5% dari Jumlah penghutang.
Dalam tahun 1996, sebanyak RM1.800 hutang lapuk dihapuskan. Pada 31
Disember 1996, jumlah hutang berjumlah RM12.000 (selepas mengambilkira
hutang lapuk dihapuskan). Peruntukan hutang ragu tahun ini dikekalkan pada
5% dari jumlah penghutang.
Anda dikehendaki menunjukkan akaun-akaun berikut pada tahun 1994, 1995
dan 1996:
a)
Akaun hutang lapuk;
b)
Akaun peruntukan hutang ragu;
c)
Sebahagian yang berkenaan dari Akaun Untung dan Rugi dan Kunci
Kira-Kira pada 31 Disember 1996.
(Jumlah : 10 markah)
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Soalan 3
Berikut adalah Buku Tunai Kedai WAWASAN pada 28 Februari 1997.
BUKU TUNAI
{Ruangan Bank)
RM
Terimaan
10,400
10,400
RM
Baki b/b
Bayaran
Baki h/b
570
4,230
5,600
10,400
Setelah menerima Penyata Bank, Puan Sari, tuan punya Kedai Wawasan, mendapati
perbezaan berikut di antara Buku Tunai (Ruangan Bank) dan Penyata Bank.
1.
Perniagaannya tersilap catit baki awal (Baki b/b) sebagai RM570.
Angka
sebenar adalah RM750.
2.
Cek diterima berjumlah RM2.500 belum direkod dalam Penyata Bank.
3.
Caj Bank bernilai RM50 yang telah dicatit dalam Penyata Bank belum
direkodkan dalam Buku Tunai.
4.
Bank tersilap catit cek untuk bayaran RM300 sebagai RM800.
5.
Cek bernilai RM3.000 yang dibayar kepada pemiutang belum dikemukakan
pada Bank.
6.
Bank mencatitkan pindahan kredit sebanyak RM400 kepada Wawasan Sdn.
Bhd. Tiada catitan dibuat di Buku Tunai.
7.
Bank membuat bayaran sebanyak RM220 sebagai Arahan Tetap daripada
Puan Sari. Tiada catitan dalam Buku Tunai.
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8.
Perniagaan mencatitkan cek
pembayaran.
yang diterima
berjumlah
RM210
sebagai
9.
Cek bemilai RM280 dipulangkan oleh bank atas alasan kekurangan wang.
Catitan penerimaan cek tersebut telah dibuat dalam Buku Tunai,
Anda dikehendaki menyediakan:
i)
a)
Buku Tunai (Ruangan Bank) yang diselaraskan dan
b)
Penyata Penyesuaian Bank pada 28 Februari 1997.
(13Markah)
i)
Jelaskan dua (2) sebab mengapa baki pada Buku Tunai (Ruangan bank)
berbeza dari baki Penyata Bank.
(3 Markah)
(Jumlah : 16 Markah)
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Soalan 4
Pada 31 Mei 1995, petikan Kunci Kira-Kira Progressive Trading adalah seperti berikut:
KOS (RM)
ASET
SUSUTNILAI
TERKUMPUL
NILAI BUKU
(RM)
(RM)
Loji dan Mesin
Lekapan dan Lengkapan
Kenderaan Bermotor
70,000
80,000
150,000
14,000
12,000
60,000
56,000
68,000
90,000
Pada tahun berakhir 31 Mei 1996 dan 31 Mei 1997, Progressive Trading telah membeli
aset-aset berikut dengan cek :
JENIS ASET
Kenderaan Bermotor
AMAUN(RM)
TARIKH BELIAN
45,780
31 Julai 1995
(Termasuk cukai jalan untuk
1 tahun RM780)
Loji & Mesin
29,000
23 Disember 1995
(Tidak termasuk insuran semasa
penghantaran RM1.000)
Kenderaan Bermotor
Lekapan & Lengkapan
36,000
8 Mei 1996
45,000
7 November 1996
(Termasuk kos pengangkutan ke
premis pemiagaan RM800)
Loji & Mesin
40,000
20 April 1997
(Termasuk kos pemasangan
RM2,400)
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Susutnilai untuk kenderaan bermotor ialah 20% setahun atas nilai buku. Bagi Lekapan
& Lengkapan serta Loji & Mesin, susutnilai masing-masing ialah 10% dan 15% atas
nilai kos.
