Sold Goods Is Uses Of Cash

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a.Sold goods is uses of cash.

Select one:

True

False

b.Purchase refers to purchase of inventory. Purchases of any other assets, such as van, equipment and building, are never described as purchase. Sold Goods Is Uses Of Cash

Select one:

True

False

c.

For the following question, please refer to Case Study 1 (refer to Times main page).

 

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Calculate the total current liabilities.

Select one:

a. RM42,426

b. RM32,246

c. RM42,246

d. RM32,426

d. Gross profit is calculated in the trading account.

Select one:

True

False

e.

Which of the following statements is true about the purpose of statement of cash flow?

Select one:

a. To assess how far the business will be able to meet future commitments.

b. To assess the profitability of the company.

c. To assess the liquidity position of the company.

d. To assess the leverage position of the company.

f.

In accounting record, all non – current assets should be recorded based on market price.

Select one:

True

False

g.

For the following question, please refer to Case Study 1 (refer to Times main page). Sold Goods Is Uses Of Cash

How much is the net account receivables after adjustments?

Select one:

a. RM25,150

b. RM21,817

c. RM25,510

d. RM22,350

h.

Profit decreases capital.

Select one:

True

False

i.

Which of the following statements are true?

i) Sales of goods: Cash inflow

ii) Owner brought in additional capital into the business: Cash inflow

iii) Loan has been disbursed by bank: Cash outflow.

iv) Bought goods on credit: Cash outflow.

Select one:

a. iii and iv

b. i and ii

c. ii and iii

d. i and iii

j.

For the following question, please refer to Case Study 3 (refer to Times main page).

You are required to prepare the following separately and answer the following questions.

Based on the information given, compute the net cash generated from operating activities according to the statement of cash flows.

Select one:

a. RM10,600

b. RM6,600

c. RM10,800

d. RM6,400 Sold Goods Is Uses Of Cash

k.

For the following question, please refer to Case Study 1 (refer to Times main page).

Compute total depreciation expenses for the current year for all non-current assets.

Select one:

a. RM19,000

b. RM22,117

c. RM16,275

d. RM55,477

l.

All assets will be depreciated except land.

Select one:

True

False

m.

For the following question, please refer to Case Study 1 (refer to Times main page).

Calculate the total operational expenses.

Select one:

a. RM104,651

b. RM104,118

c. RM100,785

d. RM101,318 Sold Goods Is Uses Of Cash

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