6 Questions
What is the value of office supplies used during the year?
RM350
What is the amount of prepaid insurance that should be expensed for the year?
RM2,000
What is the amount of accounting fees that needs to be deferred?
RM3,400
What is the amount of rental revenue that needs to be accrued?
RM500
What is the amount of interest expense that needs to be accrued?
RM300
What is the total amount of salaries and utilities expenses that need to be accrued?
RM800
Test your knowledge of accounting principles by analyzing the unadjusted trial balance of MKS accounting firm as at June 30, 2020. Identify and categorize various accounts to understand the financial position of the firm.
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