Penilaian Pemahaman Kursus

Which of the following is the basis of accrual?

• Recognition and recording are only made based on cash receipts.

• Liabilities are recognized and recorded.

• No depreciation expense of assets.

• Recognition and recording are only made based on cash payments.

Which is the accounting equation?

• Assets = Liabilities + Equity

• Liabilities = Assets + Equity

• Equity = Assets + Liabilities

• Equity = Liabilities

Which of the following is a result of an exchange transaction?

• Payment for Dental Services for Foreign Citizens

• Payment for Vehicle - Vehicle Driving License

• Payment for Business - Company Registration

• Payment for Medical, Health and Dental Services for Malaysian Citizens

Which of the following is a result of a non-exchange transaction?

• Sale of Maps

• Rent of Residential Buildings

• Income and Benefits from Investments in Bank Pertanian Malaysia

• Payment for Business - Company Registration

Which of the following is the correct cash basis modified for expenses?

• Accounts Payable (AP) are not considered in the preparation of Financial Statements.

• Recognizing and recording an expense when it occurs.

• No expenses involving AP58(A).

• The accounting period is only 12 months.

Which of the following is TRUE regarding the capitalization of repair costs?

• Stated as 'Expense' in the Financial Performance Statement

• Aimed at maintaining future economic benefits.

• Asset efficiency does not increase from the original function of the asset.

• Extending useful life.

Which of the following are external indicators of asset impairment?

• Assets become obsolete

• Ceasing demand for services provided by the asset

• Physical damage to the asset

• Internal reports

The following statement is TRUE regarding PTJ inventory:

• PTJ with a closing balance of all inventory worth RM1 Million or more for 3 consecutive financial years within five years.

• PTJ with a closing balance of all inventory worth RM1 Million or more for 3 consecutive financial years.

• PTJ with a closing balance of all inventory worth RM2 Million or more for 3 consecutive financial years.

• PTJ with a closing balance of all inventory worth RM2 Million or more for 3 financial years within five years.

The criteria for recognition of provisions are:

• There is a possibility of inflow of resources

• The estimated amount cannot be made with certainty

• The entity has a current legal or constructive obligation as a result of past events

• The amount of loss is known precisely

Which of the following criteria is TRUE regarding Property, Plant and Equipment?

• Resources not controlled by the entity

• Expected to be used for less than one reporting period

• Is a tangible asset

• Not for administrative purposes