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Which buy worth of proton perdana

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Reference no: EM132939258

Problem 1: Which of the following is not non-current asset?

(a) Brand

(b) Shares in other company

(c) Motor Vehicle

(d) Debtors

Problem 2: General Journal is best described as___________________.

(a) Second book of entry

(b) "T" account

(c) List of all debit and credit balances

(d) Identify which accounts need to be debited and credited

Problem 3: Dividend will reduce ________________?

(a) Owner Investment

(b) Assets

(c) Liabilities

(d) None of the above

Problem 4: Buy RM100,000 worth of Proton Perdana by using bank loan would be recorded in the ledger accounts as?

(a) Dr. Proton Perdana 100K & Cr. Bank 100K

(b) Dr. Proton Perdana 100K & Cr. Creditors 100K

(c) Dr. Proton Perdana 100K & Cr. Long Term Loan 100K

(d) Dr. Proton Perdana 100K & Cr. Short Term Loan 100K

Reference no: EM132939258

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