Question: the correct answers please for 1&2? Single entry and incomplete may occur due to the following EXCEPT O the business doesn't want to pay for
Single entry and incomplete may occur due to the following EXCEPT O the business doesn't want to pay for accounting and recording cost O the business run without accounts and finance department O the business doesn't aware about the importance of profit determination the business doesn't aware about the importance of accounting and proper recording Stay Fit gains a client who prepays RM540 for a package of 6 physical training sessions. Stay Fit collects the RM540 in advance and will provide the training later. After four training sessions, what should Stay Fit report on its Statement of Profit or Loss (assuming Stay Fit uses accrual basis accounting method) * Service revenue RM360 Service revenue RM540 Unearned service revenue RM180 Unearned service revenue RM360
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