Acc106 Assignment

GROUP ASSIGNMENT ACC106

Group : JBM1171D

Prepared by :

MUHAMMAD HAMBALLI BIN ZAKARIA

NURRUL HAZIEQAH BINTI ROHMANAN

SITI NURFATIN IZZATI BINTI OTHMAN

ZALIKHA BINTI DZUL RAZIB

Prepared for : MISS NORHIDAYAH BINTI ABDULLAH

Submitted on : 3 September 2012

ATTENTION !

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Content

No. Particular Page

1 Background of The Company

2 Transaction

3 Journal

4 Ledger

5 Trial balance

Company Background

2

HAFIZZ STATIONARY AND BOOK STORE

Location of business :

No. A 36/01 , Jalan Si Manja Kini ,

Taman Inderapura , 84480 Bukit Bintang ,

Kuala Lumpur.

Operation Hour : 8.00am – 10.00pm , Off day on Friday.

No. Tel. : 07-9811627

Activity of the business : Achieved the goals of profit in the business. Doing the job with more

effective and efficient and give the best service to the customers.

Capital : RM 50,000

Financial year end : 1 Dec 2012

Transaction

3

The following are the business transaction in December 2012 :

Dec 1 Started the business with cash RM20,000 , bank RM20,000 and premises RM10,000.

2 Bought office equipment by cash from Court Jati worth RM2,500.

4 The business purchased goods from Co. Luna Sdn. Bhd. on credit amounting RM5,000. (invoice no. 980)

6 Sold goods worth RM7,700 by cash.

8 Bought a Photostat Machine which cost RM950 from Fatin Enterprise paid by cheque. (cheque no. 232 441)

9 Sold goods to Hamballi amounting RM6,900 on credit. (invoice no. 007)

11 Paid general expenses RM500 by cash.

12 The business returns goods to Co. Luna Sdn. Bhd. worth RM1,300. (credit note no. 448)

14 Hamballi returned goods worth RM500. (credit note no. 8981)

15 The business paid the amount due in full by cheque to Co. Luna Sdn. Bhd. and received 10% discount. (cheque no. 232 442)

16 Purchased goods for RM6,000 on credit from Manga Sdn. Bhd. (invoice no. 698)

18 Sold goods worth RM18,000 on credit to Azhar. (invoice no. 736)

The business purchased goods on credit RM5,000 from Stabillo Bhd. (invoice no. 123)

20 Goods worth RM400 returned by Hamballi. (credit note no. 8982)

21 The owner sold goods to Hazieqah worth RM10,000 by cheque.

22 Purchased goods for RM200 by cash from Orange Enterprise.

24 Sold goods to Zalikha amounting RM8,000 by cheque.

Hamballi paid the amount due in full by cheque and was allowed of RM225 discount.

25 Received rental payment worth RM900 by cash.

26 Purchased goods worth RM500 by cash from Creative Product.

27 Returned damaged goods worth RM888 to Stabillo Bhd. (credit note no 556)

Sold goods on credit RM9,090 to Izzati. (invoice no.333)

29 Azhar retuned faulty goods worth RM1,200. (credit note no.231)

4

Returned goods bought on credit RM700 to Manga Sdn. Bhd.(credit note no. 569)

30 Paid electricity bills RM330 by cheque to Tenaga Nasional Bhd. (cheque no. 232 443)

31 Received sales commission of RM1,000 by cash.

Paid salary to workers RM3,000 by cheque. (cheque no. 232 444)

5

JOURNALGeneral Journal

Date Details FolioDebit (RM)

Credit (RM)

2012Dec 01 Cash GL6 20,000

Bank GL5 20,000 Premises GL3 10,000 Capital GL1 50,000(Started the business with cash, bankand premises)

02 Office Equipment GL2 2,500 Cash GL6 2,500(Bought office equipment by cashfrom Court Jati)

08 Photostat machine GL4 950 Cash GL6 950(Bought photostat machine by cash from

Fatin Enterprise)

