Answer ALL questions. QUESTION 1 Define a) Bad debts. b) Prepaid expenses. c) Accrued expenses. QUESTION 2 List two (2)
Posted: Tue Jul 05, 2022 1:38 pm
questions. QUESTION 1 Define a) Bad debts. b) Prepaid expenses. c) Accrued expenses. QUESTION 2 List two (2) types of profit. (3 marks) (4 marks) QUESTION 3 State the effect on the accounting equation for purchases of RM50,000 by Fayyad from the business, if the business received only RM40,000 cash from Fayyad. (3 marks)
Answer ALL