FACULTY OF BUSINESS AND MANAGEMENT

UNIVERSITI TEKNOLOGI MARA (UITM)

KAMPUS DUNGUN, TERENGGANU

DIPLOMA IN INVESTMENT ANALYSIS

INTRODUCTION TO FINANCIAL ACCOUNTING AND REPORTING
(ACC117)

GROUP: BA1141A

PREPARED BY:
1. NAJMA FATINI BINTI MOHAMAD FARIS (2021814002)
2. NABIHAH NAJWA BINTI MD NASARUDIN (2021493124)
3. NORZULAIKHA IRDINA BINTI AHMAD RIZAL (2021207754)
4. SITI AESYA HUMAIRA BINTI ABDUL JALIL (2021457946)

PREPARED FOR: MADAM MERANI CHE ALI

SUBMISSION DATE: 06 DECEMBER 2021

1
 TABLE OF CONTENTS

NO CONTENTS PAGE

1 INTRODUCTION 3

3 BUSINESS TRANSACTION 4

4 JOURNALS 5-7

5 LEDGERS 8-14

6 TRIAL BALANCE 15

7 CONCLUSION 16

2
 INTRODUCTION

The name of the business is Shoelala Enterprise. It is located in No.38A, Jalan TK 1/11a, Taman
Kinrara, 47180, Puchong, Selangor. Shoelala is an enterprise of selling all type of shoes. This
shoe store opens daily from 09.00 a.m. until 10.00 p.m.

The business is managed as sole proprietorship business by Miss Najma Fatini binti Mohamad
Faris. This business has started on 1 st November 2021 with capital of RM36,000. She managed
her business together with her three employees – Miss Nabihah Najwa binti Md Nasarudin,
Miss Norzulaikha Irdina binti Ahmad Rizal and Miss Siti Aesya Humaira binti Abdul Jalil.

Najma Fatini Binti Mohamad Faris – Team leader

Nabihah Najwa Binti Md Nasarudin – Member
Norzulaikha Irdina Binti Ahmad Rizal – Member
Siti Aesya Humaira Binti Abdul Jalil - Member

3
 TRANSACTION FOR THE MONTH OF NOVEMBER 2021

Date Type of Journal Transaction

Nov The owner starts the business with cash in bank amount
CRJ
1 RM30,000 and loan from bank RM36 000.
3 PJ Purchased goods worth RM25,000 from Polo Sdn Bhd on credit
5 SJ Sold goods on credit to Upin Sdn Bhd worth RM8,000
6 ROJ Return defective goods to Polo Sdn Bhd worth RM5,000
7 CPJ Paid store rental RM5,000 by cheque
7 SJ Sold goods on credit to Ipin Sdn Bhd worth RM6,000
9 CPJ Paid utilities RM1,000 by cheque
Bought shoe shelves worth RM3,000 by credit from Syam Sdn
10 GJ
Bhd
Ipin Sdn Bhd return goods to us RM300 due to false
12 RIJ
specification
12 GJ Business took goods amounting RM500 for personal use.
13 GJ Machine bought by cheque amount RM240
Upin Sdn Bhd returned faulty goods to the business worth
15 RIJ
RM900
Purchased goods on credit from Yoongi Sdn Bhd worth
17 PJ
RM5,000
17 CRJ Sold goods on cash RM300 to Upin Sdn Bhd
19 CRJ Sold good by cash RM500 to Irdina
20 SJ Sold goods on credit to JYP Sdn Bhd worth RM 10,000
24 CPJ Paid RM 600 by cheque a loan owed to Maybank.
26 CPJ Purchase goods by cash worth RM500 from Ahmad Enterprise
Paid salaries RM3 600 by cheque to employees for their
27 CPJ
monthly salary.
28 CPJ Withdrew cash RM800 for owner’s personal use
29 ROJ Return goods to Yoongi Sdn Bhd worth RM500
Purchased goods from Selesa Enterprise on credit worth
30 PJ
RM3,000
30 CRJ Sold goods to Aisyah RM800 by cash

4
 JOURNALS

General Journal
Date Particular Folio Debit Credit
(RM) (RM)
2021 Cash GL1 30 000
Nov 1 Capital GL2 30 000
1 Cash GL1 36 000
Loan GL3 36 000
Nov 10 Furniture GL4 3000
Payable – Syam sdn Bhd GL5 3000
12 Drawing GL6 500
Goods GL7 500
13 Machine GL8 240
Bank GL9 240
28 Drawings GL6 800
Cash GL1 800

Sales Journal
Date Particular Folio Invoice No. Amount
(RM)
2021
Nov 3 Upin Sdn Bhd SL1 2022 8 000
7 Ipin Sdn Bhd SL2 2027 6 000
20 JYP Sdn Bhd SL3 2030 10 000
24 000

