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Help! Intro Accounting!

Soalan/Question 1 Jawab soalan-soalan yang berikut Answer the following questions: a) Terangkan dengan ringkas perakaunan sebagai bahasa perniagaan dan peranan maklumat perakaunan dalam membuat keputusan ekonomi Briefly explain accounting as the language of business and the role of accounting information in making economic decision b) Terangkan secara ringkas bagaimana transaksi pemiagaan tertentu memberi kesan kepada komponen dengan memberi satu contoh persamaan perakaunan: Aset Liabiliti+Ekuiti Pemilik? Briefly explain how certain business transactions affect the elements of the accounting equation: Asset Liabilities Owners Equity? c) Pada bulan Disember 2016, rekod-rekod perakaunan Berjaya Corporation mengandungi perkara-perkara berikut? At December 2016, the accounting records of Berjaya Corporation contain the following tems Account belum baya Account Belum Terima 60,000 24,000 Acount Receivable 360,000 Tunai/ Cash Tanah/Land Saham Modal 80,000 Stock Bangunan/Building Nota belum Bayar 500,000 Perolehan tertahan 250,000 i) Rujuk kepada data di atas. Jika saham modal adalah RM600,000, kira jumlah tunai yang dimiliki oleh Berjaya Corporation pada 31 Disember, 2016? Refer to the above data. If Capital Stock is RM600,000, calculate the amount of Cash Owned by Berjaya Corporation at December 31, 2016 (2 markah/marks) i) Rujuk kepada data di atas. Jika jumlah tunai pada bulan Disember 2016 adalah RM34,000, kirakan jumlah ekuiti pemegang stok Refer to the above data. If cash at December 2016 is RM34,000, calculate the amount stockholders equity
CIA1001 ) Rujuk kepada data di atas. Jika wang tunai pada bulan Disember 2016 adalah Refer to the above data. If cash at December 2016 is RM54,000, calculate total asset (2 markah/marks) RM54,000, kirakan jumlah aset untuk Berjaya Corporation for Berjaya Corporation d) Syarikat UCANDOIT membeli sebuah bangunan yang berharga RM500,000. Syarikat UCANDOIT kemudiannya telah membuat penilaian semula ke atas bangunan itu dan mendapati bahawa bangunan itu kini bernilai RM575,000. 6 tahun yang lalu penjual (pemilik) bangunan itu membelinya dengan kos RM300,000. Prinsip perakaunan yang manakah memerlukan Syarikat UCANDOIT mencatat nilai bangunan di rekodnya pada RM500,000 The UCANDOIT Company acquired a building for RM500,000. UCANDOIT Company had the building appraised, and found that the building was easily worth RM575,000. The seller had paid RM300,000 for the building 6 years ago. Which accounting principle would require UCANDOIT Company to record the building on its records at RM500,000 (2 markah/marks) Jumlah/Total: 15 markah/marks]
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Answer a Known as the language of business, accounting is a process of recording, measuring, and reporting financial information for a business or organization. Accounting is essentia in all business categories, including service, merchandising, and manufacturing, that use accounting systems to identify, measure, and communicate information about the financial soundness of companies. Thus, accounting information must be useful and reliable for a businesss external and internal users, who rely on it for effective decision-makin Answer b Financial professionals reporting to external users in businesses must follow the Generally Accepted Accounting Principles (GAAP), apply the foundational accounting equation, and prepare financial statements with details of a businesss financial position The accounting equation consists of the assets of a business equaling its liabilities and equity, and should always balance on either side of the equation Answer C (i Assets Liabilities Land Buildin Equipment Accounts Receivable Cash Total Assets 360,000 500,000 180,000 60,000 54,000 1,154,000 Accounts Payable Note Payable Retained Earnin Capital Stock 24,000 280,000 250,000 600,000 Total Liabilities & Equit 1,154,000 Cash $ 54,000 Answer C (i Assets Liabilities Land Buildin Equipment Accounts Receivable Cash Total Assets 60,000 500,000 180,000 60,000 34,000 1,134,000 Accounts Payable Note Payable Retained Earnin Capital Stock 24,000 280,000 250,000 580,000 Total Liabilities & Equit 1,134,000 Capital Stock $ 580,000 Answer C (iii Assets Liabilities Land Buildin Equipment Accounts Receivable Cash Total Assets 60,000 500,000 180,000 60,000 54,000 1,154,000 Accounts Payable Note Payable Retained Earnin Capital Stock 24,000 280,000 250,000 600,000 Total Liabilities & Equit 1,154,000 Total Assets $1,154,000 Answer d The historical-cost method is used for assets in the United States under generally accepted accounting principles (GAAP A historical cost is a measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when uired by the com

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