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Key Facts: Myanmar DA Part I Module I Exam
3 Papers
Total written subject examination papers in DA Part I Module I
Myanmar Accountancy Council DA syllabus
40 points
Minimum qualifying mark required per subject paper
Myanmar Accountancy Council examination rules
5 sittings
Maximum consecutive examinations allowed to pass both modules
Myanmar Accountancy Council examination regulations
The MAC DA Part I Module I Examination comprises 3 written subject papers. Candidates must achieve at least 40 points in each subject; failing any subject requires re-sitting all 3 papers in that module.
Sample Myanmar DA Part I Module I Practice Questions
Try these sample questions to review concepts for the Myanmar DA Part I Module I exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1Under the double-entry system of book-keeping, how are an increase in an asset and an increase in a liability recorded in the ledger?
A.Debit the asset account and credit the liability account
B.Credit the asset account and debit the liability account
C.Debit both the asset account and the liability account
D.Credit both the asset account and the liability account
Explanation: According to the fundamental rules of double-entry book-keeping, increases in asset accounts are recorded as debits, while increases in liability accounts are recorded as credits. This maintains the accounting equation Assets = Liabilities + Capital. (This question is part of an independent English-language MCQ study adaptation for the Myanmar Accountancy Council Diploma in Accountancy Part I Module I Examination.)
2A trader purchases office equipment on credit from Apex Ltd for MMK 2,500,000. Which journal entry correctly records this transaction?
A.Debit Office Equipment MMK 2,500,000; Credit Apex Ltd MMK 2,500,000
B.Debit Purchases MMK 2,500,000; Credit Apex Ltd MMK 2,500,000
C.Debit Apex Ltd MMK 2,500,000; Credit Office Equipment MMK 2,500,000
D.Debit Office Equipment MMK 2,500,000; Credit Cash MMK 2,500,000
Explanation: Purchasing a non-current asset on credit increases the asset Office Equipment (debited) and increases the liability owed to the supplier Apex Ltd (credited). Purchases account is reserved only for goods acquired for resale. (This question is part of an independent English-language MCQ study adaptation for the Myanmar Accountancy Council Diploma in Accountancy Part I Module I Examination.)
3Which of the following expenditures must be classified as capital expenditure rather than revenue expenditure?
A.Delivery and installation costs of a newly acquired manufacturing machine
B.Annual property insurance premium paid on the factory building
C.Routine oil replacement and minor servicing of delivery vans
D.Cost of repainting the interior walls of an existing administrative office
Explanation: Capital expenditure includes costs incurred to acquire, deliver, and install a non-current asset to bring it into working condition for its intended use. Routine maintenance, repairs, and annual insurance are ongoing operating costs classified as revenue expenditure. (This question is part of an independent English-language MCQ study adaptation for the Myanmar Accountancy Council Diploma in Accountancy Part I Module I Examination.)
4A business purchases machinery for MMK 10,000,000 with an estimated useful life of 5 years and an expected residual value of MMK 1,000,000. Using the straight-line method, what is the annual depreciation charge?
A.MMK 1,800,000
B.MMK 2,000,000
C.MMK 2,200,000
D.MMK 1,820,000
Explanation: Under the straight-line method, annual depreciation equals (Cost - Residual Value) / Useful Life = (MMK 10,000,000 - MMK 1,000,000) / 5 = MMK 9,000,000 / 5 = MMK 1,800,000. (This question is part of an independent English-language MCQ study adaptation for the Myanmar Accountancy Council Diploma in Accountancy Part I Module I Examination.)
5A delivery vehicle was bought on 1 January Year 1 for MMK 8,000,000. Depreciation is provided at 20% per annum using the reducing balance method. What is the carrying amount (net book value) of the vehicle at 31 December Year 2?
