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

2
 Company Background

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

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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)

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 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)

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JOURNAL
General Journal
Debit Credit
Date Details       Folio
(RM) (RM)
2012      
Dec 01 Cash GL6 20,000  
  Bank GL5 20,000  

  Premises GL3 10,000  

  Capital GL1   50,000
  (Started the business with cash, bank      
  and premises)      
       
02 Office Equipment GL2 2,500  
  Cash GL6   2,500
  (Bought office equipment by cash      
  from Court Jati)      
       
08 Photostat machine GL4 950  
  Cash GL6   950
  (Bought photostat machine by cash from      
  Fatin Enterprise)      
               

Purchases Journal
Invoice Amount
Date Particular       Folio
no. (RM)
Dec-03 Co. Luna Sdn. Bhd. 980 PL1 5,000
16 Manga Sdn. Bhd. 689 PL2 6,000
18 Stabillo Bhd. 123 PL3 5,000
       
      Transferred to Purchases a/c GL8 16,000

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 Sales Journal
Invoice Amount
Date Particular       Folio
no. (RM)
Dec-09 Hamballi 007 SL1 6,900
18 Azhar 736 SL2 18,000
27 Izzati 333 SL3 9,090
       
      Transferred to Sales a/c GL7 33,990

Return Outwards Journal

Credit Amount
Date Particular       Folio
note no. (RM)
Dec-12 Co. Luna Sdn. Bhd. 448 PL1 1,300
27 Stabilo Berhad 556 PL3 888
29 Manga Sdn. Bhd, 569 PL2 700
       
      Transferred to Return Outward a/c GL9 2,888
     

Return Inwards Journal

Credit Amount
Date Particular       Folio
note no. (RM)
Dec-14 Hamballi 8981 SL1 500
20 Hamballi 8982 SL1 400
29 Azhar 2312 SL2 1,200
       
      Transferred to Return Inwards a/c GL10 2,100

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 Cash Payment Journal
Cheque Discount Bank Cash
Date Details   Folio
no. Received (RM) (RM)
Dec-11   General Expenses GL14     500
15 232 442 Co. Luna Sdn.Bhd. PL1 370 3,330  
22   Orange Enterprise GL8     200
26   Creative Product GL8     500
30 232 443 Electricity bills (TNB) GL12   330  
31 232 444 Salary Expenses GL14   3,000  
           
        GL 370 6,660 1200

Cash Receipt Journal

Receipt Discount Cash Bank
Date Details   Folio
no. Received (RM) (RM)
Dec-06 011 Sales GL1   7,700
Hazieqa
21 012 h GL7   10,000  
24 013 Zalikha GL7   8,000  
  014 Hamballi SL1 225 5,775  
25 015 Rental received GL17   900
Commission
31 016 received GL11   1,000
         
        GL 225 23,775 9,600

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LEDGER
Purc
hase Ledger

      Co. Luna Sdn. Bhd.   PL1

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Return
Dec-12 Outwards ROJ1 1,300 Dec-03 Purchased PJ1 5,000
15 Bank CPJ1 3,330
Discount
Allowed 370
 
5,000 5,000
 

      Manga Sdn. Bhd.     PL2

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Return
Dec-21 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

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Return
Dec-27 Outwards ROJ2 888 Dec-10 Purchased PJ3 5,000
31 Bal c/d 4,112
 
5,000 5,000
 
  Jan-01 Bal b/d 4,112

Sales Ledger

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      Hamballi     SJ1
Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Return
Dec-12 Sales SJ1 6,900 Dec-18 Inwards RIJ1 500
Return
  20 Inwards RIJ1 400
  24 Bank CRJ1 5,775
Discount
  Alllowed 225
6,900 6,900
 

      Azhar     SJ2
Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Return
Dec-18 Sales SJ2 18,000 Dec-27 Inwards RIJ3 1,200
  31 Bal c/d 16,800
 
