please do it in details

QUESTION 2 Part Correcting entries is different from adjusting entries. An examination of the accounts of Waqif Bhd for the month of July revealed the following croes after the transactions were journalired and posted in trial balance 1. A bill for RMS 400 for Supilies purchased on account was debited to Equipment, 2. A payment of utilities expenses for RM1.450 was debited to Utilities expenses only 3. Depreciation of RM2,450 on the equipment was recognise as Debit Depreciation expense, and credit Equipment 4. A recognition of interes puble of RM300 is totally omitted Required: Prepare comecting entries for each of the above asuming the erroneous entries we ne reversed (4 marks Cad... HUNDAMENTALS OF FINANCIAL ACCOUNTING "A fraad is a dishonest act by the employee that results in personal benefit to the employee at a cost to the employer".Fraud experts often say that there are three primary factors that contribute to employee fred "Companies generally design their systems of internal control to provide reasonable nesurance of proper safeguarding of assets and reliability of the accounting records The concept of reasonable assurance rests on the premise that the costs of establishing control procedures should not exceed their expected benefit. Required: ) Mllustrate the THREE (3) factors that contribute to the frund at most companies b) Demonstrate Six (6) principle of imemal control Part Buntal Enterprise reports the following information for the month of March 2020. Unit Castor Selling Price Dale Description (RM) 1 Beginning inventory 10 Purchase 1.50 12 Sales 220 4.00 18 Purchase 25 Sales 200 4.00 26 Purchase 30 Sales 150 180 1.50 100 Required: #) Compute the ending inventory cost of goods sold and gross profit under perpetual inventory system using FIFO method mark b) Compute the ending inventory, cost of goods sold und gross profit under periodic inventory system using FIFO method Total 25 marks Caulimurd... W QUESTION 2 Part Correcting entries is different from adjusting entries. An examination of the accounts of Waqif Bhd for the month of July revealed the following croes after the transactions were journalired and posted in trial balance 1. A bill for RMS 400 for Supilies purchased on account was debited to Equipment, 2. A payment of utilities expenses for RM1.450 was debited to Utilities expenses only 3. Depreciation of RM2,450 on the equipment was recognise as Debit Depreciation expense, and credit Equipment 4. A recognition of interes puble of RM300 is totally omitted Required: Prepare comecting entries for each of the above asuming the erroneous entries we ne reversed (4 marks Cad... HUNDAMENTALS OF FINANCIAL ACCOUNTING "A fraad is a dishonest act by the employee that results in personal benefit to the employee at a cost to the employer".Fraud experts often say that there are three primary factors that contribute to employee fred "Companies generally design their systems of internal control to provide reasonable nesurance of proper safeguarding of assets and reliability of the accounting records The concept of reasonable assurance rests on the premise that the costs of establishing control procedures should not exceed their expected benefit. Required: ) Mllustrate the THREE (3) factors that contribute to the frund at most companies b) Demonstrate Six (6) principle of imemal control Part Buntal Enterprise reports the following information for the month of March 2020. Unit Castor Selling Price Dale Description (RM) 1 Beginning inventory 10 Purchase 1.50 12 Sales 220 4.00 18 Purchase 25 Sales 200 4.00 26 Purchase 30 Sales 150 180 1.50 100 Required: #) Compute the ending inventory cost of goods sold and gross profit under perpetual inventory system using FIFO method mark b) Compute the ending inventory, cost of goods sold und gross profit under periodic inventory system using FIFO method Total 25 marks Caulimurd... W