Assignment FAR 110 uitm

FAR 110

ACCOUNTING SIMULATION

PUAN NOOR SAATILA BINTI MOHD ISA

Prepared by:

NURBALQIS BINTI MOHD YAHYA (2014610132)

NUR AISYA BINTI ZULKEFLE (2014452968)

DAYANG NATASYA BT. ABDUL WAHID (2014479958)

NOOR ALIA BINTI AMIR (2014224232)

Acknowledgement

Alhamdulillah and gratitude to the Almighty for giving us the strength and patience

to complete this assignment.

We would like to express our gratitude to everyone that involve rather direct or

indirectly in helping us to complete this assignment. Firstly, we really appreciate all the

helps , advisors and information which given by our lecturer , Puan Noor Saatila. Without her

support, we may not able to solve problem during the process untill we finish the assignment

successfully.

In addition, we would like to take this opportunity to thanks those of our friend who

helped us and giving some guide to complete this assignment. Last but not least, thousands of

thanks we would like to express to our group member for the cooperation given to the group.

Without the cooperation and tolerance between the group members, we couldn’t finish this

assignment. Finally, thanks again to anyone who had helped us and guided us in order to

finish the assignment.

Background of the Business

1. Name of the business #OOTD

2. Owner Affiya Durriyah

3. Location Lot 3F-5, 3nd Floor , SACC Mall Jalan Perbadanan 14/9 Seksyen 14, 4000 Shah Alam, Selangor.

4. Type of business Sole Proprietorship

5. Accounting period One Months

6. Activity of the business

Sell cloths

7. Worker One (Dian Zara )

8. Business Status Continuing the business

Transaction

No. Date Transaction1. 2014

July 1 RMFixtures and fittings 15 000Bank 74 000Cash 5 000Capital 94 000

2. 2 Made a loan from An Bank amounting RM 7500.3. 4 Purchased goods RM 1500 from FS Outlet and paid by cash.4. 4 Made a loan from Mybank amounting RM 5000.5. 5 Sold goods on cash to Superb Sisters Enterprise RM 2250.6. 6 Purchased goods worth RM 4000 from Anabell Outlet on credit and

received trade discount worth 3%7. 7 Purchased goods RM 300 from Rasa Sayang outlet and paid by cheque.8. 8 Sold goods on cash to SS Outlet Rm 1600.9. 9 Sold goods on credit to Brezeliuz Outlet RM 1000 and give a trade

discount worth 2%10. 10 Purchased a second hand van with cheque worth RM 10 000.11. 11 Purchased furniture on credit from Ana Furniture worth RM 10 000.12. 12 Purchased goods RM 5600 from Queen Lady on credit and received

trade discount worth 3%13. 13 Sold goods on credit to HS Outlet RM 800 and give a trade discount

worth 2%14. 14 Issued a debit note to Anabell Outlet for goods returned amounting RM

20015. 15 Rental received amounting RM 800 by cash.16. 15 Sold goods on credit to Balqis collection RM 3500.17. 16 Paid Queen Lady by cash for settlement of its credit purchased on 12

July 2014.18. 17 Sold goods on credit RM 2800 to HDE Collection.19. 18 Received cheque from Brezelius Outlet for settlement of its credit sales.20. 19 Received a cheque from HS Outlet for settlement of its credit sales.21. 20 Received a debit note from HDE Collection for goods returned RM

840.22. 21 Purchased good RM 650 from forever 21 outlet on credit.23. 22 Paid Anabell outlet by cheque for its credit purchased on 9 July 2014.24. 23 Car repair expanses by cheque amounting RM 350.25. 24 Paid electricity expanses RM 120 by cash.26. 26 Paid RM 500 for rental by cash.27 27 Received comission amounting RM 1000 by cash28 28 Withdraw goods worth RM 200 and cash RM 200 for personal use.29 29 Paid the worker salary RM 1500 by cheque.30 31 Inventory as at 31 July 2014 amounted to RM 10350.

MEMOLot 3F-5, 3nd Floor , SACC Mall

Jalan Perbadanan 14/9 Seksyen 14,4000 Shah Alam, Selangor.

Auditor, No : 006

Asset and liability balance from last month. Fixture and fittings RM 15000, bank RM 74000 , Cash RM 5000.

