{"id":5076,"date":"2023-01-17T12:44:13","date_gmt":"2023-01-17T12:44:13","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=5076"},"modified":"2023-01-17T12:47:17","modified_gmt":"2023-01-17T12:47:17","slug":"bdaw2103-basics-of-financial-accounting-assignment-questions","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/bdaw2103-basics-of-financial-accounting-assignment-questions\/","title":{"rendered":"BDAW2103 Basics of Financial Accounting Assignment Questions"},"content":{"rendered":"<h2><strong>BDAW2103 Basics of Financial Accounting Assignment Answers to Questions<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p><strong>Assignment Details:-<\/strong><\/p>\n<ul>\n<li><strong>Number of Words: 2000<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote><p>Seek the best BDAW2103 Basics of <a href=\"https:\/\/assignmenttask.com\/finance\/financial-accounting-assignment-help.html\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Financial Accounting Assignment Help<\/strong><\/a> by finance experts. Assignmenttask.com delivers affordable <a href=\"https:\/\/assignmenttask.com\/answers\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>assignment answers online<\/strong><\/a>. We have a huge base of the best academic experts. Hire our experienced writers who provide you with quality <a href=\"https:\/\/assignmenttask.com\/my\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Assignment Help in Malaysia<\/strong><\/a> and other countries at any time. Join us now.<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/assignmenttask.com\/order-now.php\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-3656 size-full lazyload\" title=\"Order Now\" data-src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2021\/08\/order-now.jpg\" alt=\"Order Now\" width=\"700\" height=\"87\" data-srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2021\/08\/order-now.jpg 700w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2021\/08\/order-now-300x37.jpg 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2021\/08\/order-now-360x45.jpg 360w\" data-sizes=\"(max-width: 700px) 100vw, 700px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 700px; --smush-placeholder-aspect-ratio: 700\/87;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-3656 size-full\" title=\"Order Now\" src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2021\/08\/order-now.jpg\" alt=\"Order Now\" width=\"700\" height=\"87\" srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2021\/08\/order-now.jpg 700w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2021\/08\/order-now-300x37.jpg 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2021\/08\/order-now-360x45.jpg 360w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/noscript><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>ASSIGNMENT QUESTION<\/strong><\/span><\/h3>\n<h3 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Part I<\/strong><\/span><\/h3>\n<h4><strong>PURPOSE<\/strong><\/h4>\n<p>The purpose of this assignment is to enhance learners\u2019 skills to apply basic accounting concepts and prepare financial statements.<\/p>\n<h4><strong>REQUIREMENT<\/strong><\/h4>\n<p>Answer all the questions and show your detailed workings clearly.<\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>ASSIGNMENT 1 (CLO1)<\/strong><\/span><\/h3>\n<h4><strong>Question 1<\/strong><\/h4>\n<p>Describe any TWO qualitative characteristics of accounting information and explain how each characteristic is useful in interpreting the financial statements.<\/p>\n<p>&nbsp;<\/p>\n<h4><strong>Question 2 <\/strong><\/h4>\n<p>The following transactions of Aroma Trading occurred in April 2022:<\/p>\n<ol>\n<li>Aroma Trading paid an insurance premium for six future months\u2019 worth of coverage.<\/li>\n<li>Aroma Trading\u2019s building is presented at a cost value of RM480,000 although the market value is RM450,000.<\/li>\n<li>The owner of Aroma Trading paid for her daughter&#8217;s preschool fees from the company\u2019s bank.<\/li>\n<li>Aroma Trading received a shipment of goods from Indonesia. The invoice is stated in Malaysian Ringgit.<\/li>\n<\/ol>\n<p>You are required to identify and justify each transaction to the applicable accounting principles\/assumptions for recording and reporting purposes.