Dikehendaki :
a.
Sediakan perkara-perkara berikut untuk tahun berakhir 31 Mei 1996 dan 1997:
i)
Semua akaun asettetap
ii)
Akaun peruntukan susutnilai bagi Loji dan Mesin, Lekapan dan
Lengkapan dan Kenderaan Bermotor.
iii)
Petikan Kunci Kira-kira berakhir pada 31 Mei 1996 dan 31 Mei 1997.
(19markah)
b)
Bincang empat faktor yang menyebabkan susutnilai.
(4 markah)
(Jumlah : 23 markah)
KERTAS SOALAN TAMAT
SULIT
AUSEPT97/ACC100/
105/107/114/101/111
INSTITUT TEKNOLOGI MARA
KAJIAN PERNIAGAAN DAN PENGURUSAN
KAJIAN PENGURUSAN HOTEL DAN PELANCONGAN
KAJIAN SAINS KESETIAUSAHAAN
KAJIAN PENTADBIRAN DAN UNDANG-UNDANG S
KAJIAN TEKNOLOGI MAKLUMAT DAN SAINS KUANTITATIF
PEPERIKSAAN SEMESTER MEI - OKTOBER 1997
SARJANA MUDA PENTADBIRAN PERNIAGAAN {PENGANGKUTAN}
DIPLOMA PENGAJIAN PERNIAGAAN (INSURAN)
DIPLOMA ANALi: ;A PELABURAN
DIPLOMA PENGURUSAN BANK
DIPLOMA PENGAJIAN PERNIAGAAN
DIPLOMA PENGURUSAN PEMAKANAN
DIPLOMA PENGURUSAN PELANCONGAN
DIPLOMA PENGURUSAN HOTEL
DIPLOMA KESETIAUSAHAAN EKSEKUTIF
DIPLOMA PENTADBIRAN AWAM V
DIPLOMA SAINS KOMPUTER
DIPLOMA SAINS AKTUARI
DIPLOMA STATISTIK
>: 100000
MATA PELAJARAN
FINANCIAL ACCOUNTING
KOD MATA PELAJARAN
ACC 100/105/107/114/101/111
TARIKH
29 SEPTEMBER 1997
MASA
;j JAM (9.00 - 12.00 T/HARI)
ARAHAN KEPADA CALON:
1.
Jawab SEMUA soalan.
2.
Jawapan bagi tiap-tiap soalan hendaklah dimulakan di muka surat yang baru.
3.
Calon-calon tidak dibenarkan membawa barang-barang masuk ke bilik
peperiksaan kecuali dengan kebenaran pengawas bertugas.
JANGAN BUKA KERTAS SOALAN SEBELUM ANDA DIARAH BERBUAT DEMIKUN
Kertas soalan ini mengandungi 19 halaman yang dicetak
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2
AUSEPT 97/ACC 100/1 OS/
107/114/101/111
SECTION A
Question 1
Choose the correct answer.
1.
Accounts often need to be adjusted because
A.
B.
C.
D.
2.
3.
4.
there are never enough accounts to record all the transactions.
many transactions affect more than one accounting period.
there are always errors made in recording transactions..
management cannot decide what they want to report.
Depreciation is a process of
A.
B.
C.
asset devaluation
cost accumulation
cost allocation
D.
asset valuation
Rahim Enterprise has net sales of RM 240,000 and a gross profit of RM 60,000.
What is the opening stock if net purchases are RM 170,000 and closing stock is
RM 40,000 ?
A.
RM 50,000
B.
C.
D.
RM 60,000
RM 40,000
RM160.000
Making provision for doubtful debts is based on the
A.
Business entity concept
B.