A.MMK 5,120,000
B.MMK 4,800,000
C.MMK 6,400,000
D.MMK 5,400,000
Explanation: For Year 1, depreciation is 20% of MMK 8,000,000 = MMK 1,600,000, leaving a carrying amount of MMK 6,400,000. For Year 2, depreciation is 20% of MMK 6,400,000 = MMK 1,280,000. The carrying amount at 31 December Year 2 is MMK 6,400,000 - MMK 1,280,000 = MMK 5,120,000. (This question is part of an independent English-language MCQ study adaptation for the Myanmar Accountancy Council Diploma in Accountancy Part I Module I Examination.)
6A business sells a machine for MMK 5,200,000 cash. The machine originally cost MMK 12,000,000 and had accumulated depreciation of MMK 7,500,000 at the date of disposal. What is the gain or loss on disposal?
A.Gain on disposal of MMK 700,000
B.Loss on disposal of MMK 700,000
C.Gain on disposal of MMK 200,000
D.Loss on disposal of MMK 6,800,000
Explanation: Carrying amount at disposal = Cost - Accumulated Depreciation = MMK 12,000,000 - MMK 7,500,000 = MMK 4,500,000. Gain on disposal = Sale Proceeds - Carrying Amount = MMK 5,200,000 - MMK 4,500,000 = MMK 700,000 gain. (This question is part of an independent English-language MCQ study adaptation for the Myanmar Accountancy Council Diploma in Accountancy Part I Module I Examination.)
7In a three-column cash book, what do the discount columns on the debit and credit sides record?
A.Debit side records discounts allowed; credit side records discounts received
B.Debit side records discounts received; credit side records discounts allowed
C.Debit side records trade discounts allowed; credit side records cash discounts received
D.Both debit and credit sides record cash discounts allowed to trade debtors
Explanation: The debit side of the three-column cash book records receipts from customers and discounts allowed to them, while the credit side records payments to suppliers and discounts received from them. Trade discounts are never entered in the cash book. (This question is part of an independent English-language MCQ study adaptation for the Myanmar Accountancy Council Diploma in Accountancy Part I Module I Examination.)
8A firm maintains a petty cash book under the imprest system with a float of MMK 150,000. During the month, petty cash vouchers total MMK 112,000, leaving MMK 38,000 in cash. What amount of cash must the chief cashier reimburse to restore the float?
A.MMK 112,000
B.MMK 38,000
C.MMK 150,000
D.MMK 74,000
Explanation: Under the imprest system, the amount reimbursed at the end of the period is exactly equal to the total expenditure incurred (vouchers total), which is MMK 112,000, so that the float returns to the agreed amount of MMK 150,000. (This question is part of an independent English-language MCQ study adaptation for the Myanmar Accountancy Council Diploma in Accountancy Part I Module I Examination.)
9A trader's cash book shows a debit balance of MMK 1,450,000. On comparing with the bank statement, the trader discovers bank service charges of MMK 30,000 and a direct debit for insurance of MMK 120,000 not yet recorded in the cash book. What is the updated cash book balance?
A.MMK 1,300,000 debit
B.MMK 1,600,000 debit
C.MMK 1,300,000 credit
D.MMK 1,340,000 debit
Explanation: Bank service charges and direct debits represent cash outflows that must be credited in the cash book. Updated cash book balance = MMK 1,450,000 - MMK 30,000 - MMK 120,000 = MMK 1,300,000 debit. (This question is part of an independent English-language MCQ study adaptation for the Myanmar Accountancy Council Diploma in Accountancy Part I Module I Examination.)
10A bank statement shows a credit balance of MMK 2,100,000. Unpresented cheques amount to MMK 450,000 and uncredited lodgments (deposits in transit) amount to MMK 650,000. What is the adjusted cash book balance?
A.MMK 2,300,000 debit
B.MMK 1,900,000 debit
C.MMK 3,200,000 debit
D.MMK 2,300,000 credit
Explanation: Starting from the bank statement credit balance of MMK 2,100,000: add uncredited lodgments (MMK 650,000) and deduct unpresented cheques (MMK 450,000). Adjusted cash book balance = MMK 2,100,000 + MMK 650,000 - MMK 450,000 = MMK 2,300,000 debit. (This question is part of an independent English-language MCQ study adaptation for the Myanmar Accountancy Council Diploma in Accountancy Part I Module I Examination.)
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