SAMPLE

GROUP ASSIGNMENT
ACC106

SEMESTER MARCH 2020 – JULY 2020

1.0 INTRODUCTION
1.1 PROFILE OF THE BUSINESS

Rainbow Jr is an enterprise selling office products such as laminating and binding machines. The
location of the business is at Lot 4496, Jalan Lapangan Terbang, Sura Hujung, 23000 Dungun,
Terengganu. The business is open daily from 8.00 a.m. to 10.00 p.m. except on Friday.

The business is managed as proprietorship by Puan Jawariah Binti Sulaiman with a cash contribution
of RM 250,000 since 1st January 2011. She managed her business together with her three employees
– Encik Syamil Bin Malek, Cik Suria Binti Muhammad and Cik Merlina Binti Syukor.

1.2 TRANSACTIONS FOR THE MONTH OF JANUARY 2011.

JAN
4 Sold goods on credit to Abu Nawas Sdn Bhd, worth RM 2,500
10Purchased goods worth RM 4,600 from Ahmad Albab Sdn Bhd on credit
17Returned defective goods to Ahmad Albab Sdn Bhd worth RM 1,100
18Abu Nawas Sdn Bhd returned damaged goods amounted RM 950
22Bought machinery worth RM 45,000 on credit from Allim Vision Sdn. Bhd.
25Paid Ahmad Albab RM 1,800 by cheque.
26 Cash sales to Fakulti Perakaunan UiTMT RM 1,500

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 SAMPLE ANSWER (GROUP ASSIGNMENT)
ACC106

RAINBOW JR

SALES JOURNAL

DATE PARTICULAR FOLIO INVOICE NO. AMOUNT

(RM)
4-Jan- 11 Abu Nawas Sdn Bhd SL O100 2,500
31-Jan-11 Transfer to sales account GL 2,500

PURCHASES JOURNAL

DATE PARTICULAR FOLIO INVOICE NO. AMOUNT

(RM)
10-Jan- 11 Ahmad Albab Sdn Bhd PL B3545 4,600
31-Jan-11 Transfer to purchases account GL 4,600

RETURN OUTWARDS JOURNAL

DATE PARTICULAR FOLIO INVOICE NO. AMOUNT

(RM)
17-Jan- 11 Ahmad Albab Sdn Bhd PL B3545 1,100
31-Jan-11 Transfer to return outwards GL 1,100
account

RETURN INWARDS JOURNAL

DATE PARTICULAR FOLIO INVOICE NO. AMOUNT

(RM)
18-Jan- 11 Abu Nawas Sdn Bhd SL O100 950
31-Jan-11 Transfer to return inwards GL 950
account

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GENERAL JOURNAL

DATE PARTICULAR FOLIO DEBIT CREDIT

22-Jan- 11 Machinery 45,000
Allim Vision Sdn. Bhd. 45,000
31-Jan- 11* Sales 4,000
Return outwards 1,100
Income statement 5,100
31-Jan- 11* Income statement 4,450
Purchase 3,500
Return inwards 950

54,550 54,550

*Note: These represents journal for closing entries

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CASH PAYMENT JOURNAL

DATE CHEQUE ACCOUNTS DEBITED PV NO. FOLIO BANK CASH DISC. CREDITORS PURCHASES OTHER
NO CR CR RECEIVED DR DR ACCOUNT
CR DR
25-Jan- 11 765432 Ahmad Albab PVoo1 PL 1,800 1,800

1,800 1,800

CASH RECEIPT JOURNAL

DATE ACCOUNTS CREDITED OFFICIAL FOLIO BANK CASH DISC. DEBTORS SALES OTHER
RECEIPT DR DR ALLOWED CR CR ACCOUNT
NO DR CR
01-Jan- 11 Capital GL 250,000 250,000
26-Jan- 11 Cash Sales CB001 GL 1,500 1,500
251,500 1,500 250,000