<\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>ASSIGNMENT 2 (CLO2)<\/strong><\/span><\/h3>\n<p>The following are the accounts balances of Daya Sdn. Bhd. as at 30 September 2022:<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"331\">Accounts<\/td>\n<td width=\"113\">Amount (RM)<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Purchases<\/td>\n<td width=\"113\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 16,531<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Sales<\/td>\n<td width=\"113\">38,567<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Accounts receivable<\/td>\n<td width=\"113\">\u00a0 2,214<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Accounts payable<\/td>\n<td width=\"113\">3,356<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Provision for doubtful debts<\/td>\n<td width=\"113\">265<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Office equipment<\/td>\n<td width=\"113\">\u00a0 5,000<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Accumulated depreciation -Office equipment<\/td>\n<td width=\"113\">1,500<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Cash<\/td>\n<td width=\"113\">660<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Bank overdraft<\/td>\n<td width=\"113\">655<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Capital<\/td>\n<td width=\"113\">5,438<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Drawings<\/td>\n<td width=\"113\">\u00a0\u00a0\u00a0\u00a0 689<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Sales return<\/td>\n<td width=\"113\">\u00a0\u00a0\u00a0\u00a0 441<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Prepaid insurance premium<\/td>\n<td width=\"113\">\u00a0\u00a0\u00a0 \u00a0663<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Rent expenses<\/td>\n<td width=\"113\">7,260<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Advertising expenses<\/td>\n<td width=\"113\">\u00a0 2,663<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Salary\u00a0\u00a0\u00a0 expenses<\/td>\n<td width=\"113\">\u00a0 3,660<\/td>\n<\/tr>\n<tr>\n<td width=\"331\">Investment<\/td>\n<td width=\"113\">10,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong>Additional information: <\/strong><\/p>\n<ol>\n<li>Ending inventory is valued at RM5,454.<\/li>\n<li>Provision for doubtful debts on accounts receivable amounting to RM332.<\/li>\n<li>Insurance premium expired for the year is RM540.<\/li>\n<li>Yearly depreciation for office equipment is RM500.<\/li>\n<li>Rent accrued and yet to be paid as at 30 September is RM660.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><strong>You are required to prepare the following:<\/strong><\/p>\n<p>(a) The trial balance as at 30 September 2022.<\/p>\n<p>(b) The statement of comprehensive income for the year ended 30 September 2022.<\/p>\n<p>(c) The statement of financial position as at 30 September 2022.<\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Part II <\/strong><\/span><\/h3>\n<h4><strong><u>ONLINE CLASS PARTICIPATION<\/u><\/strong><\/h4>\n<p>Discuss the following topic(s) in the forum and submit proof of your participation in the online discussions:<\/p>\n<h4><strong>Question <\/strong><\/h4>\n<p>Accounting plays an important role in business and daily life. The roles are visible in various aspects, especially in today\u2019s business environment. Discuss the role of accounting in creating accountability and control with the support of relevant examples.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>For REF&#8230; Use: <span style=\"color: #808000;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#getanswers2002438&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:4288,&quot;9&quot;:1,&quot;10&quot;:2,&quot;15&quot;:&quot;Arial&quot;}\">#getanswers2002438<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BDAW2103 Basics of Financial Accounting Assignment Answers to Questions &nbsp; Assignment Details:- Number of Words: 2000 &nbsp; Seek the best BDAW2103 Basics of Financial Accounting Assignment Help by finance experts. Assignmenttask.com delivers affordable assignment answers online. We have a huge base of the best academic experts. Hire our experienced writers who provide you with quality Assignment Help in Malaysia and other countries at any time. Join us now. &nbsp; &nbsp; ASSIGNMENT QUESTION Part I PURPOSE The purpose of this assignment is to enhance learners\u2019 skills to apply basic accounting concepts and prepare financial statements. REQUIREMENT Answer all the questions and <a href=\"https:\/\/assignmenttask.com\/answers\/bdaw2103-basics-of-financial-accounting-assignment-questions\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[835],"tags":[7065,7059,7062,7061,7064,7063,7060],"_links":{"self":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/5076"}],"collection":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/comments?post=5076"}],"version-history":[{"count":4,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/5076\/revisions"}],"predecessor-version":[{"id":5080,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/5076\/revisions\/5080"}],"wp:attachment":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/media?parent=5076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/categories?post=5076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/tags?post=5076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}