University Kuala Lumpur - Malaysian Institute of

Information Technology (UniKL MIIT)

FINANCIAL ACCOUNTING/PRINCIPLES OF ACCOUNTING

EIB 10403/EIB 11403

GROUP PROJECT : “HEWDGY CAR TRADING”,

Jalan Penrissen, Kuching Sentral,
93250 Kuching Sarawak

NAME OF GROUP MEMBER

NAME: ID STUDENT’S
MOHAMMAD HAFIEZZAN NIRWAN 0221-SBME-20
DOROTHY AVRIL 0179-FBME-20
WONG KUNG YIK 0185-FBME-20
EUSTICE SAMBAI UJANG 0462-SBME-20
GOH KAY POH 0456-SBME-20
YU CIA LING 0178-FBME-20
1.0 Background of Business

Hewdgy Car Trading is business built by BME students. This business has been planned
since they are still continuing their studies. Our group member which consists of 6
members had given a group project of Financial Account / Principle of Accounting. After
completing a study we are going to start a business and make it successful in the future.
The company is located at Jalan Penrissen, Kuching Sentral, 93250 Kuching, Sarawak.
This business has just started for a week. The type of vehicle they sell is a high quality
Malaysian made vehicle and not a copy vehicle.

The Diagram above shows the location of the business

2.0 Transaction

November Transaction
2023
2 -Hewdgy Car Trading start the business with RM 300,000

- Bought office equipment by cash from Flexxo Trading Sdn Bhd worth
RM 10,000
3 - Purchase goods from Goh Motor Company on credit amounting RM
21,000

4 - Credit sales to Viotus Sdn Bhd for RM 300,000 and cash sales RM
405,000

5 - - Bought car interior decorations which cost RM 5,000 from Sua Shaue
Enterprise paid by cheque.

6 - Returned faulty goods to Goh Moto Company amounting RM 10,000

7 - Received a cheque from customers for full amount after deducting cash
discount of RM 900

8 - Owner took goods amounting to RM 4000 and cash RM 3000 for personal
use.

9 - Paid supplier Flexxo Trading Sdn Bhd for RM 11,500

- Paid salaries to staff RM 1,700 by cheque
3.0 Journal Account

November Transaction Debit (RM) Credit (RM)

2023
2 Hewdgy Car Trading 300,000
Flexxo Trading Sdn Bhd 10,000
3 Purchases 210,000
Creditor- Goh Motor Company
4 Viotus Sdn Bhd 405,000
Cash
Sales 300,000
5 Sua Shaue Enterprise 5,000
Bank 5,000
6 Goh Motor Company 10,000
Purchase Return 10,000
7 Bank
Discount Allowed 900
Debtors- Customers
8 Drawing 7,000
Cash 3,000
Purchases 4,000
9 Supplier (TC)-Flexxo Trading Sdn 11,500
Bhd 11,500
Bank 1,700
Salaries 1,700
Bank
Total

4.0 Ledger Account

 Bank
RM   RM
7-Nov Account Receivable 299,100 5-Nov Purchase 5,000
9-Nov Purchase 1,700
30-Nov Balance c/d 292,400
 
299,100   299,100

Cash
RM   RM
Office
2-Nov Capital 300,000 2-Nov Equipment 10,000
4-Nov Sales 405,000 8-Nov Drawing 3,000
30-Nov Balance c/d 692,000
 
705,000   705,000

Account Receivable - Viotus Sdn Bhd

RM   RM
Discount
4-Nov Sales 300,000 7-Nov Allowed 900
7-Nov Bank 299,100
 
300,000   300,000

Office Equipment
RM   RM
2-Nov Cash 10,000 1-Dec Balance b/d 10,000
 
10,000   10,000

Capital
RM   RM
1-Dec Balance b/d 300,000 2-Nov Cash 300,000
 
300,000   300,000

Account Payable - Goh Motor Company

RM   RM
6-Nov Purchase Return 10,000 3-Nov Purchase 21,000
30-Nov Balance c/d 22,500 9-Nov Purchase 11,500
 
32,500   32,500

Purchase
RM   RM
3-Nov Account Payable 21,000 8-Nov Drawing 4,000
5-Nov Bank 5,000 30-Nov Balance c/d 35,200
9-Nov Account Payable 11,500  
9-Nov Bank 1,700  
 
39,200   39,200

Drawings
RM   RM
8-Nov Purchase 3,000 30-Nov Balance c/d 7,000
8-Nov Cash 4,000  
 
7,000   7,000

Sales
RM   RM
Account
30-Nov Balance c/d 705,000 7-Nov Receivable 300,000
4-Nov Cash 405,000
 
705,000   705,000

Purchase Return
RM   RM
Account
30-Nov Balance c/d 10,000 6-Nov Payable 10,000
 
10,000   10,000

Discount Allowed
RM   RM
7-Nov Account Receivable 900 30-Nov Balance c/d 900
 
900   900
5.0 Trial Balance

Account Name Debit (RM) Credit (RM)