Document 1

AN Bank (M) Bhd

CREDIT INFORMATION

To: #ootd Account No :060996010397

Date : 2 July 2014

LOAN : SHOP UPGRADES

Amount (RM)7500

Document 2

CASH PAYMENTFS Outlet

3-6-9 Lot 14 , Jalan Perak13600 Bukit Jambul

Pulau Pinang.

ORIGINALNo: CP078

Date: 4 July 2014

To: #ootdLot 3F-5, 3nd Floor , SACC MallJalan Perbadanan 14/9 Seksyen 14,4000 Shah Alam, Selangor.

# Quantity

Price per unit

(RM)

Amount (RM)

1. Goods 15 100 15002.3.4.

Amount 1500RM: ONE THOUSAND FIVE HUNDRED

Cash / Cheque No:

Document 3

MayBank (M) Bhd

CREDIT INFORMATION

To: #ootd Account No:060996010397

Date : 4 July 2014

LOAN: SHOP UPGRADES

Amount (RM)5000

FIVE THOUSAND

Document 4

CASH PAYMENT#ootd

Lot 3F-5, 3nd Floor , SACC MallJalan Perbadanan 14/9 Seksyen 14,

4000 Shah Alam, Selangor.

COPYNo: CP069

Date: 5 July 2014

TO:Superb Sisters Enterprise9-6 Jalan Mutiara11200 Bagan AjamPulau Pinang

# Quantity

Price per unit

(RM)

Amount (RM)

1. Goods 45 50 22502.3.4.

Amount 2250TWO THOUSAND TWO HUNDRED AND FIFTY

Cash / Cheque No:

Document 5

INVOIS ORIGINAL

Anabell OutletLot 7337-03

Jalan Pelangi 14300,Pulau Pinang

No: INV 024Date:6 July 2014

TO:#ootdLot 3F-5, 3nd Floor , SACC MallJalan Perbadanan 14/9 Seksyen 14,4000 Shah Alam, Selangor.

# QuantityPrice per unit (RM)

Amount (RM)

1. Goods 80 50 40002.3.4.

Amount 4000FOUR THOUSAND

DOCUMENT 6

CASH PAYMENTRasa Sayang Outlet

2468 Lot 13, Jalan Emas,13600 Bukit Jambul

Pulau Pinang.

ORIGINALNo: BT123

Tarikh: 2 Ogos 2012

Kepada:#ootdLot 3F-5, 3nd Floor , SACC MallJalan Perbadanan 14/9 Seksyen 14,4000 Shah Alam, Selangor.

# Quantity

Price per unit

(RM)

Amount (RM)

1. Goods 10 30 22502.3.4.

Amount 2250TWO THOUSAND TWO HUNDRED AND FIFTY

Cash / Cheque No: AN 000124Document 7

CASH PAYMENT#ootd


4000 Shah Alam, Selangor.

COPYNo: CP070

Date: 8 July 2014

TO: SS OutletNo 9, Jalan Bahagia,14000 Bukit Mertajam,Pulau Pinang.

# Quantity

Price per unit

(RM)

Amount (RM)

1. Goods 30 70 16002.3.4.

Amount 1600ONE THOUSAND SIX HUNDRED

Cash / Cheque No:

Document 8

INVOIS#ootd


4000 Shah Alam, Selangor

COPYNo: INV 024

Date:9 July 2014

TO:Brezelius OutletNo 14, Lorong 10,Taman Bukit Minyak 14000Pulau Pinang..


Amount (RM)

1. Goods 80 50 40002.3.4.

Amount 4000FOUR THOUSAND

Trade Discount : 2%

DOCUMENT 9



Auditor, No : 007

Bought a second hand van with cheque worth RM 10000 on 10 July 2014

Document 10

INVOISAlam PerabotLot 39, Jalan 123,

Taman Delima 14000Pulau Pinang

ORIGINALNo: INV 024

Date:11 July 2014

TO:#ootdLot 3F-5, 3nd Floor , SACC MallJalan Perbadanan 14/9 Seksyen 14,4000 Shah Alam, Selangor


Amount (RM)

1. Furniture 1 10 000 10 0002.3.4.

Amount 10 000TEN THOUSAND

DOCUMENT 11

INVOISButik Queen LadyNo 40 Jalan Bahagia,

96000 Bukit MertajamPulau Pinang

ORIGINALNo: INV 025

Date:12 July 2014



Amount (RM)

1. Goods 70 80 56002.3.4.

Amount 5600FIVE THOUSAND AND SIC HUNDRED

Trrade discount : 3%

DOCUMENT 12

INVOIS#ootd



COPYNo: INV 025

Date:13 July 2014

TO:HS OutletNo 42, Lorong Relau,11190 Bukit Jambul,Pulau Pinang.


