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Key Facts: Myanmar DA Part I Exam
5 Papers
Total written subject examination papers in DA Part 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 Examination comprises 5 written subject papers across two modules. Candidates must achieve at least 40 points in each subject, can sit all modules or module by module, and must complete both modules within 5 consecutive examination sittings.
Sample Myanmar DA Part I Practice Questions
Try these sample questions to review concepts for the Myanmar DA Part I exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 90+ question experience with AI tutoring.
1Under the fundamental rules of double-entry book-keeping, how are increases in asset accounts and increases in liability accounts recorded?
A.Asset increases are debited; liability increases are credited
B.Asset increases are credited; liability increases are debited
C.Both asset and liability increases are debited
D.Both asset and liability increases are credited
Explanation: In double-entry book-keeping, the basic rule states that increases in assets and expenses are recorded as debits, whereas increases in liabilities, capital, and revenue are recorded as credits. This question is part of an independent English-language study adaptation for candidates preparing for the written Myanmar Accountancy Council (MAC) Diploma in Accountancy Part I examination.
2What is the primary function of extracting a trial balance at the end of an accounting period?
A.To test the arithmetical accuracy of the double-entry ledger postings
B.To calculate the exact net profit or loss generated by the business
C.To value the non-current assets at their current market values
D.To detect all accounting errors including errors of omission and principle
Explanation: A trial balance lists all debit and credit ledger balances to ensure total debits equal total credits, verifying mechanical and arithmetical accuracy. It does not measure profit or detect errors where equal debits and credits were posted improperly. This question is part of an independent English-language study adaptation for candidates preparing for the written Myanmar Accountancy Council (MAC) Diploma in Accountancy Part I examination.
3When a sole proprietor introduces 5,000,000 MMK of personal cash into the business bank account, how does this transaction affect the accounting equation?
A.Bank asset increases by 5,000,000 MMK and Proprietor's Capital increases by 5,000,000 MMK
B.Bank asset increases by 5,000,000 MMK and Trade Payables increase by 5,000,000 MMK
C.Proprietor's Capital decreases by 5,000,000 MMK and Cash asset increases by 5,000,000 MMK
D.Bank asset increases by 5,000,000 MMK and Drawings increase by 5,000,000 MMK
Explanation: The accounting equation is Assets = Liabilities + Capital. Injecting personal funds increases the business asset Bank (debit) and increases owner equity via the Capital account (credit) by 5,000,000 MMK. This question is part of an independent English-language study adaptation for candidates preparing for the written Myanmar Accountancy Council (MAC) Diploma in Accountancy Part I examination.
4Which source document is issued to a customer when they return faulty merchandise that had previously been sold on credit?
A.Credit note
B.Debit note
C.Sales invoice
D.Remittance advice
Explanation: A credit note is issued by a seller to notify a customer that their account has been credited (reduced) due to sales returns or price allowances. The entry is recorded in the returns inwards journal. This question is part of an independent English-language study adaptation for candidates preparing for the written Myanmar Accountancy Council (MAC) Diploma in Accountancy Part I examination.
5Under the straight-line method of depreciation, how is the annual depreciation expense calculated?
A.(Historical Cost - Estimated Residual Value) / Estimated Useful Life in years
B.Net Book Value at start of year multiplied by a fixed percentage rate
C.Historical Cost multiplied by the prevailing commercial bank lending rate
D.(Net Book Value - Estimated Residual Value) / Remaining Useful Life squared
Explanation: The straight-line method allocates an equal amount of depreciable cost (cost less residual value) over the asset's estimated economic life. This results in a uniform annual depreciation expense. This question is part of an independent English-language study adaptation for candidates preparing for the written Myanmar Accountancy Council (MAC) Diploma in Accountancy Part I examination.
6In an imprest petty cash system, how is the periodic reimbursement amount determined?
