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KPM QUIZ 3

Authored by MORNI SIDIK

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KPM QUIZ 3
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This government agency will prepare

Federal government financial statments

Audit report for federal government

Budget for Federal government

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This report is prepared by the

Accountant General

Auditor General

Minister of MOF

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The basis of accounting used to account for Federal Government accounts is

Modified Cash Basis and Cash Basis

Modified Cash Basis and Accrual Basis

Accrual Basis and Cash Basis

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Malaysian Public Sector Accounting Standards (MPSAS) is used for

Accrual Basis

Cash Basis

Modified Cash Basis

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following is the disadvantage of using cash basis except

The time spent in accounts preparation will not be significantly shorter

Helps better in determining cashflow

Facilitates better planning, financial management and decision making in longer term

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accrual Basis will show

only cash inflow and outflow

only assets and liabilities

only revenues and expenses

all assets, liabilities, revenues and assets

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Revenue and Expenditure is recognized on the date when INVOICE has been send and received. This describe

Cash Basis

Accrual Basis

Modified Cash Basis

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