SIMULATION / PROJECT

ACC106

INTRODUCTION TO FINANCIAL ACCOUNTING A

PREPARED BY:

FACULTY & PROGRAMME : FACULTY OF BUSINESS MANA

SEMESTER : MARCH – JULY 2020

GROUP MEMBERS : Ahmad Aqeef bin Mohamad Kam

: Nurul Aliaa binti Noor Fikrie

GROUP : BA111 1A

PREPARED FOR:
PUAN SYAZLIANA KASIM
SUBMISSION DATE:
Friday on Week 13
ULATION / PROJECT
ACC106

ANCIAL ACCOUNTING AND REPORTING

PREPARED BY:

LTY OF BUSINESS MANAGEMENT

H – JULY 2020

Aqeef bin Mohamad Kamar Zaman 2020903009

Aliaa binti Noor Fikrie 202039995

1A

PREPARED FOR:
N SYAZLIANA KASIM
UBMISSION DATE:
riday on Week 13
INTRODUCTION

1 Name of business :
2 Place of business :
3 Business activities :
4 Capital contribution :
5 Financial year end :
 SUPATIAM SHOES
Lot 92, Desa Wangsa Keramat, Jalan Keramat Hujung, 54100 Kuala Lumpur
Selling and Buying Shoes
RM 55000
28-Feb-19
 TRANSACTIONS FOR MAY 2020

DATE

2019
Mac
1
3
4
6
11
13
16
17
20
22
23
24
26

27
28
29
 TRANSACTIONS FOR MAY 2020

PARTICULAR

Started business with RM55000 cash

Bought goods worth RM4000 on credit from Kedai Alatan Jahitan Baba
Paid rent amouting RM800 by cheque
Deposited RM50200 of business cash to bank account
Sold goods worth RM3800 on credit to Kedai Kasut Fairy
Returned goods to Kedai Alatan Jahit Baba worth RM800
Made cash sales of RM4825 to Lilah Shoes
Received RM200 comission in cash
Goods worth RM900 returned by Kedai Kasut Fairy
Purcashed goods worth RM2700 by cash
Paid wages amount RM200 cash
Owner took RM100 worth of goods for own use
Paid RM3150 to Kedai Alatan Jahitan Baba by cheque after
received a cash discounting RM50
Paid sundry expenses of RM300 by cash
Owner took RM200 for own use
Received RM2820 from Kedai Kasut Fairy by cash after
cash discount RM 80
JOUNAL / BOOK OF PRIME ENTRY

General Journal
Date Particulars Amount
Debit Credit
Mac 1 Cash 55000
Capital 55000

24 Drawing 100
Purchase 100

28 Drawing 200
Cash 200

Purchases Journal
Mac 3 Kedai Alatan Jahit Baba 4000
22 Transferred to purchase a/c 4000

Sales Journal
Mac 11 Kedai Kasut Fairy 3800
16 Transferred to sales a/c 3800

Returns Outward Journal

Mac 13 Kedai Alatan Jahitan Baba 800
Tranfered to return outward a/c 800

Return Inward Journal

Mac 20 Kedai Kasut Fairy 900
Transferred to return inward a/c 900

Cash Payment Journal

Date Details Disc Received Bank Cash
RM RM RM
Mac 4 Rent Expenses 800
6 Cash 50200
22 Purchases 2700
23 Wages Expenses 200
26 Kedai Alatan Jahitan Baba 50 3150
 27 Sundry Expenses 300

Cash Receipt Journal

Date Details Disc Received Bank Cash
RM RM RM
Mac 16 Lilah Shop 4825
17 Comission Rec 200
29 Kasut Fairy 2820
LEDGER / 'T' ACCOUNT

Capital a/c
DATE PARTICULAR AMOUNT (RM) DATE
Mac 31 Balance c/d 55000 Mac 1

1-Apr

CASH a/c
DATE PARTICULAR AMOUNT (RM) DATE
Mac 1 Capital 55000 Mac 6
17 Comission received 200 22
23
27
28
31
55200
1-Apr Balance b/d 1600

BANK a/c
DATE PARTICULAR RM DATE
Mac 6 Cash 50200 Mac 4
29 Debtor- Kedai Kasut Fairy 2820 26
31
53020
1-Apr Balance b/d 49070