5
 Purchases Journal
Date Particular Folio Invoice No. Amount
(RM)
2021
Nov 3 Polo Sdn Bhd PL1 6541 25 000
17 Yoongi Sdn Bhd PL2 6579 5 000
30 Selesa Enterprise PL3 3245 3 000
33000

Return Inward Journal

Date Particular Folio Invoice No. Amount
(RM)
2021
Nov 12 Ipin Sdn Bhd SL2 7426 300
15 Upin Sdn Bhd SL1 5423 900
1 200

Return Outwards Journal

Date Particular Folio Invoice No. Amount
(RM)
2021
Nov 6 Polo Sdn Bhd PL1 9854 5 000
29 Yoongi Sdn Bhd PL2 6514 500
5500

Cash Payment Journal

6
 Chequ Disc Purchase Other
Dat Accounts Foli Bank Cash Creditor
e Pv no. Receive s Accoun
e Debited o cr Cr s Dr
No d Cr Dr t Dr
(RM
(RM) (RM) (RM) (RM) (RM)
)
202
1
GL1
Nov 4534 Rental PV001 5000 5000
0
7
GL1
9 205 Utilities PV002 1000 1000
1
24 5802 Loan PV003 GL3 600 600
Ahmad
GL1
26 175 Enterpris PV004 500 500
2
e
GL1
27 6792 Salaries PV005 3600 3600
3
PPV00
28 375 Drawing GL6 800 800
6
1020 130
Subtotal 500 11000
0 0

Cash Receipt Journal

Disc.
Accounts Bank Cash Debitors Sales Other
Date Ref Folio Allowe
Credited dr Dr Cr Cr Account Cr
d Dr
2021 RM RM RM RM RM RM
Nov
GL2 36000 30000 66000
1 Capital
1 Loan CB0001 GL3 36000
Upin Sdn
17 CB002 SL1 300 300
Bhd
19 Irdina CB003 GL14 500 500
30 Aisyah CB003 GL15 800 800
Subtotal 72000 31600 1 600 66000

7
 RECEIVABLE: UPIN SDN BHD
Amount Amount
Date Particulars F Date Particulars F
(RM) (RM)
2021 2021
Nov 5 Sale SJ Nov 15 Return Inward RI
8 000 900
J
30 Balance c/f 7 100
8 000 8 000
Dec 1 Balance b/f 7 100

RECEIVABLE ACC: IPIN SDN BHD

Amount Amount
Date Particulars F Date Particulars F
(RM) (RM)
2021 2021
NOV 7 Sales SJ Nov 12 Return Inwards RI
6 000 300
J
5 700
30 Balance c/f
6000 6 000
Dec 1 Balance b/f 5 700

RECEIVABLE ACC: JYP SDN BHD

Amount Amount
Date Particulars F Date Particulars F
(RM) (RM)
2021 2021
Nov 20 Sale SJ 10 000 Nov 30 Balance c/f 10 000
10 000 10 000
Dec 30 Balance b/f 10 000

PAYABLE ACC: POLO SDN BHD

Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 6 Return ROJ 5 000 Nov 3 Purchase PJ
25 000
Outward

8
 30 Bal c/f 20 000
25 000 25 000
Dec 1 Balance b/f 20 000

PAYABLE: SYAM SDN BHD

Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 30 Balance c/f 3 000 Nov 10 Furniture GJ 3 000
3 000 3 000
Dec 1 Balance b/f 3 000

PAYABLE: YOONGI SDN BHD

Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 29 Return ROJ Nov 17 Purchase PJ 5000
500
Outward
30 Balance c/f 4 500
5 000 5000
Dec 1 Balance b/f 4 500

PAYABLE: SELESA
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Dec 1 Balance c/f 3 000 Nov 30 Purchase PJ 3 000
3 000 3 000
Dec 1 Balance b/f 3 000

9
GENERAL LEDGER

CAPITAL ACCOUNT
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 30 Balance c/f 66 000 Nov 1 Cash CRJ 30 000
Bank GL9 36 000
66 000 66 000
Dec 1 Balance b/f 66 000

BANK ACCOUNT
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 1 Capital CRJ Nov 7 Rental CP 5000
30 000
J
1 Loan CRJ Utilities CP 1000
36 000 9
J
13 Machine GJ 240
Loan CP 600
24
J
Salaries CP 3600
27
J
30 Balance c/f 55 560
66 000 66 000
Dec 1 Balance b/f 55 560

CASH
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 17 Sale SJ 300 Nov Purchase PJ 500
26
19 Sale SJ 500 28 Drawing GJ 800

