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100+ Free STPM Perakaunan 948 Practice Questions

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2026 Statistics

Key Facts: STPM Perakaunan 948 Exam

STPM Perakaunan (948) is Form Six Accounting assessed through three compulsory written papers of 26.67% each (Kewangan 1, Kewangan 2, Pengurusan) plus either 20% coursework or a 20% alternative written paper under the refined syllabus from Semester 1 STPM 2026, graded on the A-to-F STPM scale where grade C (2.00) is a principal pass.

Sample STPM Perakaunan 948 Practice Questions

Try these sample questions to test your STPM Perakaunan 948 exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1In STPM Perakaunan, which statement BEST distinguishes accounting (perakaunan) from bookkeeping (simpan kira)?
A.Bookkeeping only records cash receipts; accounting only records credit sales
B.Bookkeeping is the systematic recording of transactions; accounting includes classifying, analysing and reporting information for users
C.Accounting is limited to tax returns; bookkeeping prepares published financial statements
D.Bookkeeping requires MIA membership; accounting does not
Explanation: The syllabus defines bookkeeping as recording, while accounting’s scope covers collecting, recording, classifying, analysing and reporting information to help decision-making and control.
2Which of the following is an accounting ASSUMPTION (andaian), not a principle, in Asas Perakaunan Kewangan?
A.Historical cost (kos sejarah)
B.Matching (pemadanan)
C.Going concern (usaha berterusan)
D.Full disclosure (pendedahan penuh)
Explanation: Going concern, accounting period and stable monetary unit are assumptions. Historical cost, matching and full disclosure are principles.
3A sole trader has assets of RM85,000 and liabilities of RM32,000. Owner’s equity is:
A.RM117,000
B.RM53,000
C.RM32,000
D.RM85,000
Explanation: Assets = Liabilities + Equity → Equity = RM85,000 − RM32,000 = RM53,000.
4Which sequence correctly describes the accounting cycle after source documents are received?
A.Financial statements → journals → ledger → trial balance → adjusting entries
B.Journals → ledger posting → trial balance → adjusting entries → adjusted trial balance → financial statements → closing entries
C.Closing entries → journals → bank reconciliation → trial balance
D.Trial balance → source documents → journals → ledger
Explanation: Recording in journals, posting, unadjusted trial balance, adjustments, adjusted trial balance, statements, then closing.
5On 1 March a firm receives RM3,600 cash for 6 months’ rent in advance. At 31 March the adjusting entry should:
A.Debit Unearned rent revenue RM3,600; credit Rent revenue RM3,600
B.Debit Unearned rent revenue RM600; credit Rent revenue RM600
C.Debit Rent revenue RM600; credit Unearned rent revenue RM600
D.Debit Cash RM600; credit Rent revenue RM600
Explanation: One month earned: RM3,600 ÷ 6 = RM600. Debit unearned liability; credit rent revenue. Cash was recorded on 1 March.
6Insurance of RM2,400 was paid on 1 July for 12 months. At 31 December, prepaid insurance remaining is:
A.RM2,400
B.RM1,200
C.RM1,000
D.RM0
Explanation: Six months used (Jul–Dec): expense RM1,200; prepaid remaining RM1,200.
7Which error does NOT affect the agreement of the trial balance totals?
A.A debit of RM500 to Cash posted as a credit to Cash
B.Omitting both the debit and credit of a RM900 journal entry from the ledger
C.Posting only the debit side of a RM200 entry to the ledger
D.Recording a RM70 debit as RM700 in the ledger debit column
Explanation: Omitting an entire double entry understates both totals equally, so they still agree.
8Purchase of a delivery van for RM48,000 cash is classified as:
A.Revenue expenditure that reduces profit immediately
B.Capital expenditure capitalised as a non-current asset
C.A liability increase with no asset change
D.Drawings that reduce owner’s equity only
Explanation: Acquisition of long-term PPE is capital expenditure, depreciated over useful life.
9Under the matching principle, depreciation of a production machine is recorded because:
A.Cash must leave the business each year equal to depreciation
B.The cost of service potential consumed is matched against period revenues
C.Tax law always requires the reducing-balance method
D.Assets must always be shown at market value
Explanation: Depreciation allocates depreciable cost to periods that benefit from the asset’s use.
10A credit sale of goods costing RM4,000 for RM6,500 (perpetual inventory). Correct entries include:
A.Debit Accounts receivable RM6,500; credit Sales RM6,500; and Debit COGS RM4,000; credit Inventory RM4,000
B.Debit Sales RM6,500; credit Accounts receivable RM6,500 only
C.Debit Inventory RM6,500; credit Sales RM6,500
D.Debit Accounts receivable RM4,000; credit Inventory RM4,000
Explanation: Perpetual system records revenue at selling price and removes inventory at cost to COGS.

