TEOH KHAR CHUAN 219924

1. (a) Prepared a journey entry to record the allocation on 1 st January 2014 and the
actual collection of revenues and payment of expenditures based on date given.
Dr.
Estimated Revenue
RM 14,531.74
Fund Balance
RM 8,906.23
Cr. Estimated Expenditure
RM 23,437.97
Dr.
Cash
RM 500
Cr. Fund Balance
RM 500
Dr.
Cash (0.25 x 7,441.896)
RM 1,860.47
Cr. Tax Revenue (Direct Tax)
RM 1,860.47
Dr.
Cash [(0.85 x 12,166.5) 1,860.47] RM 8,481.06
Cr. Tax Revenue
RM 8,481.06
Dr.
Cash
RM 1,500
Cr. Tax Revenue
RM 1,500
Dr.
Cash
RM 2,000
Cr. Tax Revenue
RM 2,000
Dr.
Cash
RM 500
Cr. Tax Revenue
RM 500
Dr.
Cash (33.4 + 85)
RM 118.4
Cr. Non Tax Revenue
RM 118.4
Dr.
Cash (161 + 241)
RM 402
Cr. Non Tax Revenue
RM 402
Dr.
Cash (1,300 118.4 402)
RM 779.6
Cr. Non Tax Revenue
RM 779.6
Dr.
Cash (0.9 x 483.14)
RM 434.83
Cr. Non-Revenue Receipts
RM 434.83
Dr.
Emolument
RM 5,156
Services & Supplies
RM 1,300
Asset
RM 2,000
Fixed charges
RM 3,500
Other Expenditure
RM 150
Cr. Cash
RM 12,106
st
(b) Prepared a trial balance at 31 December 2014
Malaysian Federal Government
Trial Balance
As at 31 December 2014
Dr. (RM)
Cr. (RM)
Cash
4, 470.36
Tax Revenue
14, 341.53
Non Tax Revenue
1,300
Non-Revenue Receipts
434.83
Emolument
5, 156
Services & Supplies
1, 300
Asset
2, 000
Fixed Charges
3, 500
1

TEOH KHAR CHUAN 219924

Other Expenditure
Fund Balance

150
16,576.36

500
16576.36