Amount (RM)

1. Goods 10 80 8002.3.4.

Amount 800EIGHT HUNDRED

Trade Discount : 2%

DOCUMENT 13

CREDIT NOTEHDE Collection

No. 7 , Jalan 2419,Taman Lara 19600,

Pulau Pinang.

COPYNo: CN020

Date : 14 July 2014


#Quantit

yPrice per unit (RM)

Amount (RM)

1. goods 4 50 2002.3.

Amount 200TWO HUNDRED

DOCUMENT 14

RECEIPT#ootdLot 3F-5, 3nd Floor , SACC MallJalan Perbadanan 14/9 Seksyen 14,4000 Shah Alam, Selangor

COPY

Ref No: RR081Date:15 July 2014

FROM: FOS OutletAMOUNT: Eight HundredFOR: Paid Rent

RM 800

Cash / Cheque No:

Document 15

INVOIS#ootd



COPYNo: INV 026

Date:15 July 2014

TO:Balqis CollectionLot 2F-6 , 2nd floor, Sacc MallJalan Perbadanan 14/9 Seksyen 14, 4000 Shah Alam, Selangor.


Amount (RM)

1. Goods 50 70 35002.3.4.

Amount 3500THREE THOUSAND FIVE HUNDRED

DOCUMENT 16

RECEIPTButik Queen LadyNo, 7, Jalan 2419,Taman Lara 19600,Pulau Pinang.

ORIGINAL


TO: #ootdAMOUNT: Five Thousand four hundred and thirty two.FOR: Paid INV 025

RM 5432Cash / Cheque No:

Document 17

INVOIS#ootd



COPYNo: INV 026

Date:17 July 2014

TO:HDE CollectionNo. 7 , Jalan 2419,Taman Lara 19600,Pulau Pinang.


Amount (RM)

1. Goods 40 70 28002.3.4.

Amount 2800TWO THOUSAND EIGHT HUNDRED

DOCUMENT 18

RECEIPT COPY

#ootdLot 3F-5, 3nd Floor , SACC MallJalan Perbadanan 14/9 Seksyen 14,4000 Shah Alam, Selangor


FROM: Brezeliuz OutletAMOUNT: Three Thousand Nine Hundred and TwentyFOR: Settlements for its credit sale

RM 3920

Cash / Cheque No: AN 000302

Document 19

RECEIPT#ootdLot 3F-5, 3nd Floor , SACC MallJalan Perbadanan 14/9 Seksyen 14,4000 Shah Alam, Selangor

COPY


FROM: HS OutletAMOUNT: Seven Hundred and Eighty FourFOR: Settlement of its credit sales

RM 784

Cash / Cheque No: AN 403902

Document 20

CREDIT NOTE SALINANNo: CN020

HDE CollectionNo. 7 , Jalan 2419,Taman Lara 19600,

Pulau Pinang.

Date:20 July 2014



Amount (RM)

1. Goods 6 140 8402.3.

Amount 840EIGHT HUNDRED AND FOURTY

Document 21

INVOIS ORIGINAL

Forever 21Lot 7447-03

Jalan Pelangi 14300,Pulau Pinang

No: INV 024Date:21 July 2014



Amount (RM)

1. Goods 13 50 6502.3.4.

Amount 650SIX HUNDRED AND FIFTY

DOCUMENT 22

RECEIPT

Anabell OutletLot 7337-03Jalan Pelangi 14300,Pulau Pinang.

ORIGINALRef No: RR081

Date:16 July 2014

TO: #ootdAMOUNT: Three thousand Six hundred and fourty eightFOR: Paid INV 024

RM 3648Cash / Cheque No: AN OOO668

Document 23

RECEIPT

Weasly EnterpriseLot – 01Jalan Weasly 14000,Bukit Mertajam,Pulau Pinang.

ORIGINALRef No: RR081

Date:16 July 2014

TO: #ootdAMOUNT: Three hundred and fiftyFOR: Paid for car repair.

RM 350Cash / Cheque No: AN 000669

Document 24

Document 25

TENAGA NASIONAL BERHAD Electric Bill

#ootdLot 3F-5, 3nd Floor , SACC MallJalan Perbadanan 14/9 Seksyen 14,4000 Shah Alam, Selangor.

