FKLT/06-00

Name(s): 1. NUR ARISHA BINTI SALMAN

2. NURLIYANA BINTI MOHD ADNAN
3. NUR JIHAN BINTI AHMAD RIFA’I
4. LAILY SYAZREEN BINTI AZMAN

ID Number(s): 1.AM 2107009458

2.AM 2107009470
3.AM 2107009466
4.AM 2107009475

Lecturer: MADAM ROHAYA BINTI KARIM

Lab group / Tutorial group / Tutor (if applicable)

Course and Course Code: Submission Date:

FINANCIAL AND COST ACCOUNTING (MAC 2073) 25th FEBRUARY 2022

Assignment No. / Title Extension & Late submission:

ASSIGNMENT 1 Allowed / Disallowed
Assignment type: % of Assignment Mark Returning Date:
Group

Penalties:
1. 10% of the original mark will be deducted for every one week period after the submission date
2. No work will be accepted after two weeks of the deadline
3. If you were unable to submit the coursework on time due to extenuating circumstances you may be eligible for an
extension
4. Extension will not exceed one week

Declaration: I/we the undersigned confirm that I/we have read and agree to abide by these regulations on plagiarism and
cheating. I/we confirm that this piece of work is my/our own. I/we consent to appropriate storage of our work for checking
to ensure that there is no plagiarism/ academic cheating.

Signature(s):

(NUR ARISHA BINTI SALMAN) (NURLIYANA BINTI MOHD ADNAN)

(NUR JIHAN BINTI AHMAD RIFA’I) (LAILY SYAZREEN BINTI AZMAN)

This section may be used for feedback or other information

 Table of Contents

Background of the business ........................................................................................ 1

a. Account Transactions ............................................................................................ 2

b. General and Special Journals .................................................................................. 4

C. Ledger........................................................................................................................ 7

d. Trial Balance ............................................................................................................ 17

Background of the business

1. Name of the business Lyhanaa Florist

2. Date of establish 1 July 2021

3. Nature of Business Floral trade

4. Address 16A, Jalan Bandar 3, Ground Floor, Pusat Bandar Melawati, Taman
Melawati, 53300, Kuala Lumpur

5. Business activities ● Focus on creating unique flower bouquets based on the

budget of the customers
● Accepts bridal gifts for wedding ceremonies
● For online orders, there is a delivery service or customers
can opt for pickups
● Sells candles and greeting cards as additional products

6. Business capital RM 200, 000

7. Duration record 1st January 2022 - 31st January 2022 (1 Month)

1
a. Account Transactions

Below are the transactions for Lyhanaa Florist for the month of January 2022:

1/1/2022 Owner injected RM100,000 cash into the business

Owner brought in a delivery van worth RM 90,000 into the business

Owner brought in furniture and fittings worth RM10,000 into the

business

2/1/2022 Purchased goods by cash RM 1000

3/1/2022 Purchased goods worth RM150 on credit with Kim Stationary

4/1/2022 Sold goods to Buttercups & Coffee Cafe on credit RM 500

5/1/2022 Owner bought a premise worth RM100, 000 by cheque to store

stocks

6/1/2022 Goods were sold by cash at RM650

Owner took cash RM80 to pay her telephone bills

7/1/2022 Credit sales to Sarah Wedding Couture worth RM800

8/1/2022 Purchased goods worth RM 350 credit with Waxy Smells

9/1/2022 Hj. Ismail lent loan RM 10, 000 by cheque

10/1/2022 Purchased returned to Waxy Smells worth RM50

11/1/2022 Sold goods worth RM470 to Mims Corporate by cash

Buttercups & Coffee Cafe returned damaged goods worth RM100

12/1/2022 Credit sales to Maisara worth RM 2000 of goods

13/1/2022 Bought office equipment worth RM50, 000 by cheque

Maisara returned damaged goods worth RM300

14/1/2022 Sales returned from Sarah Wedding Couture worth RM180

15/1/2022 Bought goods at RM 400 on credit from iJEA

16/1/2022 Sold goods to Mina Enterprise on credit RM300

17/1/2022 Bought goods at RM 500 on credit at Power Plant

Received loan from Maybank worth RM 10,000 by cheque

2
18/1/2022 Interest received by cheque worth RM500

Returned damaged goods worth RM70 to iJEA

19/1/2022 Issued cheque to Maisara after allowing 8% of cash discount for

remaining balance

20/1/2022 Buttercups & Coffee Cafe settle remaining amount due by cheque
after allowing 8% of cash discount

21/1/2022 Owner took goods RM40 for her friend’s wedding

Received cheque from Sarah Wedding Couture after allowing 8% of

cash discount

22/1/2022 Returned goods to Power Plant worth RM250

23/1/2022 Paid Waxy Smells the amount due by cheque after receiving a cash
discount of 10%

24/1/2022 Owner took cash RM 130 to buy groceries

25/1/2022 Settled remaining amount due by cheque to iJEA after receiving a

cash discount of 10%

26/1/2022 Owner took goods RM 150 for her niece’s birthday party

27/1/2022 Sent a cheque to Power Plant and received 10% cash discount to
settle the remaining balance

Purchased goods RM200 by cash

Paid rent expenses RM 1200 by cheque

28/1/2022 Commission received worth RM300 by cash

29/1/2022 Paid salaries to workers at RM 6000 through bank

30/1/2022 Paid utility expenses RM 1000 by cheque

3
b. General and Special Journals

General Journal
DATE ACCOUNT DEBIT (RM) CREDIT (RM)
1/1/2022 Cash 100,000
Delivery Van 90,000
Furniture & Fitting 10,000
Capital 200,000