18,000 18,000
 
Jan-01 Bal b/d 16,800
 

      Izzati     SJ3
Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-27 Sales SJ3 9,090 Dec-31 Bal c/d 9,090
 
Jan-01 Bal b/d 9,090
 

General Ledger

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      Capital     GL1
Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-31 Bal c/d 50,000 Dec-01 Cash GJ1 20,000
  Bank GJ1 20,000
  Premises GJ1 10,000
 
50,000 50,000
 
  Jan-01 Bal b/d 50,000
 

      Office Equipment   GL2

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-08 Cash CPJ1 2,500 Dec-31 Bal c/d 2,500
 
Jan-01 Bal b/d 2,500
 

      Premises     GL3
Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-01 Capital GL5 10,000 Dec-31 Bal c/d 10,000
 
Jan-01 Bal b/d 10,000
 

      Photostat Machine   GL4

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-08 Bank CPJ1 950 Dec-31 Bal c/d 950
 
Jan-01 Bal b/d 950
 

      Bank     GL5
Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)

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 Photostat
Dec-01 Capital GJ1 20,000 Dec-08 Machine GJ1 950
Total Total
31 Receipt CRJ1 23,775 31 Payment CPJ1 6,660
  Bal c/d 36,165
 
43,775 43,775
 
Jan-01 Bal b/d 36,165
 

      Cash     GL6
Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Office
Dec-01 Capital GL1 20,000 Dec-02 Equipment GL1 2,500
Total Total
31 Receipt CRJ1 9,600 31 Payment CPJ1 1,200
  Bal c/d 25,900
 
29,600 29,600
 
Jan-01 Bal b/d 25,900
 

      Sales     GL7
Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-31 Bal c/d 59,690 Dec-06 Cash CRJ1 7,700
  21 Bank CRJ1 10,000
  24 Bank CRJ1 8,000
  31 Total sales SJ1 33,900
59,690 59,600
 
  Jan-01 Bal b/d 59,600
 

      Purchases     GL8
Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)

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 Dec-22 Cash CPJ1 200 Dec-31 Bal c/d 16,700
26 Cash CPJ1 500
Total
31 purchases PJ1 16,000
 
16,700 16,700
 
Jan-01 Bal b/d 16,700
 

      Returns Outwards   GL9

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Total
Dec-31 Bal c/d 2,888 Dec-31 Return ROJ1 2,888
  Outwards
 
  Jan-01 Bal b/d 2,888
 

      Returns Inwards   GL10

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Total
Dec-31 Return RIJ1 2,100 Dec-31 Bal c/d 2,100
Inwards  
 
Jan-01 Bal b/d 2,100
 

      Commission Received   GL11

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-31 Bal c/d 1,000 Dec-31 Cash CRJ1 1,000
 
  Jan-01 Bal b/d 1,000
 

      Electricity Bills     GL12

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-30 Bank CPJ1 330 Dec-31 Bal c/d 300

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Jan-01 Bal b/d 330
 
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      Salary Expenses     GL13
Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-30 Bank CPJ1 3,000 Dec-31 Bal c/d 3,000
 
Jan-01 Bal b/d 3,000
 

      General Expenses   GL14

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-12 Cash CPJ1 500 Dec-31 Bal c/d 500
 
Jan-01 Bal b/d 500
 

      Discount Allowed     GL15

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-24 Hamballi CPJ1 225 Dec-31 Bal c/d 225
 
Jan-01 Bal b/d 225
 

      Discount Received   GL16

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Co. Luna
Dec-31 Bal c/d 370 Dec-15 Sdn. Bhd. CRJ1 370
 
  Jan-01 Bal b/d 370
 

      Rental Received     GL17

Amount
Date Details Folio Amount (RM) Date Details Folio
(RM)
Dec-31 Bal c/d 900 Dec-25 Cash CRJ1 900
 
  Jan-01 Bal b/d 900

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TIAL BALANCE

Hafizz Stationary and Book Store Enterprise

Trial Balance as at 31 December 2012

Details     Debit (RM) Credit (RM)

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

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