About the STPM Perakaunan 948 Exam

Perakaunan (subject code 948) is the Accounting subject of the STPM, Malaysia's pre-university (Form Six) examination administered by Majlis Peperiksaan Malaysia. For the 2026 cohort the sukatan pelajaran yang dimurnikan (refined syllabus) applies from Semester 1 STPM 2026. Candidates sit three compulsory centrally assessed written papers — 948/1 Perakaunan Kewangan 1 (26.67%, 2 hours), 948/2 Perakaunan Kewangan 2 (26.67%, 2 hours) and 948/3 Perakaunan Pengurusan (26.67%, 2 hours) — covering financial accounting foundations through partnership and company reporting, plus management accounting topics such as costing, CVP, decisions, standard costing and budgeting. School candidates of types 1 and 7 also complete 948/4 Kerja Kursus (20%); private candidates of types 2, 3 and 8 and those taking Accounting outside the school package sit 948/5 Kertas Alternatif Bertulis (20%, 1½ hours) instead (MPM Peraturan dan Skema Peperiksaan STPM 2026). Results are reported on the STPM A-to-F cumulative grade point scale, with grade C and above counted as a principal pass. This practice bank is an English-language MCQ study adaptation that preserves MYR figures and core Malay accounting terminology where helpful.

Assessment

Under MPM Peraturan dan Skema Peperiksaan STPM 2026 and the sukatan pelajaran yang dimurnikan applying from Semester 1 STPM 2026: 948/1 Perakaunan Kewangan 1 — 26.67%, 2 hours; 948/2 Perakaunan Kewangan 2 — 26.67%, 2 hours; 948/3 Perakaunan Pengurusan — 26.67%, 2 hours (all three compulsory for every candidate type). Candidate types 1 and 7 take 948/4 Kerja Kursus (20%, Semesters 1–3). Candidate types 2, 3 and 8, and candidates taking Perakaunan outside the school package, take 948/5 Kertas Alternatif Bertulis (20%, 1½ hours, Semester 3). Official written papers are centrally assessed in Bahasa Melayu.

Time Limit

948/1, 948/2 and 948/3: 2 hours each; 948/5: 1½ hours; 948/4 coursework spans Semesters 1–3.

Passing Score

Graded A (4.00) to F (0.00); grade C (2.00) and above is a principal pass (lulus penuh), C-minus to D is a partial pass, and F is a fail.

Exam Fee

Free for government-school and Form Six Centre candidates; private and patching entries pay RM120 basic plus RM90 per subject; resits RM50 per subject. Confirm current rates on the MPM portal. (Majlis Peperiksaan Malaysia (Malaysian Examinations Council), under the Ministry of Education, Malaysia)

STPM Perakaunan 948 Exam Content Outline

15%

Financial Accounting Foundations and Cycle

GAAP, the accounting equation, journals and ledgers, accruals, error correction and sole-trader statements.

15%

Assets, Depreciation and Inventory

Bank reconciliation, receivables, inventory costing methods, PPE and depreciation calculations.

15%

Liabilities, Equity, Partnerships and Companies

Liabilities, partnership appropriation and changes, and limited-company share capital and reserves.

8%

Incomplete Records, Cooperatives and Internal Control

Incomplete records profit determination, cooperative basics and internal-control procedures.

15%

Management Accounting and Product Costing

Cost behaviour, materials/labour/overhead, job and process costing, and marginal versus absorption costing.

12%

CVP, Decisions and Standard Costing

Break-even and margin of safety, relevant-cost decisions, capital budgeting and variance analysis.

12%

Budgets, Ratios and Cash Flow

Master/flexible budgets, financial ratio analysis and the direct-method cash-flow statement.

8%

Examination Structure and Coursework

948 paper weights, candidate-type rules for Papers 4 and 5, and computerised accounting systems.

