Pre Test AskMe Bot

Identify the transaction based on the following scenario:

Company issued and sent invoice to Petra Enterprise.

• Credit Sales

• Credit Purchase

• Cash Sales

• Cash Purchase

Company received invoice from Kasih Syurga Sdn Bhd.

Identify the role of Kasih Syurga Sdn Bhd in this scenario.

• Creditor

• Debtor

• Account Receivable

• Cash Customer

Identify appropriate BOOKS OF ORIGINAL ENTRY (JOURNAL) for the following scenario:

Company issued payment voucher for payment to creditor by online transfer.

• Cash Book

• Sales Journal

• Purchase Journal

• General Journal

Prepare an ACCOUNTING EQUATION for the following scenario:

Company issued OFFICIAL RECEIPT for payment received of rental income amounting RM3,000 by cash.

• ASSET:

  Cash + 3,000

  REVENUE:

  Rental Received + 3,000

• LIABILITIES:

  Cash + 3,000

  EXPENSES:

  Rental Received + 3,000

• REVENUE:

  Cash + 3,000

  EXPENSES:

  Rental Received + 3,000

• LIABILITIES:

  Cash + 3,000

  OWNER EQUITY: Rental Received + 3,000

Prepare the DOUBLE ENTRIES for the following scenario:

Company sends CREDIT NOTE RM200 to Syarikat Adik Beradik Enterprise for goods return.

• Dt Sales Return RM200

  Cr Sya. Adik Beradik RM200

• Dt Sya. Adik Beradik RM200

  Cr Sales Return RM200

• Dt Sya. Adik Beradik RM200

  Cr Purchase Return RM200

• Dt Purchase RM200

  Cr Sya. Adik Beradik RM200

Identify appropriate BOOKS OF ORIGINAL ENTRY (JOURNAL) for the following scenario:

Murni Sdn Bhd send CREDIT NOTE RM250 to company due overstated purchase price.

• General Journal

• Sales Return Journal

• Purchase Return Journal

• Cash Book

Prepare an ACCOUNTING EQUATION for the following scenario:

Company sends DEBIT NOTE RM300 to Syarikat Adik Beradik Enterprise for understated sales price.

• ASSET:

  Debtor + 300

  REVENUE:

  Sales + 300

• ASSET:

  Debtor + 300

  EXPENSES:

  Sales + 300

• LIABILITIES:

  Creditor + 300

  REVENUE:

  Sales + 300

• OWNER EQUITY:

  Debtor + 300

  REVENUE:

  Sales + 300

Prepare the DOUBLE ENTRIES for the following scenario:

Company received DEBIT NOTE RM170 from Murni Sdn Bhd for understated purchase price.

• Dt Purchase RM170

  Cr Murni Sdn Bhd RM170

• Dt Sales RM170

  Cr Murni Sdn Bhd RM170

• Dt Murni Sdn Bhd RM170

  Cr Purchase RM170

• Dt Murni Sdn Bhd RM170

  Cr Sales RM170

Identify the appropriate BOOKS OF ORIGINAL ENTRY (JOURNAL) for the following scenario:

Company received CASH BILL RM150 from Copy Center Enterprise for photostat documents and paid in cash.

• Cash Book

• General Journal

• Sales Journal

• Purchase Journal

Prepare an ACCOUNTING EQUATION for the following scenario:

Company pays travelling expenses RM450 claimed by their employee by cheque.

• ASSET:

  Bank - 450

  EXPENSES:

  Travelling Expenses + 450

• ASSET:

  Bank - 450

  REVENUE:

  Travelling Expenses + 450

• ASSET:

  Bank + 450

  REVENUE:

  Travelling Expenses + 450

• LIABILITES:

  Bank - 450

  REVENUE:

  Travelling Expenses + 450