CONFIDENTIAL 1 AC/NOV2017/AIS205

UNIVERSITI TEKNOLOGI MARA

COMMON TEST

COURSE : COMPUTERIZED ACCOUNTING

COURSE CODE : AIS205
EXAMINATION : NOVEMBER 2017
TIME : 11/2 HOURS

INSTRUCTIONS TO CANDIDATES

1. This question paper consists of FOUR (4) parts: PART A (5 questions)

PART B (5 questions)
PART C (3 Questions)
PART D (1 Question)

2. Answer ALL questions from all four (4) parts.

3. Do not bring any material into the examination room unless permission is given by the invigilator.

4. Answer all questions in English.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO

This paper consists of 6 printed pages
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PART A

This part consists of 5 multiple choice questions. Choose the most suitable answer.

1. Undo Reconciliation will ________________________________.

A. undo the whole accounting period reconciliations

B. undo the reconciliation for the month selected by user
C. undo the last reconciliation done
D. undo the bank reconciliation and all the bank entries recorded during
reconciliation

2. Transaction recorded at Record Journal Entry can be found in _________________.

A. Journal Register
B. General Journal Report
C. Account List Detail
D. Purchases and Payables Journal

3. MYOB applies __________ inventory system and __________ costing method.

A. perpetual, weighted average

B. periodic, weighted average
C. weighted average, periodic
D. weighted average, perpetual

4. Choose the CORRECT double entry when an order is converted to bill.

A. Dr Account Payables, Cr Inventory

B. Dr Inventory, Cr Account Payables
C. Dr Account Receivable, Cr Inventory
D. Dr Inventory, Cr Accounts Receivables

5. Pay Refund is used to ___________________.

A. settle credit note and reduce the amount owe by customer

B. record amount received from customer
C. settle credit note for refund received from supplier
D. settle credit note when there is no outstanding amount owe by customer

(Total: 5 marks)

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PART B

This part consists of 5 True and False questions. Choose the most suitable answer.

1. Bank Register list all the transactions recorded in Banking Command Centre
including the petty cash transactions.

2. Recurring transactions feature can only be used in Journal Entry.

3. A supplier card type must be set as “supplier” to enable it to be used in Purchases

Command Center.

4. Transaction recorded at Pay Bills at Purchases Command Centre can be found in

Purchases and Payables Journal.

5. Apply to Sales is used to offset the outstanding amount in customers’ accounts.

(Total: 5 marks)

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PART C – MYOB Accounting

Answer ALL questions.

QUESTION 1

The questions below are based on Figure 1.

Figure 1

Required:

a. Determine the steps to create the account 1-1100 Motor Vehicles.

(4 marks)

b. Differentiate between Header and Detail accounts.

(3 marks)

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c. The accounts that are marked as linked are known as Linked Account. Discuss
Linked Accounts.
(3 marks)
(Total: 10 Marks)

QUESTION 2

a. Siti intends to record the monthly depreciation for motor vehicles in the journal entry
as a recurring transaction starting from July 2017. The following are the details about
the transaction:
Dr 6-6000 Depreciation Expenses RM1,000
Cr 1-1031 Acc. Depreciation for Motor Vehicles RM1,000
Describe the steps to record the transaction as a recurring transaction.
.
(4 marks)
b. Determine the steps to use the recurring transaction created in (a) above to record
the depreciation for July 2017.

(3 marks)
c. Suggest any other THREE (3) transactions that can be recorded in the journal entry.
(3 marks)
(Total: 10 Marks)

QUESTION 3

a. Jaya Electrical Store has raised a purchase order no PO0001 on 10/5/2017 for the
purchase of 10 units of televisions at RM1,200 each from Maju Sdn Bhd. Only 8 units
were received on 15/5/2017. Determine the steps to record this transaction.
(4 marks)

b. On 16/5/2017, Jaya Electrical Store returned a unit of television due to damage

during delivery. The Credit note was received from Maju Sdn Bhd on 17/5/2017.
Describe the steps to record the credit note.
(3 marks)

c. Explain TWO (2) ways to settle credit note in Purchase Command centre.
(3 marks)
(Total: 10 marks)

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PART D

Answer ALL questions

QUESTION 1

Accounting records in Accounting Information System are represented by four types of

magnetic files. Explain with examples the FOUR (4) types of files.

(10 marks)

END OF QUESTION PAPER

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