Going concern concept
C.
D.
Prudence concept
Materiality concept
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5.
3
AUSEPT 97/ACC100/105/
107/114/101/111
On 1 January 1993, Syarikat Antik purchased a machine costing RM 75,000.
It's estimated useful life is 10 years. Its estimated residual value would be
RM5.000.
On 31 December 1996, what would be the accumulated
depreciation?
A.
.
6.
RM 7,000
B.
RM 28,000
C.
D.
RM 47,000
RM 68,000
In preparing a bank reconciliation statement, which of the following items will not
be used in updating the cash book.
7.
8.
9.
A.
B.
Interest charges
Unpresented cheque
C.
D.
Bank charges
Standing order
Which of the following is capital expenditure ?
A.
Depreciation of machinery
B.
C.
D.
Electricity expenses
Cost of extension to building
Repair expenses
All of the following are true about cash discount except:
A.
To encourage customers to pay promptly
B.
C.
To encourage customers to buy in large quantity
It is received / given for credit purchases / sates only
D.
It is usually valid for a specified period only.
A cheque received, but not yet recorded in the bank statement is called
A.
B.
C.
D.
Unpresented cheque
Standing order
Uncredited cheque
Dishonoured cheque
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AL/SEPT 97/ACC100/105/
107/114/101/111
10.
A current asset is
A.
B.
C.
D.
an asset which is currently being used to produce a product or service
the latest asset purchased by a business
expected to be realized in cash, sold or consumed within one year of the
balance sheet or the company's operating cycle, which ever is longer
usually found as a separate classification in the income statement.
(10 marks)
Question 2
Why is the Net Profit figure stated in the Balance Sheet at year end different from the
Cash and Bank Balance available on the same date?
(4 marks)
Question 3
Explain the following ratios:
a.
Net profit as a percentage of sales
b.
Current Ratio
c.
Stock Turnover
(6 marks)
Question 4
Briefly explain Capital Expenditure and Revenue Expenditure.
(4 marks)
(Total: 24 marks)
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5
AL/SEPT 97/ACC100/105/
107/114/101/111
SECTION B
Question 1
The following information was extracted from Suria Enterprise for the year ended 31
August 1997.
RM
Capital (1 September 1996)
Vehicle
Freehold Premises
41,000
22,000
19,750
Stock (1 September 1996)
16,248
Cash
Purchases
9,500
84,590
Sales
Bad debts
Debtors
108,450
400
14,000
Creditors
Insurance
Mortgage on Premises
Provision for depreciation : Vehicle
Rent Revenue
Wages and Salaries
6,000
125
16,000
2,200
1,500
6,500
Carriage inwards
Carriage outwards
Advertising
Interest on mortgage
400
437
2,500
200
Return outwards
Unit Trusts
3,000
1,500
Additional information :-
1.
Stock as at 31 August 1997 RM12.900
2.
Prepaid insurance was RM25
3.
Interest on mortgage accrued on 31 August 1997 is RM100
4.
Interest on Unit Trusts not received yet RM150
5.
Depreciation is to be provided on vehicles at 10% per annum on cost.
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AUSEPT 97/ACC100/105/
107/114/101/111
6.
Provision for doubtful debt is 2% on existing debtors.
7.
Ali took RM1,000 to pay his wife's hospital bill.
8.
Rent Revenue for September, October and November 1997 amounting to
RM300 already received in advanced.
Required :
a.
Prepare a Trading and Profit and Loss account for the year ended 31 August
1997.
(14 marks)
b.
Draw up a Balance Sheet as at that date.
(13 marks)
(Total : 27 marks)
Question 2
1.
Suria commenced business on 1 January 1994. At year end 31 December
1994, irrecoverable debts amounting to RM280 were written off. In addition, he
found its necessary to create a provision for doubtful debts of RM480.
During the year ended 31 December 1995, amount totalling RM420 proved to
be bad and were written off. The total of debtors' outstanding account at 31
December 1995 was RM13,800 (after bad debts had been written off). It was
decided to provide for doubtful debts up to 5% of debtors.
