KOLEJ MARA KUALA NERANG

ANSWER ALL QUESTIONS

SECTION B

ANSWER ALL FOUR (4) QUESTIONS

QUESTION 1 (20 MARKS)

A. Bank statement of Seri Bulan Sdn. Bhd. for May 2017 was as follows:
Penyata bank Seri Bulan Sdn. Bhd. bagi bulan Mei 2017 adalah seperti berikut :

Date No. Details Debit Credit Balance

Cheque RM RM RM
1 May Balance b/f 123,000
3 Deposit 14,000 137,000
8 345678 3,500 133,500
12 345679 12,000 121,500
13 Deposit 4,900 126,400
15 345681 5,000 121,400
17 345682 3,400 118,000
22 Deposit 9,300 127,300
24 345684 900 126,400
27 345686 7,300 119,100
29 345687 13,700 105,400
30 345688 1,444 103,956
31 Bank charges 100 103,856

Cash book of Seri Bulan Sdn. Bhd for May 2017 showed the following information:
Buku Tunai Seri Bulan Sdn. Bhd bagi bulan Mei 2017 pula menunjukkan maklumat berikut :

Cash Book ( Bank column)

May Details No RM May Details No RM
cheque cheque
1 Balance b/f 123,000 8 MPSJ 345678 3,500
3 Ali Bersaudara 002244 14,000 11 Purchase 345679 12,000
10 Aman Makmur 993399 320 12 Min Enterprise 345680 5,700
12 Siti Enterprise 987654 4,900 14 Halim Security 345681 5,000
20 Suci Sdn. Bhd. 663333 9,300 15 Purchase 345682 3,400
25 Zinni Enterprise 721878 3,000 19 Kasa Angkut 345683 1,600
30 Jit Ria Sdn. Bhd. 421877 2,000 23 Insurance 345684 9,000
26 Rental 345686 7,300
29 Salary 345687 13,700
30 TNB 345688 1,444
Balance c/f 93,876

i. Cheque number 345684 had incorrect amount in Cash Book.

ii. Zinni Enterprise’s cheque deposited on May 25, 2017 was returned by the bank.

REQUIRED :
i. Prepare the Bank Reconciliation Statement for Seri Bulan Sdn. Bhd. as at May 31, 2017.
Sediakan penyata penyesuaian bank bagi Seri Bulan Sdn. Bhd. pada 31 Mei 2017.

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 (7.5 marks)
ii. Prepare adjusment journal entries for cash book. (explanatory ignore).
Sediakan catatan jurnal pelarasan ke atas buku tunai.(abaikan keterangan).
( 6.5 marks)

B. Balance as at January 1, 2017 for Peniagaan Matahari :

Account receivable RM76,500

Allowance of doubtful account RM1,000

During the year ended December 31, 2017, Perniagaan Matahari recorded credit sales
RM155,000, cash received from account receivable RM107,000 and sales return RM5,000.
For 2017, Perniagaan Matahari estimates that the allowance for doubtful account is at 1.5
percent on the balance of the accounts receivable.
Pada tahun 2017, Perniagaan Matahari merekodkan jualan secara kredit RM155,000
dengan kutipan tunai RM107,000. Pulangan jualan RM 5,000. Pada tahun kewangan
semasa, Perniagaan Matahari menganggarkan peruntukan hutang ragu adalah 1.5 peratus
atas baki akaun belum terima.

REQUIRED :

i. Calculate ending balance of account receivable as at December 31, 2017.

Kirakan baki akhir akaun belum terima pada 31 Disember 2017.
(2.5 marks)

ii. Prepare journal entry to record adjustment related to accounts receivable as at December
31, 2017.(explanatory ignore)
Sediakan catatan jurnal untuk merekod pelarasan yang berkaitan dengan akaun belum
terima pada 31 Disember 2017.
(3.5 marks)

QUESTION 2 (20 MARKS)

Below is the information on inventory of Perniagaan Cahaya Baru (PCB) for April 2017.
Berikut adalah maklumat berkaitan jualan dan belian inventori bagi Perniagaan Cahaya Baru pada
bulan April 2017.

Date Transaction Unit RM per unit

April 5 Sale 900 17.00
8 Purchase 800 14.00
12 Sale 600 18.00
15 Purchase 900 12.50
21 Sale 300 17.50
27 Sale 200 19.00

PCB uses perpetual inventory system with First In First Out (FIFO) method in calculating the cost
of the inventory. Opening inventory was 1,000 units at a cost of RM12.50 per unit.
Perniagaan ini telah merekod inventori menggunakan sistem inventori berterusan dan kaedah
masuk dahulu keluar dahulu(MDKD). Baki awal inventori adalah 1,000 unit pada harga RM 12.50
seunit.