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5
 RAINBOW JR
SALES LEDGER

ABU NAWAS SDN BHD

DATE PARTICULARS FOLIO AMOUNT DATE PARTICULARS FOLIO AMOUNT
4-Jan-11 Sales SJ 2,500 18-Jan-11 Return Inwards RIJ 950
31-Jan-11 Bal c/d 1,550
1,550 1,550
1-Feb-11 Bal b/d 1,550

RAINBOW JR
PURCHASES LEDGER

AHMAD ALBAB SDN BHD

DATE PARTICULARS FOLIO AMOUNT DATE PARTICULARS FOLIO AMOUNT
17-Jan-11 Return Outwards ROJ 1,100 10-Jan-11 Purchases 4,600
25-Jan-11 Bank CPJ 1,800
31-Jan-11 Bal c/d 1,700
4,600 4,600
1-Feb-11 Bal b/d 1,700

RAINBOW JR
GENERAL LEDGER

SALES
DATE PARTICULA FOLIO AMOUNT DATE PARTICULARS FOLIO AMOUNT
RS
31-Jan-11 I/S 4,000 4-Jan-11 Credit sales SJ 2,500
Cash Sales CRJ 1,500
4,000 4,000

RETURN INWARDS
DATE PARTICULARS FOLIO AMOUNT DATE PARTICULARS FOLIO AMOUNT
18-Jan-11 Total returns RIJ 950 31-Jan-11 I/S 950

950 950

RETURN OUTWARDS
DATE PARTICULARS FOLIO AMOUNT DATE PARTICULARS FOLIO AMOUNT
31-Jan-11 I/S 1,100 17-Jan-11 Total returns ROJ 1,100

1,100 1,100
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 MACHINERY

DATE PARTICULARS FOLIO AMOUNT DATE PARTICULARS FOLIO AMOUNT

22-Jan-11 Allim Vision GJ 45,000 31-Jan-11 Bal c/d 45,000
Sdn. Bhd.

45,000 45,000
1-Feb-11 Bal b/d 45,000

BANK

DATE PARTICULARS FOLIO AMOUNT DATE PARTICULARS FOLIO AMOUNT

01-Jan-11 Capital 250,000 25-Jan-11 Ahmad Albab 1,800
26-Jan-11 Sales 1,500 31-Jan-11 Bal c/d 249,700
251,500 251,500
1-Feb-11 Bal b/d 249,700

CAPITAL

DATE PARTICULARS FOLIO AMOUNT DATE PARTICULARS FOLIO AMOUNT

31-Jan-11 Bal c/d 250,000 01-Jan-11 Capital 250,000

250,000 250,000
1-Feb-11 Bal b/d 250,000

PURCHASE

DATE PARTICULARS FOLIO AMOUNT DATE PARTICULARS FOLIO AMOUNT

31-Jan-11 Credit purchase 4,600 31-Jan-11 I/S 4,600

Allim Vision Sdn. Bhd.

DATE PARTICULARS FOLIO AMOUNT DATE PARTICULARS FOLIO AMOUNT

31-Jan-11 Bal c/d 45,000 22-Jan-11 Machinery 45,000

45,000 45,000
1-Feb-11 Bal b/d 45,000

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 RAINBOW JR
TRIAL BALANCE AS AT 31 JANUARY 2011

DEBIT CREDIT
Capital 250,000
Account Payable 46,700
Sales 4,000
Return Outwards 1,100
Account Receivable 1,550
Return Inwards 950
Machinery 45,000
Purchase 4,600
Bank 249,700
301,800 301,800

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INSTRUCTIONS TO STUDENTS:
 Students are required to form a group consists of three (3)
students in a group.

 Information to be included in the assignment are:

1) Profile of the business
2) Transactions for one month (create at least three (3)
transactions for each types of journal: Sales Journal,
Purchase Journal, Return Inward Journal, Return Outward
Journal, Cash Receipt, Cash Payment Journal, General
Journal)
3) Ledgers – posting to appropriate ledger account based on
the journal prepared
4) Closing the account
5) Trial balance – using the correct format