In 1996, RM1.800 debts were written off during the year. As at 31 December
1996 total debts outstanding were RM12.000 (after bad debts had been written
off). The provision for doubtful debts is to be maintained at 5% of debtors.
You are required to show for the years 1994, 1995 and 1996 :
a)
Bad debts account;
b)
Provision for bad debts account;
c)
Extract from profit and loss account and the balance sheet as at 31
December 1996.
(Total: 10 marks)
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7
AL/SEPT 97/ACC100/105/
107/114/101/111
Question 3
The Cash Book of Kedai WAWASAN as at 28 February 1997 is as follows :
CASH BOOK (Bank Column)
Receipts
RM
10,400
Balance b/d
Payments
Balance c/d
10,400
RM
570
4,230
5,600
10,400
On receiving the Bank Statement, the owner of Kedai Wawasan, Puan Sari, discovered
the following differences between the Cash Book (Bank Column) and the Bank
Statement >
1.
The business incorrectly recorded the opening balance as RM570. The correct
figure should have been RM750.
2.
Cheques received amounting to RM2,500 had not yet been recorded in the
bank statement.
3.
Bank charges amounting to RM50 was shown in the bank statement but this
was not yet recorded in the cash book.
4.
The bank had recorded a cheque paid out for RM300 as a cheque paid out for
RM800.
5.
A cheque, amounting to RM3,000 paid to a creditor of the business had not yet
been presented to the bank for clearance.
6.
The bank had recorded a credit transfer of RM400 for the business.
business has not yet recorded this receipt in its cash book.
The
7.
The bank has paid out RM220 as a standing instruction from Puan Sari. No
record has been made in the Cash Book.
8.
The business has recorded a cheque received amounting to RM210 as a
cheque paid out.
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AUSEPT 97/ACC100/105/
107/114/101/111
9.
A cheque of RM280 which was recorded as a receipt in the cash book was
returned to the business by the bank, stamped with the words 'insufficient
funds'.
You are required to prepare:
(i)
a)
b)
the adjusted Cash Book (Bank Column) and
the Bank Reconciliation Statement as at 28 February 1997.
(13 marks)
(ii)
Explain two (2) reasons why the balances of the Cash Book and the Bank
Statement are different.
(3 marks)
(Total : 16 marks)
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AL/SEPT 97/ACC100/105/
107/114/101/111
SUL1T
Question 4
On 31 May 1995, the extract of the Balance Sheet of Progressive Trading showed the
following information :
ASSETS
COSTS
(RM)
Plant & machinery
Furniture & Fittings
Motor Vehicles
ACCUMULATED
DEPRECIATION
(RM)
BOOK VALUE
(RM)
14,000
12,000
56,000
68,000
90,000
70,000
80,000
150,000
60,000
During the year ending 31 May 1996 and 31 May 1997, Progreessive Trading bought
the following assets and paid by cheque.
TYPE OF ASSETS
Motor Vehicles
AMOUNT (RM)
DATE PURCHASED
45,780
(Including road tax for one
31 July 1995
year RM780)
Plant & Machinery
29,000
23 December 1995
(Excluding insurance during
transit RM1,000)
Motor Vehicles
Furniture & Fittings
36,000
8 May 1996
45,000
7 November 1996
(Including the transportation
costs to the business
premises RM800)
Plant & Machinery
40,000
20 April 1997
(Including installation cost
RM2.400)
Depreciation for Motor Vehicles is at 20% per annum on book value. The Furniture &
Fittings and Plant & Machinery is depreciated at the rate of 10% and 15% per annum
respectively on cost.
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SULIT
AUSEPT 97/ACC100/105/
107/114/101/111
Required :
a)
Prepare the following for the year ended 31 May 1996 and 1997.
i)
All fixed assets accounts
ii)
Provision for depreciation account for Plant & Machinery,
Furniture & Fittings and Motor Vehicles respectively
iii) Balance Sheet extract as at 31 May 1996 and 31 May 1997
(19 marks)
b)
Discuss four causes of depreciation.