Debtor- Lilah Shoes a/c

DATE PARTICULAR RM DATE
Mac 16 Sales 4825 Mac 31

1-Apr Balance b/d 4825

a/c
PARTICULAR AMOUNT (RM) DATE
Cash 55000 Mac 11

Balance b/d 55000

/c
PARTICULAR AMOUNT (RM)
Bank 50200 DATE
Purchases 2700 Mac 3
Wages Expenses 200 22
Sundry Expenses 300
Drawing 200
Balance c/d 1600
55200 DATE
Mac 31

/c
PARTICULAR RM
Rental Expenses 800
Creditor- Kedai Alatan Jahit Baba 3150 DATE
Balance c/d 49070 Mac 31
53020

DATE
hoes a/c Mac 24
PARTICULAR RM 28
Balance c/d 4825
1-Apr

DATE
Mac 29
 Debtor a/c - Kedai Kasut Fairy
PARTICULAR AMOUNT (RM) DATE
Sales 3800 Mac 20
29
29
3800

Purchases a/c
PARTICULAR AMOUNT (RM) DATE
Creditor-Kedai Alatan Jahit Baba 4000 Mac 24
Cash 2700 31
6700

Return Outward a/c

PARTICULAR RM DATE
SOPL 800 Mac 13

800

Comission Received a/c

PARTICULAR RM DATE
SOPL 200 Mac 17

Drawing a/c
PARTICULAR RM DATE
Purchases 100 Mac 31
Cash 200
300
Balance b/d 300

Discount Allowed a/c

PARTICULAR RM DATE
Debtor - Kedai Kasut Fairy 80 Mac 31
 i Kasut Fairy
PARTICULAR AMOUNT (RM) DATE
Return inwards 900 Mac 18
Bank 2820 26
Discount allowed 80 26
3800

s a/c
PARTICULAR AMOUNT (RM) DATE
Drawing 100 Mac 4
SOPL 6600
6700
DATE
ward a/c Mac 31
PARTICULAR RM
Creditor-Kedai Alatan Jahit Baba 800

800
DATE
ceived a/c Mac 20
PARTICULAR RM
Cash 200
DATE
a/c Mac 23
PARTICULAR RM
Balance c/d 300
DATE
300 Mac 31

owed a/c DATE

PARTICULAR RM Mac 27
SOPL 80
 Creditor a/c - Kedai Alatan Jahitan Baba
PARTICULAR AMOUNT (RM) DATE
Return Outwards 800 Mac 3
Discount received 50
Bank 3150
4000

Rental a/c
PARTICULAR RM DATE
Bank 800 Mac 31

Sales a/c
PARTICULAR RM DATE
SOPL 8625 Mac 11
16
8625

Return Inwards a/c

PARTICULAR RM DATE
Debtor- Kedai Kasut Fairy 900 Mac 31

Wages Expenses a/c

PARTICULAR RM DATE
Cash 200 Mac 31

Discount Recorded a/c

PARTICULAR RM DATE
SOPL 50 Mac 26

Sundry Expenses a/c

PARTICULAR RM DATE
Cash 300 Mac 31
atan Jahitan Baba
PARTICULAR AMOUNT (RM)
Purchases 4000

4000

a/c
PARTICULAR RM
SOPL 800

/c
PARTICULAR RM
Debtor- Kedai Kasut Fairy 3800
Debtor- Lilah Shoes 4825
8625

rds a/c
PARTICULAR RM
SOPL 900

nses a/c
PARTICULAR RM
SOPL 200

orded a/c
PARTICULAR RM
Creditor-Kedai Alatan Jahit Baba 50

nses a/c
PARTICULAR RM
SOPL 300
LEDGER / 'T' ACCOUNT

NOTE: Please prepare a trial balance for the business for the period

SUPATIAM SHOES
Trial Balance as at 31st Mac 2019
PARTICULAR
Cash
Capital
Purchases
Rental
Bank
Sales
Return Outwards
Debtor - Lilah Shoes
Commision received
Return Inwards
Wages
Drawing
Discount received
Sundry expenses
Discount allowed
TOTAL
ss for the period

M SHOES
at 31st Mac 2019
DEBIT CREDIT
RM RM
1600
55000
6600
800
49070
8625
800
4825
200
900
200
300
50
300
80
64675 64675