Amount Date updatesRM 120.00 24-07-2014

Cas Unit Amount# 200 RM 120.00

Extra payment : RM 0.00 Amount : RM 110 Amount paid on 24 July 2014

RECEIPTWeasly EnterpriseLot – 01Jalan Weasly 14000,Bukit Mertajam,Pulau Pinang.

ORIGINAL


TO: #ootdAMOUNT: Five HundredFOR: Paid rental.

RM 500Cash / Cheque No:

Document 26



Auditor, No : 008

Received commission amounting RM 1000 by cash on 27 July 2014

Document 27



Auditor, No : 009

Withdraw goods worth RM 200 and cash RM 200 for personal use on 28 July 2014.

Document 28

Date: 29.07.2014To: Dian ZaraFor: Paid worker salary

Last balance 74000 00Deposit - -Amount 74000 00Cheque 1500 00Balance 72500 00

No : BN 000126

Document 29

General Journal

Date Particular Folio Debit Credit

2014July 1

July 2

July 4

July 10

July 11

July 28

Fixtures and fittingsBankCashCapital

( assets, liabilities recorded on this date )

Bank An bank

Bank Mybank

( made a loan from the banks )

Second-hand Van Assets

( purchase second-hand van on credit )

Furniture Assets

( purchase furniture on credit )

Drawings Purchase

Drawing Cash

( withdraw goods and cash for personal use )

RM15 00074 0005 000

94 000

7 500

5 000

10 000

10 000

200

200

94000

94 000

7 500

5 000

10 000

10 000

200

200

Purchases Journal

Date Particular Inv. No Folio / Ref Amount

July 4

July 6

July 7

July 12

July 21

FS Outlet

Anabelle Outlet

Rasa Sayang

Queen Lady

Forever 21 Outlet

( transferred to Purchases account )

1 500

3 880

300

5 432

650

2 420

sales journal

Date Particular Inv. No Folio / Ref Amount

July 5

July 8

July 9

July 13

July 15

July 17

Superb Sisters Enterprise

SS Outlet

Brezelius Outlet

HS Outlet

Balqis Collection

HDE Collection

( transferred to Sales Account )

2 250

1 600

980

784

3 500

2 800

11 914

Cash Receipt Journal

Date Particular Folio / Ref

Discount Allowed

(RM)

Cash(RM)

Bank(RM)

July 15

July 18

July 19

Anabelle Outlet

Brezelius Outlet

HS Outlet

800

980

784

cash payment journal

Date Particular Folio / Ref

Discount Allowed

(RM)

Cash(RM)

Bank(RM)

July 16

July 22

July 23

July 24

July 26

July 27

July 29

Queen Lady

Anabelle Outlet

Car repair

Electricity bills

Rental

Commision

Worker salary

485

1 000

3 880

350

120

800

1 500

purchase return

Date Particular Folio Referance Amount (RM)

July 14 Anabelle Outlet

( transferred to return outward account )

200

Sales return

Date Particular Folio Referance Amount (RM)

July 20 HDE Collection

( transferred to return inward account )

840

FIXTURE AND FITTING A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 1 CAPITAL 15 000 15 000

FURNITURE A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 11 A/P ANA FURNITURE 10 000 10 000

PURCHASES A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 1 4 6 7 12 21 28

BANKCASHA/P ANABELLE OUTLETBANKA/P QUEEN’S LADYA/P FOREVER 21 OUTETDRAWING

10 000150040003005600650

200

10 00011 50015 50015 80021 40022 05021 850

SALES A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 5 8 9 13 15 17

CASHCASHA/R BREZELIUZ OUTLETA/R HS OUTLETA/R BALQIS COLLECTIONA/R HDE OUTLET

22501600100080035002800

2250385048505650915011 950

BANK A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 1

2 4 7 10 18 19 22 23 29

CAPITALPURCHASESAN BANKMYBANKPURCHASESVANA/R BREZELIUZ OUTLETA/R HS OUTLETA/P ANABELLE OUTLETVAN REPAIR EXPENSESWORKER SALARY

74 000

75005000

980784

10 000

30010 000

36803501500

74 00064 00071 50076 50076 20066 20067 18067 96464 28463 93462 434

CAPITAL A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 1 FIXTURE AND FITTING

BANKCASH

15 00074 0005000

15 00089 00094 000

CASH A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 1 4 5

8 15 16 24 26 27 28

CAPITALPURCHASES(FS OUTLET)PURCHASES(SUPERB SISTERS ENTERPRISE)PURCHASES(SS OUTLET)RENTAL RECEIVEDA/P QUEEN’S LADYELECTRICITY EXPENSESRENTALCOMISSIONDRAWING

