GROUP ASSIGNMENT ACC106

GROUP : BA1111A1

PREPARED BY

 DEWI MAHANIH BINTI MADLAN ( 2020955439 )

 YASMEEN HANY BINTI MOHD SHARIZAL ( 2020974265 )

PREPARED FOR : MADAM EVEANA MOSUIN

SUBMITTED ON : WEEK 13
CONTENT

NO PARTICULAR PAGE
1 Background of company
2. Transaction
3. Journal
4. Ledger
5. Trial Balance

INTRODUCTION COMPANY BACKGROUND

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I) NAME OF OUR PRODUCT : HANI SMARTPHONES

II) LOCATION OF BUSINESS :

Lot No G 62, Ground Floor,Imago Shopping Mall, KK times Square, OFF Coastal Highway,

88100 Kota Kinabalu, Sabah.

Operation hour : 8.00am - 10.00 pm, Off day on Friday

No Tel : 0149049920

III) BUSINESS ACTIVITIES : Achieved the goals of the profit in the business. Doing the job with
more effective and efficient and give the best service to the customers.

IV ) CAPITAL CONTRIBUTION : RM 85,000

V ) FINANCIAL YEAR END : 1 July 2020

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TRANSACTION FOR THE MONTH

The following are the business transaction in 1 June 2019

Date Transactions
July 1 Started the business with cash RM 15,000 , bank RM 50,000 and
premises RM 20,000.

2 Bought office equipment by cash from Athirah worth RM 2000.

5 The business bought goods from Samsung Enterprise on credit
Accounting RM 8,000.
7 Sold goods worth RM9,000 by cash.
8 Bought a Computer which cost RM 1500 from Lenovo Enterprise
paid by cheque.
10 Sold goods to Fikriah amounting RM 5,000 on credit.
11 Paid general expenses RM 700 by cash.
12 The business returns goods to Samsung Enterprise worth RM
4000.
14 Fikriah returned goods worth RM 2,500.
15 Owner took goods amounted to RM 600 for own use.
16 Purchased goods for RM 7,000 on credit OPPO Enterprise.
18 Sold goods worth for RM 15,000 on credit to Nikkie.

19 The business purchased goods on credit RM 10,000 from Apple

Enterprise.
20 Goods worth RM1000 returned by Fikriah.
21 The owner sold goods to Ali worth RM10000 by cheque.
22 Purchased goods for RM 2,000 by cash from Nokia Enterprise.
23 Sold goods to Brandon amounting RM 10,000 by cheque.
25 Received rental payment worth RM 1,500 by cash.
26 Purchased goods worth RM4500 by cash from Asus Enterprise.
27 Returned damaged goods worth RM 2,200 to Apple Enterprise.

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 Sold goods on credit RM 9,200 to Wani.
29 Nikkie returned faulty goods worth RM1,500.
Returned goods bought on credit RM1,500 to OPPO Enterprise.
30 Paid the electricity bills RM 300 by Cheque to Tenaga Nasional
Bhd.
31 Received sales commission of RM 1,200 by cash.
Paid salary to workers RM 3,200 by cheque.

LEDGER
Purchase Ledger

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 Payable Samsung Enterprise

Date Details Amount(RM) Date Details Amount(RM)

June 12 Return outwards 2 000 June 05 Purchased 8 000

15 Bank 5 400

Discount allowed 600

8 000 8 000

Payable OPPO Enterprise

Date Details Amount(RM) Date Details Amount(RM)

June 29 Return Outwards 1 500 June 16 Purchased 7 000

31 Bal c/d 5 500

7 000 7 000

Payable Apple Enterprise

Date Details Amount(RM) Date Details Amount(RM)

June 27 Return Outwards 2 200 June 18 Purchased 10 000

31 Bal c/d 7 800

10 000 10 000

Sales Ledger
Receivable Fikriah
Date Details Amount(RM) Date Details Amount(RM)

June 10 Sales 5 000 June 14 Return Inwards 1 500

20 Return Inwards 1 000

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 5 000 5 000

Receivable Nik
Date Details Amount(RM) Date Details Amount(RM)

June 18 Sales 15 000 June 29 Return Inwards 1 500

31 Bal c/d 13 500
15 000 15 000

Receivable Wani
Date Details Amount(RM) Date Details Amount(RM)