(4 marks)
(Total: 23 marks)
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11
AUSEPT 97/ACC100/105/
BAHAGIAN A
Soalan 1
Pilih jawapan yang betul.
1.
Akaun perlu dibuat pelarasan kerana
A.
B.
C.
D.
2.
Susutnilai adalah satu proses
A.
B.
C.
D.
3.
penurunan nilai aset
pengumpulan kos
pengagihan kos
penilaian aset
Rahim Enterprise mempunyai jualan bersih sebanyak RM 240,000 dan untung
kasar RM 60,000. Berapakah nilai stok awal syarikat itu jika belian bersih
adalah RM170,000 dan stok akhir berjumlah RM 40,000?
A.
B.
C.
D.
4.
ketidakcukupan akaun untuk merekodkan semua urusniaga
kebanyakan urusniaga melibatkan lebih daripada satu
jangkamasa perakaunan
banyak kesilapan yang dibuat datam perekodan urusniaga
pihak pengurusan tidak pasti tentang apa yang hendak dilaporkan
RM
RM
RM
RM
50,000
60,000
40,000
160,000
Peruntukan ke atas hutang ragu disediakan berdasarkan
A.
B.
C.
D.
Konsep
Konsep
Konsep
Konsep
entity perakaunan
Perniagaan Berterusan
Ketelitian
Kematanan
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AL/SEPT 97/ACC100/105/
107/114/101/111
5.
Pada 1 Januari 1993, Syarikat Antik telah membeli sebuah mesin berharga
RM75,000. Jangkahayat aset terse but adalah selama 10 tahun. Aset tersebut
dijangka mempunyai nitai residual sebanyak RM5,000. Berapakah susutnitai
terkumpul yang ada pada 31 Disember 1996?
A.
B,
C.
D.
6.
Dalam penyediaan penyata penyesuaian bank, yang manakah di antara berikut
tidak akan digunakan untuk mengemaskini buku tunai.
A.
B.
C.
D.
7.
8.
Caj Faedah
Cek belum dikemukakan
Caj bank
Arahan tetap
Manakah di antara berikut merupakan belanja modal?
A.
B.
Susutnilai mesin
Perbelanjaan Elektrik
C.
D.
Kos penambahan kepada bangunan
Belanja membaiki
Semua yang berikut adalah benar mengenai diskaun tunai kecuali
A.
B.
C.
D.
9.
RM 7,000
RM 28,000
RM 47,000
RM 68,000
Untuk menggalakkan pelanggan membayar segera
Untuk menggalakkan pelanggan membeli dalam kuantiti yang besar
Diterima atau diben untuk belian/jualan kredit sahaja
lanya sah hanya untuk masa tertentu sahaja
Sekeping cek yang diterima tetapi belum direkodkan oleh bank di dalam
penyata bank adalah
A.
B.
C.
Cek yang belum dikemukakan
Arahan tetap
Cek yang belum dikreditkan
D.
Cek tak layan
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10.
13
AL/SEPT 97/ACC100/105/
107/114/101/111
Aset Semasa ialah
A,
B.
aset yang digunakan oleh pemiagaan untuk membantu dalam
pengeluaran produk atau perkhidmatan
aset yang paling baru dibeli oleh perniagaan
C.
aset yang boleh ditukarkan kepada tunai, dijual atau digunakan dalam
D.
satu tahun perniagaan.
mempunyai klasifikasi yang berasingan di dalam penyata pendapatan
(10 Markah)
Soalan 2
Mengapakah jumlah Untung Bersih yang dicatit dalam Kunci Kira-Kira pada akhir tahun
berbeza dahpada jumlah baki tunai dan bank pada tarikh yang sama?
(4 markah)
Soalan 3
Jelaskan nisbah-nisbah berikut:
a.
Untung Bersih atas peratus jualan
b.
Nisbah semasa
c.
Pusingan Stok
(6 markah)
Soalan 4
Terangkan secara ringkas berkenaan Perbelanjaan Modal dan Perbelanjaan Hasil.
