Question: PART A (10 MARKS) Answer ALL questions. QUESTION 1 Define a) Bad debts. b) Prepaid expenses. C ) Accrued expenses. (3 marks) QUESTION 2 List

PART A (10 MARKS) Answer ALL questions. QUESTION 1 Define a) Bad debts. b) Prepaid expenses. C ) Accrued expenses. (3 marks) QUESTION 2 List two (2) types of profit. (4 marks) QUESTION 3 State the effect on the accounting equation for purchases of RM50,000 by Fayyad from the business, if the business received only RM40,000 cash from Fayyad.

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