BBAW2103 (SAMPLE 3)

PART A / BAHAGIAN A

INSTRUCTIONS / ARAHAN

Part A contains FIVE questions. Answer ALL.

QUESTION / SOALAN Marks / Markah

1. Describe the business operating cycle of a trading firm that sells on credit.

Huraikan kitaran operasi perniagaan bagi sebuah firma perdagangan yang menjual secara
kredit.
(4)

2. Differentiate between current and non-current assets.

Bezakan antara aset-aset semasa dan bukan semasa.

3. Explain the various inventory valuation methods.

Terangkan pelbagai kaedah-kaedah penilaian inventori.

4. Describe the techniques that may be used in evaluating financial statement data.

Huraikan teknik-teknik yang boleh digunakan dalam menilai data penyata kewangan.
(4)

5. Explain the conditions for short term investments to be considered as cash equivalent.

Terangkan keadaan-keadaan bagi pelaburan-pelaburan jangka pendek di anggapkan sebagai

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PART B / BAHAGIAN B

INSTRUCTIONS / ARAHAN

Part B contains THREE questions. Answer TWO ONLY.

QUESTION / SOALAN 1 Marks / Markah

The adjusted trial balance of Delli Enterprise for the current year ended 31 December 2013 is as
below:

Delli Enterprise
Trial Balance
as at 31 December 2013
Debit Credit
(RM) (RM)
Cash 310,000
Accounts receivable 90,770
Office supplies 220
Prepaid insurance 2,500
Office equipment 49,600
Accumulated depreciation – Office equipment 10,260
Accounts payable 36,400
Salaries payable 2,700
Capital, Dellina 76,370
Service revenue 442,500
Depreciation expense – Office equipment 2,160
Insurance expense 4,300
Office supplies expense 480
Rent expense 43,500
Salaries expense 64,700 ______
Total 568,230 568,230

Required:

a) Prepare the income statement for Delli Enterprise for the year ended 31 December 2013.
(8)

b) Prepare the balance sheet for Delli Enterprise as at 31 December 2013.

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Imbangan duga terlaras bagi Delli Enterprise bagi tahun semasa berakhir 31 Disember 2013 adalah
seperti di bawah:

Delli Enterprise
Imbangan Duga
pada 31 Disember 2013
Debit Kredit
(RM) (RM)
Tunai 310,000
Akaun belum terima 90,770
Bekalan pejabat 220
Insurans prabayar 2,500
Peralatan pejabat 49,600
Peruntukan susut nilai – Peralatan pejabat 10,260
Akaun belum bayar 36,400
Gaji belum bayar 2,700
Modal, Dellina 76,370
Hasil perkhidmatan 442,500
Belanja susut nilai – Peralatan pejabat 2,160
Belanja insurans 4,300
Belanja bekalan pejabat 480
Belanja sewa 43,500
Belanja gaji 64,700 ______
Jumlah 568,230 568,230

Dikehendaki:

a) Sediakan penyata pendapatan untuk Delli Enterprise bagi tahun berakhir 31 Disember 2013.

b) Sediakan lembaran imbangan untuk Delli Enterprise pada 31 Disember 2013.

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QUESTION / SOALAN 2 Marks / Markah

A company has inventory of 10 units at a cost of RM10 each on 1 June. On 3 June, the
organisation purchased another 20 units at RM12 each. On 5 June, 12 units were sold.

Required:

a) Calculate the cost of goods sold and cost of ending inventory using First In First Out (FIFO)
and Last In First Out (LIFO) perpetual inventory methods.
(16)
b) Explain the assumptions used in FIFO and LIFO.
(4)
(Total / Jumlah: 20)

Sebuah syarikat mempunyai inventori sebanyak 10 unit pada kos RM10 setiap satu pada 1 Jun. Pada
3 Jun, organisasi tersebut membeli 20 unit lagi pada RM12 setiap satu. Pada 5 Jun, 12 unit telah
dijual.

Dikehendaki:

a) Kirakan kos barang dijual dan kos inventori akhir menggunakan kaedah inventori berterusan
Masuk Dahulu Keluar Dahulu (MDKD) dan Masuk Kemudian Keluar Dahulu (MKKD).

b) Terangkan andaian-andaian yang digunakan dalam MDKD dan MKKD.

QUESTION / SOALAN 3 Marks / Markah

Control over cash disbursements is important for an organisation as most thefts occur from
payment of fictitious invoices. Discuss the main systems that can be implemented to control cash
disbursements.
(Total / Jumlah: 20)

Kawalan terhadap pembayaran tunai adalah penting untuk sebuah organisasi kerana kebanyakan
kecurian berlaku daripada pembayaran invois rekaan. Bincangkan sistem-sistem utama yang boleh
dilaksanakan untuk mengawal pembayaran tunai.

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PART C / BAHAGIAN C

INSTRUCTIONS / ARAHAN

Part C contains TWO questions. Answer ONE ONLY.

QUESTION / SOALAN 1 Marks / Markah

The following information is for Trio Enterprise and its competitor Twin Enterprise:

Trio Twin
2012 2013 2012 2013
(RM) (RM) (RM) (RM)
Net sales 347,850 365,418 579,750 664,395
Cost of sales 121,747 146,167 318,862 312,265

Required:

Calculate the gross profit margin to the nearest percent, for each company and for both years.
Discuss which company had the more favourable change in the gross margin ratio over this 2 year
period.

(Total / Jumlah: 20)

Maklumat berikut adalah untuk Trio Enterprise dan pesaingnya Twin Enterprise:

Trio Twin
2012 2013 2012 2013
(RM) (RM) (RM) (RM)
Jualan bersih 347,850 365,418 579,750 664,395
Kos jualan 121,747 146,167 318,862 312,265

Dikehendaki:

Kirakan margin untung kasar kepada peratus terhampir, bagi setiap syarikat dan bagi kedua-dua
tahun. Bincangkan syarikat mana yang mempunyai perubahan yang lebih memuaskan dalam nisbah
margin kasar selama tempoh 2 tahun.

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QUESTION / SOALAN 2 Marks / Markah

a) Discuss the requirements of Bursa Malaysia and Central Bank of Malaysia to a business
entity in submitting their annual reports.
(10)

b) Explain the penalties if a business entity does not comply with the requirements of the
Securities Commission and Companies Act.
(10)
(Total / Jumlah: 20)

a) Bincangkan keperluan-keperluan Bursa Malaysia dan Bank Negara Malaysia kepada sebuah
entiti perniagaan dalam menghantar laporan-laporan tahunan mereka.

b) Terangkan penalti-penalti jika sebuah entiti perniagaan tidak memenuhi keperluan-keperluan

END OF QUESTION PAPER / KERTAS SOALAN TAMAT