(4 makah)
(Jumlah : 24 markah)
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AUSEPT 97/ACC100/105/
107/114/101/111
BAHAGIAN B
Soalan 1
Maklumat berikut telah dipetik dari Suria Enterprise untuk tahun berakhir 31 Ogos
1997.
Modal (1 September 1996)
RM
41,000
Kenderaan
Bangunan
Stok {1 September 1996)
22,000
19,750
16,248
Tunai
Belian
Jualan
Hutang lapuk
9,500
84,590
108,450
400
Penghutang
14,000
Pemiutang
Insuran
Cagaran atas Bangunan
Peruntukan susutnilai : Kenderaan
Hasil sewa
Gaji dan Upah
6,000
125
16,000
2,200
1,500
6,500
Angkutan masuk
Angkutan keluar
iklan
Faedah atas cagaran
400
437
2,500
200
Pulangan keluar
3,000
Amanah saham
1,500
Maklumat tambahan :-
1.
Stok pada 31 Ogos 1997 adalah RM12.900.
2.
3.
Insuran prabayar adalah RM25.
Faedah atas cagaran yang belum dibayar pada 31 Ogos 1997 berjumlah
RM100.
4.
5.
6.
Faedah dari Amanah Saham yang belum ditenma RM150.
Susutnilai bagi kenderaan hendaklah diperuntukkan pada kadar 10% atas kos.
Peruntukan hutang ragu adalah 2% atas baki penghutang.
7.
Ali keluarkan RM1.000 untuk bayaran hospital isterinya.
8.
Hasil sewa untuk bulan September, Oktober dan November 1997 berjumlah
RM300 telah diterima terdahulu.
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AL/SEPT 97/ACC100/105/
107/114/101/111
Dikehendaki :
a.
Sediakan akaun Perdagangan, Untung dan Rugi bagi tahun berakhir 31 Ogos
1997
(14 markah)
b.
Kunci Kira-kira pada tarikh tersebut.
(13 markah)
(Jumlah : 27 markah)
Soalan 2
1)
Suria memulakan perniagaan pada 1 Januari 1994. Pada akhir tahun 31
Disember 1994, sebanyak RM280 hutang lapuk telah dihapuskan dan beliau
telah membuat peruntukan hutang ragu sebanyak RM480.
Bagi tahun berakhir 31 Disember 1995, sejumlah hutang RM420 telah tidak
dapat dikuttp dan telah dihapuskan. Jumlah baki penghutang pada 31
Disember 1995 ialah RM13.800 (selepas mengambilkira hutang lapuk yang
telah dihapuskan). Pada tahun ini diputuskan untuk menyediakan penjntukan
hutang ragu pada 5% dari Jumlah penghutang.
Dalam tahun 1996, sebanyak RM1.800 hutang lapuk dihapuskan. Pada 31
Disember 1996, jumlah hutang berjumlah RM12.000 (selepas mengambilkira
hutang lapuk dihapuskan). Peruntukan hutang ragu tahun ini dikekalkan pada
5% dari jumlah penghutang.
Anda dikehendaki menunjukkan akaun-akaun berikut pada tahun 1994, 1995
dan 1996:
a)
Akaun hutang lapuk;
b)
Akaun peruntukan hutang ragu;
c)
Sebahagian yang berkenaan dari Akaun Untung dan Rugi dan Kunci
Kira-Kira pada 31 Disember 1996.
(Jumlah : 10 markah)
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16
AUSEPT 97/ACC100/105/
107/114/101/111
Soalan 3
Berikut adalah Buku Tunai Kedai WAWASAN pada 28 Februari 1997.
BUKU TUNAI
{Ruangan Bank)
RM
Terimaan
10,400
10,400
RM
Baki b/b
Bayaran
Baki h/b
570
4,230
5,600
10,400
Setelah menerima Penyata Bank, Puan Sari, tuan punya Kedai Wawasan, mendapati
perbezaan berikut di antara Buku Tunai (Ruangan Bank) dan Penyata Bank.
