7.There are _________ types of error which not affecting trial balance.

• A. 4
• B. 3
• C. 2
• D. 1

8.The adjusting entries are important to conform the following accounting principles EXCEPT__________

• A. time period concept
• B. matching principle
• C. revenue recognition principle
• D. money measurement concept

9.On 1 August 2019, Blue Design paid RM24,000 by cheque for store rent covering 12 month period ending 31 July 2020. The adjusting entry for rent on 31 December 2019 will be ____________

• A. Debit: Rent Expense RM10,000 and Credit: Cash RM10,000
• B. Debit: Rent Expense RM14,000 and Credit: Prepaid Rent RM14,000
• C. Debit: Prepaid Rent RM14,000 and Credit: Cash RM14,000
• D. Debit: Rent Expense RM10,000 and Credit: Prepaid Rent RM10,000