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REQUIRED :
i. Calculate the cost of goods sold and the cost of ending inventory as at April 30, 2017
Kirakan kos barang dijual dan kos inventori akhir pada 30 April, 2017.
(12.5 marks)
ii. Prepare journal entries to record sale on April 5. (Assume all transactions on cash).
Sediakan catatan jurnal untuk merekod jualan pada 5 April. ( Andaikan semua urusniaga
secara tunai)
(5.5 marks)
iii. Calculate the cost of ending inventory if PCB uses periodic inventory system with
weighted average method. ( Round up your answer to the nearest ringgit)
Kirakan kos inventori akhir sekiranya PCB menggunakan sistem berkala dengan kaedah
purata wajaran. ( Bundarkan jawapan anda kepada ringgit yang hampir)
( 2 marks)

QUESTION 3 (20 MARKS)

The following information is obtained from the record of Perniagaan Permaisuri on January 1,
2016:
Berikut merupakan maklumat yang diperolehi daripada rekod Perniagaan Permaisuri pada 1
January 2016:
Account RM
Vehicle (cost) 170,000
Accumulated depreciation – vehicle 88,000
Perniagaan Permaisuri accounting period ends every December 31.
Tempoh perakaunan Perniagaan Permaisuri berakhir pada setiap 31 Disember.
Additional information :
Date Transaction
2016 Purchased equipment on cash. Information on costs of the equipment are as
June 2 follows:
Membeli peralatan secara tunai. Maklumat berkaitan dengan kos peralatan adalah
seperti berikut:
Invoice price (Harga invois) RM 50,000
Sales tax (Cukai jualan) 3,000
Freight charge ( Caj pengangkutan) 1,500
Installation cost (Kos pemasangan) 1,000
Freight insurance (Insuran pengangkutan) 500

August 1 Perniagaan Permaisuri purchased a new vehicle worth RM 35,000. This purchase
was done by trade in one of the old vehicles which costed RM 30,000. The old
vehicle was purchased on December 31, 2013. Perniagaan Permaisuri received a
purchase-exchange allowance of RM 18,800. Payment was made in cash.
Perniagaan Permaisuri membeli sebuah kenderaan baharu berharga RM 35,000.
Pembelian ini dilakukan dengan menukar salah satu kenderaan lama yang
mempunyai nilai kos RM 30,000. Kenderaan lama dibeli pada 31 Disember 2013.
Perniagaan Permaisuri menerima elaun tukar beli sebanyak RM 18,800. Bayaran
dibuat secara tunai.

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Depreciation of vehicle and equipment is at a rate of 10% per annum using the straight-line
method. Depreciation was charged in the year of purchases and no depreciation was charged at
the disposal year.
Susutnilai kenderaan dan peralatan adalah pada kadar 10% setahun dengan menggunakan
kaedah garis lurus. Susutnilai dikenakan mengikut tahun pembelian dan tiada susutnilai dikenakan
pada tahun pelupusan.

REQUIRED :
i. Prepare journal entries to record the above transactions. (explanatory ignore)
Sediakan catatan jurnal untuk merekod urusniaga di atas. (abaikan keterangan)
(12 marks)
ii. Prepare adjustment entries to record depreciation expense for the year ended December
31, 2016. (explanatory ignore)
Sediakan catatan jurnal pelarasan untuk merekod belanja susutnilai bagi tahun berakhir 31
Disember 2016. (abaikan keterangan)
(8 marks)

QUESTION 4 (25 MARKS)

A. Perniagaan Kayu Manis borrowed RM 50,000 from Bank Perwira on 1 July 2016 by signing
a note payable for one year at a rate of 10 per cent per annum. The financial year ends on
December 31 of each year.
Perniagaan Kayu Manis telah meminjam RM 50,000 daripada Bank Perwira pada 1 Julai
2016 dengan menandatangani nota belum bayar selama setahun pada kadar faedah 10
peratus setahun. Tahun kewangan berakhir pada 31 Disember setiap tahun.

REQUIRED :
i. Prepare journal entry on July 1, 2016 (explanatory ignore).
Sediakan catatan jurnal pada 1 Julai, 2016. (Abaikan keterangan)
(2.5 marks)
ii. Prepare the adjusting journal on December 31, 2016 (explanatory ignore).
Sediakan catatan jurnal pada 31 Disember 31, 2016 (Abaikan keterangan)
(3.5 marks)
iii. Prepare journal entry at mature date on 1 July 2017. (explanatory ignore).
Sediakan catatan jurnal pada tarikh matang pada 1 Julai 2017 (Abaikan keterangan)
(5.5 marks)

B. On January 1, 2016, Perniagaan Chempaka showed the following account balances:

Pada 1 Januari 2016, Perniagaan Chempaka telah menunjukkan baki awal seperti berikut :

Items Butiran RM
Total current assets Jumlah aset semasa 100,000
Total non-current assets Jumlah aset bukan semasa 145,000
Total liabilities Jumlah liabiliti 125,000

As at December 31, 2016, Perniagaan Chempaka showed the following account balances:
Pada 31 Disember 2016, baki akaun Perniagaan Chempaka adalah seperti berikut :

Account Akaun RM
Bank Bank 110,000
Accounts receivable Akaun belum terima 34,000
Prepaid insurance Insurans prabayar 5,000
Inventory Inventori 57,000
Equipment Peralatan 46,000

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 Accumulated depreciation - equipment Susutnilai terkumpul- peralatan 18,700
Land Tanah 50,000
Accounts payable Akaun belum bayar 38,000
Accrued salary Gaji terakru 8,250
Loan Pinjaman 50,000
Drawings during the year 2016 amounted RM13,000
REQUIRED :
i. Calculate the capital as at January 1, 2016 and December 31, 2016.
Kirakan modal pada 1 Januari 2016 dan 31 Disember 2016.
(9.5 marks)
ii. Prepare Statement of Profit or Loss for the year ended December 31, 2016.
Sediakan Penyata untung atau rugi bagi tahun berakhir 31 Disember 2016
(4 marks)