Bank 292,400
Cash 692,000
Office Equipment 10,000
Capital 300,000
Goh Motor Company 22,500
Purchase 35,200
Drawings 7,000
Sales 705,000
Purchase Return 10,000
Discount Allowed 900

Total 1,037,500 1,037,500

6.0 Appendix

FLEXXO TRADING SDN BHD Cash Receipt

Lot 124, Jalan Kuching Serian, Batu 4 ½, Invoice No: 00019283
93250, Kuching Sarawak.
H/P: 013-432 7859

Name: Hewdgy Car Tradin Date: 15/11/2020

Address: Hewdgy Car Trading, Kuching Sentral, Jalan Penrissen Phone: 017-7678 2456
93250 Kuching Sarawak.
Quantity Description Amount Total Amount
10 Office Table 250 2500
10 Office Chair 150 1500
2 Document Rack 250 500
2 set Sofa 2750 5500

Total: 10,000

GOH MOTOR COMPANY Credit

Note
Lot 1376, Jalan Kuching Serian, Batu 7, Credit Note No: 00013
93250, Kuching Sarawak.
H/P: 019-6342 7859

Name: Hewdgy Car Trading Date: 15/11/2020

Address: Hewdgy Car Trading, Kuching Sentral, Jalan Penrissen Phone: 017-7678 2456
93250 Kuching Sarawak.
Quantity Description Amount Total Amount
1 Purchase goods on Invoice 000234 21,000 21,000
Total: 21,000

VEHICLE STAR CAR CASH BILL

Hewdgy Car Trading, Kuching Sentral, Jalan Penrissen Bill No: 0001
93250, Kuching Sarawak.
H/P: 017-7678 2456

Name: Viotus SDN BHD Date: 4/11/2023

Address: No.36, RH Park industrial, Batu 9 ½, Phone: 014-769 5567
93250, Kuching Sarawak.
Quantity Description Amount Total Amount
3 Perodua Axia 31666 94998
2 Perodua Bezza 43001 86002
2 Perodua Myvi 45000 90000
2 Perodua Aruz 67000 134000
Total: 405,000

HEWDGY CAR TRADING Credit Note

Hewdgy Car Trading, Kuching Sentral, Jalan Penrissen Credit Note No: 0001
93250, Kuching Sarawak.
H/P: 017-7678 2456
Name: Viotus SDN BHD Date: 4/11/2023
Address: No.36, RH Park industrial, Batu 9 ½, Phone: 014-769 5567
93250, Kuching Sarawak.
Quantity Description Amount Total Amount
1 Sales on Invoice 000234 300,000 300,000
Total: 300,000

SUA SHAUE ENTERPRISE Cheque Receipt

Lot 1794, Jalan Kuching Serian, Batu 9 ½, Invoice No: 00098443
93250, Kuching Sarawak.
H/P: 013-432 7859

Name: Hewdgy Car Trading Date: 15/11/2020

Address:Hewdgy Car Trading, Kuching Sentral, Jalan Penrissen Phone: 017-7678 2456
93250 Kuching Sarawak.
Quantity Description Amount Total Amount
2 set Car Interior Decorations (Proton Saga) 2,500 5,000

Total: 5,000

HEWDGY CAR TRADING Credit Note

Hewdgy Car Trading, Kuching Sentral, Jalan Penrissen Credit Note No: 0002
93250, Kuching Sarawak.
H/P: 017-7678 2456

Name: Goh Motor Company Date: 4/11/2023

Address: Lot 1376, Jalan Kuching Serian, Batu 7, Phone: 014-769 5567
93250, Kuching Sarawak.
Quantity Description Amount Total Amount
1 Return Faulty Goods 10,000 10,000
Total: 10,000

HEWDGY CAR TRADING CASH BILL

Hewdgy Car Trading, Kuching Sentral,Jalan Penrissen Bill No: 0001
93250, Kuching Sarawak.
H/P: 017-7678 2456
Name: Faiz bin Haris Date: 4/11/2023
Address: No.36, Kampung Jawa, Batu12, H/P No: 010-5437 1478
93250 Kuching Sarawak.
Quantity Description Amount Total Amount
1 Cash Discount 900 900

Total: 900

GOH MOTOR COMPANY CASH BILL

Lot 1376, Jalan Kuching Serian, Batu 7, Credit Note No: 00137
93250, Kuching Sarawak.
H/P: 019-6342 7859

Name: Hewdgy Car Trading Date: 15/11/2020

Address: Hewdgy Car Trading, Kuching Sentral, Jalan Penrissen Phone: 017-7678 2456
93250 Kuching Sarawak.
Quantity Description Amount Total Amount
1 Paid Supplier 11,500 11,500
Total: 11,500

HEWDGY CAR TRADING Salary Bill

Hewdgy Car Trading, Kuching Sentral, Jalan Penrissen Bill No: 0001
93250, Kuching Sarawak.
H/P: 017-7678 2456

Name: Lari Grace Date: 4/11/2023

Address: No.36, RH Park industrial, Batu 9 ½, Phone: 014-769 5567
93250, Kuching Sarawak.
Description Amount Total Amount
Basic Salary 1,700 1,700
Overtime Paid - -
Total: 1,700