1.
Perniagaannya tersilap catit baki awal (Baki b/b) sebagai RM570.
Angka
sebenar adalah RM750.
2.
Cek diterima berjumlah RM2.500 belum direkod dalam Penyata Bank.
3.
Caj Bank bernilai RM50 yang telah dicatit dalam Penyata Bank belum
direkodkan dalam Buku Tunai.
4.
Bank tersilap catit cek untuk bayaran RM300 sebagai RM800.
5.
Cek bernilai RM3.000 yang dibayar kepada pemiutang belum dikemukakan
pada Bank.
6.
Bank mencatitkan pindahan kredit sebanyak RM400 kepada Wawasan Sdn.
Bhd. Tiada catitan dibuat di Buku Tunai.
7.
Bank membuat bayaran sebanyak RM220 sebagai Arahan Tetap daripada
Puan Sari. Tiada catitan dalam Buku Tunai.
SULIT
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17
AUSEPT 97/ACC100/105/
107/114/101/111
8.
Perniagaan mencatitkan cek
pembayaran.
yang diterima
berjumlah
RM210
sebagai
9.
Cek bemilai RM280 dipulangkan oleh bank atas alasan kekurangan wang.
Catitan penerimaan cek tersebut telah dibuat dalam Buku Tunai,
Anda dikehendaki menyediakan:
i)
a)
Buku Tunai (Ruangan Bank) yang diselaraskan dan
b)
Penyata Penyesuaian Bank pada 28 Februari 1997.
(13Markah)
i)
Jelaskan dua (2) sebab mengapa baki pada Buku Tunai (Ruangan bank)
berbeza dari baki Penyata Bank.
(3 Markah)
(Jumlah : 16 Markah)
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AL/SEPT 97/ACC100/105/
107/114/101/111
Soalan 4
Pada 31 Mei 1995, petikan Kunci Kira-Kira Progressive Trading adalah seperti berikut:
KOS (RM)
ASET
SUSUTNILAI
TERKUMPUL
NILAI BUKU
(RM)
(RM)
Loji dan Mesin
Lekapan dan Lengkapan
Kenderaan Bermotor
70,000
80,000
150,000
14,000
12,000
60,000
56,000
68,000
90,000
Pada tahun berakhir 31 Mei 1996 dan 31 Mei 1997, Progressive Trading telah membeli
aset-aset berikut dengan cek :
JENIS ASET
Kenderaan Bermotor
AMAUN(RM)
TARIKH BELIAN
45,780
31 Julai 1995
(Termasuk cukai jalan untuk
1 tahun RM780)
Loji & Mesin
29,000
23 Disember 1995
(Tidak termasuk insuran semasa
penghantaran RM1.000)
Kenderaan Bermotor
Lekapan & Lengkapan
36,000
8 Mei 1996
45,000
7 November 1996
(Termasuk kos pengangkutan ke
premis pemiagaan RM800)
Loji & Mesin
40,000
20 April 1997
(Termasuk kos pemasangan
RM2,400)
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AUSEPT 97/ACC100/105/
107/114/101/111
Susutnilai untuk kenderaan bermotor ialah 20% setahun atas nilai buku. Bagi Lekapan
& Lengkapan serta Loji & Mesin, susutnilai masing-masing ialah 10% dan 15% atas
nilai kos.
Dikehendaki :
a.
Sediakan perkara-perkara berikut untuk tahun berakhir 31 Mei 1996 dan 1997:
i)
Semua akaun asettetap
ii)
Akaun peruntukan susutnilai bagi Loji dan Mesin, Lekapan dan
Lengkapan dan Kenderaan Bermotor.
iii)
Petikan Kunci Kira-kira berakhir pada 31 Mei 1996 dan 31 Mei 1997.
(19markah)
b)
Bincang empat faktor yang menyebabkan susutnilai.
(4 markah)
(Jumlah : 23 markah)
KERTAS SOALAN TAMAT
SULIT