10
 30 Sale SJ 800 30 Balance c/f 300
1600 1600
Dec 1 Balance b/f 300

LOAN
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 20 Bank CPJ 600 Nov 1 Bank GJ 36 000
30 Balance c/f 35 400
36 000 36 000
Dec 1 Balance b/f 35 400

SALES LEDGER
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 30 Balance c/f 25 600 NOV 5 Receivable:
8 000
Upin Sdn Bhd SL1
Receivable:
7
Ipin Sdn Bhd SL2 6 000
17 Cash GL1 300
19 Cash GL1 500
Receivable:
20
JYP Sdn Bhd SL3 10 000
30 Cash GL 800

25 600 25600
Dec 1 Balance b/f 25 600

11
 PURCHASE LEDGER
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 3 Payable: Polo PL1 25 000 Nov 12 Drawing GL6 500
Sdn Bhd
Payable:
17 Yoongi Sdn PL2 5000 30 Balance c/f 33000
Bhd
26 Cash GL1 500
30 Payable:
Selesa PL3 3000
Enterprise
33500 33 500
Dec 1 Balance b/f 33 000

RETURN OUTWARDS
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 30 Balance c/f 5 500 Nov 6 Payable: Polo PL1 5 000
Sdn Bhd
Payable: 500
29 Yoongi Sdn PL2
Bhd
5 500 5 500
Dec 1 Balance b/f 5 500

12
 RETURN INWARDS
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021 Balance c/f
Nov 12 Receivable: 300 Nov 30 1 200
SL2
Ipin Sdn Bhd
15 Receivable: 900
SL1
Upin Sdn Bhd
1 200 1 200
Dec 1 Balance b/f 1 200

RENTAL ACC
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 7 Bank Nov Balance c/f
GL9 5 000 5 000
30
5 000 5 000
Dec 1 Balance b/f 5 000

UTILITIES ACC
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 9 Bank GL9 1 000 Nov 30 Balance c/f 1 000
1 000 1 000
Dec 1 Balance b/f 1 000

FURNITURE
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 10 Bank GL9 3 000 Nov 30 Balance c/f 3 000
3 000 3 000
Dec 1 Balance b/f 3 000

DRAWINGS
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021

13
Nov 12 Purchase 500 Nov Balance c/f 1 300
PJ
30
28 Cash GL1 800
1 300 1 300
Dec 1 Balance b/f 1 300

MACHINE
Date Particulars F Amount Date Particulars F Amount
2021 2021
Nov 13 Bank GL9 240 Nov 30 Balance c/f 240
240 240
Dec 1 Balance b/f 240

SALARIES
Date Particulars F Amount Date Particulars F Amount
(RM) (RM)
2021 2021
Nov 27 Bank GL9 3600 Nov 30 Balance c/f 3600
3600 3600
Dec 1 Balance b/f 3600

14
 SHOELALA ENTERPRISE
TRIAL BALANCE AS AT 30 NOVEMBER 2021
DEBIT CREDIT
RM RM
Cash 300
Bank 55 560
Capital 30 000
Loan 35 400
Sales 25 600
Return Outwards 5 500
Return Inwards 1 200
Purchases 33 000
Rental 5 000
Utilities 1 000
Furniture 3 000
Drawings 1 300
Machine 240
Salaries 3600
Account Receivable: Upin 7 100
Account Receivable: Ipin 5 700
Account Receivable: JYP 10 000
Account Payable: Polo 20 000
Account Payable: Syam 3 000
Account Payable: Yoongi 4 500
Account Payable: Selesa 3 000
127 000 127 000

15
 CONCLUSION

Trial balance is actually a summary of account balances containing Assets,

Liabilities, expenses, income and capital either in a credit or debit terms.
Preparing a trial balance helps in lessen the mathematical errors using a
double entry system which is provides the total debit balance to the total
credit.

Those above principals are easy to say but it is hard to do. Collaborating
among group members to tally the above trial balance is very useful. Our
experiences to prepare the trial balance together help us to detect errors in
various ways.

Sometimes we became despair because tallied trial balance does not mean
that, it is free from Error of Omission or Error of Commission or Principal
Errors.

ere, we cannot satisfy that a tallied trial balance is exactly correct because of
some errors such as main entries twice. If this happened, the trial balance will
still be in balance. Sometimes, the entries are not made at all, and the trial
balance will still balance. The other errors are the entries is transfer to wrong
account, there are reverse entries, any transposed numbers and unbalanced
entries.

16
Those mentioned errors above will occur when we do not careful in preparing
trial balance. The carefulness will finally give us a stress condition. Luckily,
our team work is really beneficial to each other.

The major conclusion from tallying a trail balance is that, account balance are
free from arithmetic errors, free from transpose errors.

17