5000

22501600800

1000

1500

5432120500

200

50003500

57507350815027182598209830982898

AN BANK A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 2 BANK 7500 7500

MYBANK A/C


DISCOUNT RECEIVED A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 6

12

PURCHASES(A/P ANABELLE OUTLET)PURCHASES(A/P QUEEN’S LADY)

120

168

120

288

A/P ANABELLE OUTLET A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 6 14 22

PURCHASESPURCHASE RETURNBANK

2003680

3880 388036800

A/R BREZELIUZ OUTLET A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014 JULY 9 18

PURCHASESBANK

980980

9800

DISCOUNT ALLOWED A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 9 PURCHASES(A/R

BREZELIUZ OUTLET) 20 20

13 PURCHASES(A/R HS OUTLET) 16 36

VAN A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 10 BANK 10 000 10 000

A/P ANA FURNITURE A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 11 FURNITURE 10 000 10 000

A/P QUEEN’S LADY A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 12 16

PURCHASESCASH 5432

5432 54320

A/R HS OUTLET A/C


PURCHASESBANK

784784

7840

RENTAL RECEIVED A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 15 CASH 800 800

A/R BALQIS COLLECTION A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014

JULY 15 PURCHASES 3500 3500

A/R HDE OUTLET A/C


PURCHASESSALES RETURN

2800840

28001960

PURCHASES RETURN A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 14 A/P ANABELLE OUTLET 200 200

SALES RETURN A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 20 A/R HDE OUTLET 840 840

A/P FOREVER 21 OUTLET A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 21 PURCHASES 650 650

VAN REPAIR EXPENSES A/C


ELECTRICITY EXPENSES A/C


RENTAL A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)

2014JULY 26 CASH 500 500

COMMISSION A/C


DRAWING A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014JULY 28 CASH

PURCHASES200200

200400

WORKER SALARY A/C

DATE PARTICULAR DEBIT(RM) CREDIT(RM) BAL(RM)2014 JULY 29 BANK 1500 1500

#OOTD

TRIAL BALANCE AT 31 DECEMBER 2014

RM RM

FIXTURE AND FITTING 15 000

FURNITURE 10 000

PURCHASES 21 850

SALES 11 950

BANK 62 434

CAPITAL 94 000

CASH 2 898

AN BANK 7 500

MYBANK 5 000

DISCOUNT RECEIVED 288

DISCOUNT ALLOWED 36

VAN 10 000

ANA FURNITURE 10 000

RENTAL RECEIVED 800

BALQIS COLLECTION 3 500

HDE OUTLET 1 960

PURCHASES RETURN 200

SALES RETURN 840

FOREVER 21 OUTLET 650

VAN REPAIR EXPENSES 350

ELECTRICITY EXPENSES 120

RENTAL 500

COMMISION 1000

DRAWING 400

WORKER SALARY 1 500

131 388 131 388

#OOTD

STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 JULY 2014

RM RM RM

Sales 11 950

Less : Sales returns 840

Net Sales 11 110

Less : Cost of Goods Sold

Opening stock 10 000

Purchases 21 850

Less : Purchase return 200

Net Purchases 21 650

Cost of goods available for sale 31 650

Less : Closing stock 10 350

Cost of Goods Sold 21 300

Gross Loss -10 190

Add : Revenues

Discount received 288

Rental received 800

Commision received 1 000

2 088

Less : Expenses

Discount allowed 36

Van repair expenses 350

Electricity expenses 120

Rental 500

Worker salary 1 500

2 506

Net Loss -10 608

#OOTD

STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2014

RM RM RM

Non-Current Assets

Van 10 000

Fixtures and fittings 15 000

Furniture 10 000

35 000

Current Assets

Closing stock 10 350

Debtor 5 460

Cash at bank 62 434

Cash in hand 2 898

81 142

116 142

Owner’s EquityCapital beginning 104 000

Less : Net loss 10 608

: Drawing 400

11 008

Capital ending 92 992

Non-Current Liabilities

Long term loan 12 500

Current Liabilities

Creditors 10 650

116 142

Assignment FAR 110 uitm

Education

cash rm

credit rm

purchased goods rm

paid rm

purchased goods worth

fittings rm

cheque worth rm

good rm