Purchases Journal

Date ParticularInvoice

no.Folio

Amount (RM)

Dec-03 Co. Luna Sdn. Bhd. 980 PL1 5,00016 Manga Sdn. Bhd. 689 PL2 6,00018 Stabillo Bhd. 123 PL3 5,000

Transferred to Purchases a/c GL8 16,000

6

Sales Journal

Date ParticularInvoice

no.Folio

Amount (RM)

Dec-09 Hamballi 007 SL1 6,90018 Azhar 736 SL2 18,00027 Izzati 333 SL3 9,090

Transferred to Sales a/c GL7 33,990

Return Outwards Journal

Date ParticularCredit

note no.Folio

Amount (RM)

Dec-12 Co. Luna Sdn. Bhd. 448 PL1 1,30027 Stabilo Berhad 556 PL3 88829 Manga Sdn. Bhd, 569 PL2 700

Transferred to Return Outward a/c GL9 2,888

Return Inwards Journal

Date ParticularCredit

note no.Folio

Amount (RM)

Dec-14 Hamballi 8981 SL1 50020 Hamballi 8982 SL1 40029 Azhar 2312 SL2 1,200

Transferred to Return Inwards a/c GL10 2,100

7

Cash Payment Journal

DateCheque

no.Details Folio

Discount Received

Bank (RM)

Cash (RM)

Dec-11 General Expenses GL14 50015 232 442 Co. Luna Sdn.Bhd. PL1 370 3,33022 Orange Enterprise GL8 20026 Creative Product GL8 50030 232 443 Electricity bills (TNB) GL12 33031 232 444 Salary Expenses GL14 3,000

GL 370 6,660 1200

Cash Receipt Journal

DateReceipt

no.Details Folio

Discount Received

Cash (RM)

Bank (RM)

Dec-06 011 Sales GL1 7,700

21 012Hazieqah GL7 10,000

24 013 Zalikha GL7 8,000014 Hamballi SL1 225 5,775

25 015 Rental received GL17 900

31 016Commission received GL11 1,000

GL 225 23,775 9,600

8

LEDGER Purc

hase Ledger

Co. Luna Sdn. Bhd. PL1

Date Details Folio Amount (RM) Date Details FolioAmount

(RM)

Dec-12Return Outwards ROJ1 1,300 Dec-03 Purchased PJ1 5,000

15 Bank CPJ1 3,330Discount Allowed 370

5,000 5,000

Manga Sdn. Bhd. PL2


(RM)

Dec-21Return Outwards ROJ3 700 Dec-10 Purchased PJ2 6,000

31 Bal c/d 5,300

6,000 6,000

Jan-01 Bal b/d 5,300

Stabilo Bhd. PL3


(RM)

Dec-27Return Outwards ROJ2 888 Dec-10 Purchased PJ3 5,000

31 Bal c/d 4,112

5,000 5,000


Sales Ledger

9

Hamballi SJ1


(RM)

Dec-12 Sales SJ1 6,900 Dec-18Return Inwards RIJ1 500

20Return Inwards RIJ1 400

24 Bank CRJ1 5,775Discount Alllowed 225

6,900 6,900

Azhar SJ2


(RM)

Dec-18 Sales SJ2 18,000 Dec-27Return Inwards RIJ3 1,200

31 Bal c/d 16,800

18,000 18,000

Jan-01 Bal b/d 16,800

Izzati SJ3


(RM)

Dec-27 Sales SJ3 9,090 Dec-31 Bal c/d 9,090


General Ledger

10

Capital GL1


(RM)

Dec-31 Bal c/d 50,000 Dec-01 Cash GJ1 20,000Bank GJ1 20,000Premises GJ1 10,000

50,000 50,000

Jan-01 Bal b/d 50,000

Office Equipment GL2


(RM)

