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QUIZ 2 : TOPIC 11 [INCOMPLETE RECORDS & SINGLE ENTRY]

Total questions: 15

Worksheet time: 16mins

Name
Class
Date
1.

Using the information given, compute the ending capital as at 31 December 2020.

a)

RM37,160

b)

RM28,310

c)

RM27,190

d)

RM8,850

2.

Using the information given, compute the net profit/net loss for the year ended 31 December 2020.

a)

net profit RM12,160

b)

net loss RM3,310

c)

net profit RM3,310

d)

net loss RM12,160

3.

Bea Rona started a business on 1 June 2020 with 68,000 as capital. On 31 May 2021, she found that her capital increased by RM70,000. During the year ended 31 May 2021, Bea Rona also withdrew RM5,500 cash for her personal purpose and transferred RM6,700 from her private saving account to the current account of the business.

Calculate the net profit for the year ended 31 May 2021.

a)

RM800

b)

RM3,200

c)

RM68,800

d)

RM71,200

4.

Using the information given, compute the amount of credit sales for the year 2020.

a)

RM24,200

b)

RM22,600

c)

RM12,600

d)

RM11,000

5.

Using the information given, compute the amount of sales for the year 2020.

a)

RM24,200

b)

RM22,600

c)

RM12,600

d)

RM11,000

6.

Based on the information given, calculate the amount of credit purchases for the year 2020.

a)

RM2,370

b)

RM8,970

c)

RM22,170

d)

RM28,770

7.

Based on the information given, calculate the amount of purchases for the year 2020.

a)

RM2,370

b)

RM8,970

c)

RM22,170

d)

RM28,770

8.

Based on information given, calculate the amount utility expenses for the year ended 31 December 2020.

a)

RM140

b)

RM500

c)

RM590

d)

RM660

9.

Based on the information given, compute the amount of rental revenue for the year ended 31 December 2020.

a)

RM310

b)

RM810

c)

RM2,490

d)

RM3,610

10.

Based on the information given, calculate the capital as at 1 April 2019.

(a)  

11.

Based on the information given, calculate the capital as at 31 March 2020.

(a)  

12.

Based on the information given, calculate the net profit / net loss for the year ended 31 March 2020.

a)

net profit RM29,340

b)

net loss RM29,340

c)

net profit RM33,540

d)

net loss RM33,540

13.

Based on the information given, calculate the depreciation expense for premises

(a)  

14.

Based on the information given, calculate the depreciation expense for furniture & fittings

(a)  

15.

Based on the information given, calculate the depreciation expense for Equipment

(a)