A.It equals the exact total of approved vouchers paid out during the period
B.It is an arbitrary lump sum determined by the chief cashier each Monday
C.It equals the original float plus any cash discounts received from suppliers
D.It is 50% of the total monthly sales revenue of the enterprise
Explanation: Under the imprest system, the petty cashier is given a set float. At the end of the period, the chief cashier reimburses the exact sum of all valid expense vouchers paid out, restoring the cash in hand back to the agreed float level. This question is part of an independent English-language study adaptation for candidates preparing for the written Myanmar Accountancy Council (MAC) Diploma in Accountancy Part I examination.
7A business purchased manufacturing machinery on 1 January for 12,000,000 MMK. It paid 1,000,000 MMK for transport and 1,000,000 MMK for installation. The estimated scrap value is 2,000,000 MMK after a useful economic life of 6 years. Using the straight-line method, what is the annual depreciation charge?
A.2,000,000 MMK
B.1,666,667 MMK
C.2,333,333 MMK
D.2,500,000 MMK
Explanation: Total capital cost includes the purchase price plus costs required to bring the asset into working condition: 12,000,000 + 1,000,000 + 1,000,000 = 14,000,000 MMK. Subtracting the scrap value of 2,000,000 MMK leaves a depreciable amount of 12,000,000 MMK. Divided by 6 years, the annual depreciation is 2,000,000 MMK. This question is part of an independent English-language study adaptation for candidates preparing for the written Myanmar Accountancy Council (MAC) Diploma in Accountancy Part I examination.
8A commercial van was bought for 10,000,000 MMK on 1 January Year 1. Depreciation is charged at 20% per annum using the reducing balance method. What is the net book value (carrying amount) of the van at 31 December Year 2?
A.6,400,000 MMK
B.6,000,000 MMK
C.7,200,000 MMK
D.8,000,000 MMK
Explanation: In Year 1, depreciation is 20% of 10,000,000 MMK = 2,000,000 MMK, leaving a book value of 8,000,000 MMK. In Year 2, depreciation is 20% of 8,000,000 MMK = 1,600,000 MMK. Therefore, the net book value at the end of Year 2 is 8,000,000 - 1,600,000 = 6,400,000 MMK. This question is part of an independent English-language study adaptation for candidates preparing for the written Myanmar Accountancy Council (MAC) Diploma in Accountancy Part I examination.
9At 31 December, a firm's trade receivables balance stands at 16,000,000 MMK, which includes a confirmed bad debt of 1,000,000 MMK that must be written off immediately. The firm maintains an allowance for doubtful debts of 5% on remaining receivables. If the opening balance of the allowance was 450,000 MMK, what amount should be charged to the income statement for the year?
A.1,300,000 MMK
B.750,000 MMK
C.300,000 MMK
D.1,000,000 MMK
Explanation: Remaining receivables after writing off the irrecoverable debt are 16,000,000 - 1,000,000 = 15,000,000 MMK. The required closing allowance is 5% of 15,000,000 = 750,000 MMK. The increase in allowance is 750,000 - 450,000 = 300,000 MMK. Total charge to the income statement is bad debts written off (1,000,000) plus the increase in allowance (300,000) = 1,300,000 MMK. This question is part of an independent English-language study adaptation for candidates preparing for the written Myanmar Accountancy Council (MAC) Diploma in Accountancy Part I examination.
10A trader's cash book shows a debit bank balance of 4,800,000 MMK on 30 June. Upon inspecting the bank statement, the trader discovers bank service charges of 50,000 MMK and a direct customer bank transfer of 650,000 MMK that have not yet been entered in the cash book. What is the updated, correct cash book balance?
A.5,400,000 MMK
B.4,200,000 MMK
C.5,500,000 MMK
D.4,100,000 MMK
Explanation: Before compiling the bank reconciliation statement, unrecorded items must be posted to the cash book. The updated cash book balance is 4,800,000 (opening debit) + 650,000 (direct credit receipt) - 50,000 (bank charges payment) = 5,400,000 MMK debit. This question is part of an independent English-language study adaptation for candidates preparing for the written Myanmar Accountancy Council (MAC) Diploma in Accountancy Part I examination.
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