Accounting Chapter 1

Which of the following is NOT a not-for-profit making organisation?

• Chartered Certified Accountants Association (ACCA)

• Immigration Department of Malaysia

• AirAsia Berhad

• Radio Television Malaysia (RTM)

Which of the following is the source of income of a profit making organisation?

• Donation

• Sales

• Subscription

• Membership Fees

Partnership owned by how many people?

• 1 - 20

• 1 - 50

• 2 - 20

• 2 - 50

Which of the following business converts raw materials into products and sell it?

• Manufacturing Business

• Trading Business

• Service Business

Which of the following business sells intangible products?

• Manufacturing Business

• Trading Business

• Service Business

Which of the following companies where the owner has unlimited liability?

• KT Sendirian Berhad

• Genting Berhad

• YTF Sdn. Bhd.

• Happy Marketing

A limited liability company must registered under the Companies Act 2016 which is enforced by the Companies Comission of Malaysia.

• True

• False

The aim of government sector is to provide the public with basic services and to improve people's living standards.

• True

• False

Which of the following entity has the feature where the business owner may only suffer a maximum loss which limited to the amount invested?

• Partnership

• Sole Trader

• Public Sector

• Limited Liability Company

Which of the following entity has unlimited shareholders?

• Partnership

• Public Limited Company

• Private Limited Company

• Sole Trader