Question: pls ans both qs will rate RM is Malaysian Ringgit (currency) QUESTION 2 a) A loan of RM 7,000 was made on 15th October 2019

pls ans both qs will rate

RM is Malaysian Ringgit (currency) pls ans both qs will rate RM is Malaysian Ringgit (currency)

QUESTION 2 a) A loan of RM 7,000 was made on 15th October 2019 at a bank that charged a simple discount rated %. The discount charged was RM 205 and the loan matured on 11th November 2019. Find the discount rate d. (3 marks) b) A 140-day promissory note dated on 19th May 2019 with a simple interest rate of 4% per annum was received by Hanim. After 62 days, she discounted the note at 2.5% discount and the proceeds received was RM 7000. Determine the face value of the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

only question 2.. plz help me.. im offering all my credits. i swear... Faculty of Business, Economics & Accounting Department of Accounting and Finance HELP Bachelor of Business (Hons) Year 3...

QUESTION Geliga Bhd, a Malaysian incorporated company, acquired a 75% equity interest in an overseas subsidiary, Sabritaz Plc. on 1 October 2019. The consideration was paid in cash. At the date of...

Specific subject : Taxation MYS - ACCA Section B - ALL SIX questions are compulsory and MUST be attempted QUESTION 1 (a) Star Sdn Bhd (SSB), a newly incorporated resident company involved in...

Question 1 , Question 2 and Question 5 part (ii) thanks alot Faculty of Business, Economics & Accounting Department of Accounting and Finance HELP Bachelor of Business (Hons) Year 3 INTERNAL SUBJECT...

published account published account i want to know the statement of profit or loss it is already based on the requirements but i would like want to have statement of financial position for this...

The annual report for Fraser & Neave Holdings Bhd is as follows: The annual report for Dutch Lady Milk Industry Bhd is as follows: Fraser & Neave Holdings Bhd and Dutch Lady Milk Industries Berhad...

This question must adhere to the rules of Malaysian accounting standards, which can be found on Google. There is no more information to this question. T_T I have already laid it all out. Permata Bhd,...

Hi. Please assist with multiple choice questions 26 - 30 as well as question 1 (written calculation question). This is based in on the South African Tax System. VAT Rate is 15%, Company Tax Rate is...

Based on your selected annual report: Compute all necessary ratios (10 marks)Discuss all relevant ratios affecting the overall performance of the business (10 marks)Decide as to whether you would...

QUESTION Topan Bhd is a company that in the man management of stock and the fac for isson 31 March 2019. The towing the twice engaged in the manufacturing of of food fra Cool Topan Bhd 31 Dec...

Using your notes, you write up the following statement: First, review the applications (2 days). Then start three tasks: notify the IT team (2 days), reserve a conference room (1 day), and set up an...

In most enzymes , the active site consists of only a few amino acids interacting with the substrate are the rest of the amino acids necessary

2 7 5 . Ben has requested a meeting with Julie,a licensed life agent,to discuss opening anRRSP.Ben works for a large manufacturer and hasa DCPP through his employer.Ben does notmake additional...

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...