Refresh or test your knowledge or understanding on final accounts by answering the following questions: QUESTIONS: 1.0 What are the component parts of the item “proprietor’s capital” in a balance sheet? 2.0 Give two examples of long-term liabilities —–>> refer article 3.0 What are the main items of current assets in a balance sheet? —–>> … Read more
Earlier articles described the syllabus of CIMA, skillsets & attributes of should be accountants, related jobs/occupations of accountancy graduates. Below described in brief, for those Malaysian students who do not have relevant degree but wish to pursue CIMA accounting course. For Malaysian students who do not have relevant degree, one need to work towards gaining … Read more
Refresh or test your accounting knowledge by answering the following questions on Completing The Accounting Cycle:- QUESTIONS: 1.0 Explain how the matching concept is related to the accrual basis of accounting2.0 Describe the nature of adjusting process 3.0 Explain how to prepare the adjusted trial balance 4.0 Describe the nature of closing entries Click … Read more
Refresh or test your accounting knowledge by answering the following questions on The Recording Process:- QUESTIONS: 1.0 What is an account and its usefulness? 2.0 Define debits and credits and explain how they are used to record business transactions 3.0 Identify the basic steps in the recording process 4.0 Explain what is a journal and … Read more
Refresh or test your accounting knowledge by answering the following questions on Assets, Liabilities and The Accounting Equation:- QUESTIONS: 1.0 What is an asset? Give three examples 2.0 What is a liability? Give three examples 3.0 What is the accounting equation? 4.0 What are drawings? 5.0 What is the business equation? 6.0 Distinguish between a … Read more