June 27 Sales 9 200 June 31 Bal c/d 9 200

9 200 9 200

General Ledger

Capital
Date Details Amount(RM) Date Details Amount(RM)

June 31 Bal c/d 85 000 June 01 Cash 15 000

Bank 50 000
Premises 20 000

85 000 85 000

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 Office Equipment

Date Details Amount(RM) Date Details Amount(RM)

June 02 Cash 2 000 June 31 Bal c/d 2 000

2 000 2 000

Premises

Date Details Amount(RM) Date Details Amount(RM)

June 02 Capital 20 000 June 31 Bal c/d 20 000

20 000 20 000

Computer
Date Details Amount(RM) Date Details Amount(RM)

June 02 Bank 1 500 June 31 Bal c/d 1 500

1 500 1 500

Bank
Date Details Amount(RM) Date Details Amount(RM)

June 01 Capital 50 000 June 09 Computer 1 500

31 Total Receipt 22 300 31 Total Payment 8 900
Bal c/d 61 900

72 300 72 300

Cash
Date Details Amount(RM) Date Details Amount(RM)

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 June 01 Capital 15 000 June 02 Office Equipment 2 000
Total Receipt 11 700 31 Total Payment 7 000
Bal c/d 17 700

26 700 26 700

Sales
Date Details Amount(RM) Date Details Amount(RM)

June 31 Bal c/d 58 200 June 07 Cash 9 000

21 Bank 10 000
23 Bank 10 000
31 Total Sales 29 200
July 01 Bal b/d 58 200
58 200 58 200

Purchases
Date Details Amount(RM) Date Details Amount(RM)

June 22 Cash 2 000 June 31 Bal c/d 6500

26 Cash 4 500

6500 6500

July 01 Bal b/d 6500

Returns Outwards
Date Details Amount(RM) Date Details Amount(RM)

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 June 31 Bal c/d 5 700 June 31 Total 5 700
Returns Outwards

5 700 5 700

July 01 Bal b/d 5 700

Returns Inwards
Date Details Amount(RM) Date Details Amount(RM)

June 31 Total Returns 4 000 June 31 Bal c/d 4 000

Inwards

4 000 4 000

July 01 Bal b/d 4 000

Commission Received
Date Details Amount(RM) Date Details Amount(RM)

June 31 Bal c/d 1 200 June 31 Cash 1 200

1 200 1 200

July 01 Bal b/d 1 200

Electricity Bills
Date Details Amount(RM) Date Details Amount(RM)

June 30 Bank 300 June 31 Bal c/d 300

300 300

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 July 01 Bal b/d 300

Salary Expenses
Date Details Amount(RM) Date Details Amount(RM)

June 31 Bank 3 200 June 31 Bal c/d 3 200

3 200 3 200

July 01 Bal b/d 3 200

General Expenses
Date Details Amount(RM) Date Details Amount(RM)

June 11 Cash 700 June 31 Bal c/d 700

700 700

July 01 Bal b/d 700

Discount Allowed
Date Details Amount(RM) Date Details Amount(RM)

June 11 Receivable Sharul 200 June 31 Bal c/d 200

200 200

July 01 Bal b/d 200

Drawing
Date Details Amount(RM) Date Details Amount(RM)

June 31 Bal c/d 600 June 15 Payable 600

Samsung enterprise

600 600

July 01 Bal b/d 4000

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 Rental Received
Date Details Amount(RM) Date Details Amount(RM)

June 31 Bal c/d 1 500 June 25 Cash 1 500

1500 1 500

July 01 Bal b/d 1 500

TRIAL BALANCE

HANI SMARTPHONES
Trial Balance as at 1 June 2020
Details Debit Credit
Capital 85 000
Cash 17 700
Bank 61 900
Premises 20 000
Sales 58 200
Purchases 31 500
Return Outwards 5 700
Return Inwards 4 000
Rental Received 1 500
Electricity Bills 300

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 Commission Received 1 200
Salary Expenses 3 200
General Expenses 700
Office Equipment 2000
Computer 1 500
Drawing 600
Payable OPPO Enterprise 5 500
Payable Apple Enterprise 7 800
Receivable Nikkie 13 500
Receivable Wani 9 200

Total 165 500 165 500

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