How to Pass the STPM Perakaunan 948 Exam

What You Need to Know

  • Passing score: Graded A (4.00) to F (0.00); grade C (2.00) and above is a principal pass (lulus penuh), C-minus to D is a partial pass, and F is a fail.
  • Assessment: Under MPM Peraturan dan Skema Peperiksaan STPM 2026 and the sukatan pelajaran yang dimurnikan applying from Semester 1 STPM 2026: 948/1 Perakaunan Kewangan 1 — 26.67%, 2 hours; 948/2 Perakaunan Kewangan 2 — 26.67%, 2 hours; 948/3 Perakaunan Pengurusan — 26.67%, 2 hours (all three compulsory for every candidate type). Candidate types 1 and 7 take 948/4 Kerja Kursus (20%, Semesters 1–3). Candidate types 2, 3 and 8, and candidates taking Perakaunan outside the school package, take 948/5 Kertas Alternatif Bertulis (20%, 1½ hours, Semester 3). Official written papers are centrally assessed in Bahasa Melayu.
  • Time limit: 948/1, 948/2 and 948/3: 2 hours each; 948/5: 1½ hours; 948/4 coursework spans Semesters 1–3.
  • Exam fee: Free for government-school and Form Six Centre candidates; private and patching entries pay RM120 basic plus RM90 per subject; resits RM50 per subject. Confirm current rates on the MPM portal.

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

STPM Perakaunan 948 Study Tips from Top Performers

1Drill the accounting cycle end-to-end: source documents → journals → ledger posting → unadjusted trial balance → adjusting entries → adjusted trial balance → financial statements → closing entries.
2Memorise depreciation formulae (straight-line, reducing balance, sum-of-years-digits, units of production) and practise full disposal entries with gain or loss in MYR.
3For inventory, work FIFO, LIFO and weighted-average on the same purchase/sale schedule so you can see how ending inventory and COGS differ.
4In partnership questions, separate capital and current accounts, then prepare the appropriation account with interest on capital, interest on drawings, salaries and residual profit share.
5Classify every cost as product vs period and fixed vs variable before attempting CVP, marginal/absorption costing or flexible-budget questions.
6Learn the MPM ratio formulae for current, quick, debt-equity, inventory turnover, receivables turnover, gross/net margin, ROA, EPS, P/E, dividend yield and payout.
7Know the 2026 weights: 26.67% + 26.67% + 26.67% + 20% (Paper 4 or 5), and whether you sit kerja kursus or the alternative written paper based on candidate type.

Frequently Asked Questions

What is STPM Perakaunan (subject code 948)?

Perakaunan (948) is the Accounting subject of the STPM, Malaysia's pre-university Form Six examination administered by Majlis Peperiksaan Malaysia. It develops financial and management accounting knowledge and calculation skills bridging SPM Prinsip Perakaunan toward diploma, degree and professional accounting study.

How is STPM Perakaunan structured and assessed in 2026?

Under MPM Peraturan dan Skema Peperiksaan STPM 2026, candidates sit 948/1 Perakaunan Kewangan 1 (26.67%, 2 hours), 948/2 Perakaunan Kewangan 2 (26.67%, 2 hours) and 948/3 Perakaunan Pengurusan (26.67%, 2 hours). School candidates of types 1 and 7 take 948/4 Kerja Kursus (20%). Private candidates of types 2, 3 and 8, and those taking Accounting outside the school package, take 948/5 Kertas Alternatif Bertulis (20%, 1½ hours) instead.

How is STPM Perakaunan graded?

STPM uses a cumulative grade point scale from A (4.00) down to F (0.00). Grade C (2.00) and above is a principal pass (lulus penuh), C-minus to D is a partial pass (lulus sebahagian), and F is a fail. The three written papers each contribute 26.67% and Paper 4 or 5 contributes 20% under the 2026 scheme.

What topics are covered in the Perakaunan 948 syllabus?

Core areas include financial accounting foundations and the accounting cycle; assets, depreciation and inventory; liabilities, equity, partnerships and companies; incomplete records, cooperatives and internal control; management accounting and product costing; CVP, decisions and standard costing; and budgets, ratio analysis and cash-flow statements, plus computerised accounting for coursework.

How much does it cost to sit STPM as a private candidate?

STPM is free for candidates in government schools and Form Six Centres. Private candidates and patching entries typically pay an RM120 basic fee plus RM90 per subject, with resits at RM50 per subject. Always confirm the current fee schedule on the MPM portal.

Who administers STPM Perakaunan and where is the official syllabus?

It is administered by Majlis Peperiksaan Malaysia (the Malaysian Examinations Council), a statutory body under the Ministry of Education. The official 948 Perakaunan sukatan pelajaran yang dimurnikan and the Peraturan dan Skema Peperiksaan STPM are published on the MPM portal at mpm.edu.my.

Are these practice questions the same as the official exam?

No. Official STPM Perakaunan papers are written and answered in Bahasa Melayu as structured calculation and essay papers, plus coursework or an alternative written paper. This bank is an English-language MCQ study adaptation for concepts and MYR calculations — it is not a simulation of the official 948/1–948/5 papers.