Dec-08 Cash CPJ1 2,500 Dec-31 Bal c/d 2,500


Premises GL3


(RM)

Dec-01 Capital GL5 10,000 Dec-31 Bal c/d 10,000

Jan-01 Bal b/d 10,000

Photostat Machine GL4


(RM)

Dec-08 Bank CPJ1 950 Dec-31 Bal c/d 950

Jan-01 Bal b/d 950

Bank GL5


(RM)

11

Dec-01 Capital GJ1 20,000 Dec-08Photostat Machine GJ1 950

31Total Receipt CRJ1 23,775 31

Total Payment CPJ1 6,660

Bal c/d 36,165

43,775 43,775

Jan-01 Bal b/d 36,165

Cash GL6


(RM)

Dec-01 Capital GL1 20,000 Dec-02Office Equipment GL1 2,500

31Total Receipt CRJ1 9,600 31

Total Payment CPJ1 1,200

Bal c/d 25,900

29,600 29,600

Jan-01 Bal b/d 25,900

Sales GL7


(RM)

Dec-31 Bal c/d 59,690 Dec-06 Cash CRJ1 7,70021 Bank CRJ1 10,00024 Bank CRJ1 8,00031 Total sales SJ1 33,900

59,690 59,600

Jan-01 Bal b/d 59,600

Purchases GL8


(RM)

12

Dec-22 Cash CPJ1 200 Dec-31 Bal c/d 16,70026 Cash CPJ1 500

31Total purchases PJ1 16,000

16,700 16,700

Jan-01 Bal b/d 16,700

Returns Outwards GL9


(RM)

Dec-31 Bal c/d 2,888 Dec-31Total Return ROJ1 2,888

Outwards


Returns Inwards GL10


(RM)

Dec-31Total Return RIJ1 2,100 Dec-31 Bal c/d 2,100

Inwards


Commission Received GL11


(RM)

Dec-31 Bal c/d 1,000 Dec-31 Cash CRJ1 1,000


Electricity Bills GL12


(RM)

Dec-30 Bank CPJ1 330 Dec-31 Bal c/d 300

13

Jan-01 Bal b/d 330

12 Salary Expenses GL13


(RM)

Dec-30 Bank CPJ1 3,000 Dec-31 Bal c/d 3,000


General Expenses GL14


(RM)

Dec-12 Cash CPJ1 500 Dec-31 Bal c/d 500

Jan-01 Bal b/d 500

Discount Allowed GL15


(RM)

Dec-24 Hamballi CPJ1 225 Dec-31 Bal c/d 225

Jan-01 Bal b/d 225

Discount Received GL16


(RM)

Dec-31 Bal c/d 370 Dec-15Co. Luna Sdn. Bhd. CRJ1 370

Jan-01 Bal b/d 370

Rental Received GL17


(RM)

Dec-31 Bal c/d 900 Dec-25 Cash CRJ1 900

Jan-01 Bal b/d 900

14

15

TIAL BALANCE

Hafizz Stationary and Book Store Enterprise Trial Balance as at 31 December 2012

Details Debit (RM) Credit (RM)Capital 50,000Cash 25,900Bank 36,165Premises 10,000Sales 59,690Purchases 16,700Return Outwards 2,888Return Inwards 2,100Rental Received 900Electricity Bills 330Commision Received 1,000Salary Expenses 3,000General Expenses 500Office Equipment 2,500Photostat Machine 950Discount Allowed 225Discount Received 370Manga Sdn. Bhd. 5,300Stabilo Bhd. 4,112Azhar 16,800Izzati 9,090

TOTAL : 124,260 124,260

All right reserved to “SAMIQA”. Copyright is not allowed, acceptable just for as guide to do an account assignment :’) Visit my blog : http:youismysoul.blogspot.com

16

Acc106 Assignment

Documents

returned goods

goods worth rm18

goods worth rm400

goods worth rm7

business returns goods

purchased goods worth

faulty goods worth rm1

damaged goods worth