5/1/2022 Premise 100,000

Bank 100,000
6/1/2022 Drawing 80
Cash 80
13/1/2022 Office Equipment 50,000
Bank 50,000

21/1/2022 Drawing 40
Purchases 40

24/1/2022 Drawing 130

Cash 130

26/1/2022 Drawing 150

Purchases 150

350,400 350,400

4
PURCHASES JOURNAL
DATE CREDITORS AMOUNT
3/1/2022 Kim Stationary 150
8/1/2022 Waxy Smells 350
15/1/2022 IJEA 400
17/1/2022 Power Plant 500
31/1/2022 Transfer to Purchases Account 1400

SALES JOURNAL
DATE DEBTORS AMOUNT
4/1/2022 Buttercups & Coffee Cafe 500
7/1/2022 Sarah Wedding Couture 800
12/1/2022 Maisara 2000
16/1/2022 Mina Enterprise 300
31/1/2022 Transfer to Sales Account 3600

SALES RETURN JOURNAL

DATE DEBTORS AMOUNT
11/1/2022 Buttercups & Coffee Cups 100
13/1/2022 Maisara 300
21/1/2022 Sarah Wedding Couture 180
31/1/2022 Transfer to Sales Return Account 580

PURCHASES RETURN JOURNAL

DATE CREDITORS AMOUNT
10/1/2022 Waxy Smells 50
18/1/2022 IJEA 70
22/1/2022 Power Plant 250
31/1/2022 Transfer to Purchases Return 370
Account

5
CASH RECEIVED JOURNAL
DISCOUNT

DATE ACCOUNT CASH ALLOWED BANK

6/1/2022 Sales 650

9/1/2022 Hj. Ismail - Loan 10,000

11/1/2022 Sales 470

14/1/2022 Sarah Wedding Couture 50 570

17/1/2022 MAYBANK - Loan 10,000

18/1/2022 Interest 500

19/1/2022 Maisara 136 1564

20/1/2022 Buttercups & Coffee Cafe 32 368

28/1/2022 Commission 300

31/1/2022 Transfer to respective account 1420 218 23002

CASH PAYMENT JOURNAL

DISCOUNT

DATE ACCOUNT CASH RECEIVED BANK

2/2/2022 Purchases 1,000

23/1/2022 Waxy Smells 30 270

25/1/2022 iJEA 33 297

27/1/2022 Power Plant 25 225

27/1/2022 Purchases 200

27/1/2022 Rent Expenses 1200

29/1/2022 Salaries 6000

30/1/2022 Utilities Expenses 1000

31/1/2022 Transfer to respective account 1200 88 8992

6
 C. Ledger

CASH
DATE PARTICULAR RM DATE PARTICULAR RM
1/1/2022 Capital 100,000 2/1/2022 Purchases 1,000
6/1/2022 Sales 650 6/1/2022 Drawings 80
11/1/2022 Sales 470 24/1/2022 Drawing 130
28/1/2022 Commission 300 26/1/2022 Purchases 200

31/1/2022 Balance c/d 100,010

101,420 101,420
1/2/2022 Balance b/d 100,010

DELIVERY VAN
DATE PARTICULAR RM DATE PARTICULAR RM
1/1/2022 Capital 90,000 31/1/2022 Balance c/d 90,000

90,000 90,000
1/2/2022 Balance b/d 90,000

FURNITURE & FITTING

DATE PARTICULAR RM DATE PARTICULAR RM
1/1/2022 Capital 10,000 31/1/2022 Balance c/d 10,000

10,000 10,000
1/2/2022 Balance b/d 10,000

7
 PREMISE

DATE PARTICULAR RM DATE PARTICULAR RM

5/1/2022 Bank 100,000 31/1/2022 Balance c/d 100,000

100,000 100,000

1/2/2022 Balance b/d 100,000

OFFICE EQUIPMENT
DATE PARTICULAR RM DATE PARTICULAR RM
13/1/2022 Bank 50,000 31/1/2022 Balance c/d 50,000

50,000 50,000
1/2/2022 Balance b/d 50,000

DRAWING
DATE PARTICULAR RM DATE PARTICULAR RM
6/1/2022 Cash 80 31/1/2022 Balance c/d 400
21/1/2022 Purchases 40
24/1/2022 Cash 130
26/1/2022 Purchases 150

400 400
1/2/2022 Balance b/d 400

8
 MINA ENTERPRISE
DATE PARTICULAR RM DATE PARTICULAR RM
16/1/2022 Sales 300 31/1/2022 Balance c/d 300

300 300
1/2/2022 Balance b/d 300

BUTTERCUPS & COFFEE CAFE

DATE PARTICULAR RM DATE PARTICULAR RM
4/1/2022 Sales 500 11/1/2022 Sales return 100
20/1/2022 Bank 368
Discount Allowed
(8%) 32

500 500

SARAH WEDDING COUTURE

DATE PARTICULAR RM DATE PARTICULAR RM
7/1/2022 Sales 800 14/1/2022 Sales Return 180
21/1/2022 Bank 570.4
Discount Allowed (8%) 49.6

800 800

MAISARA
DATE PARTICULAR RM DATE PARTICULAR RM
12/1/2022 Sales 2000 13/1/2022 Sales return 300
19/1/2022 Bank 1564
Discount Allowed (8%) 136

2000 2000

9
 PURCHASES RETURN
DATE PARTICULAR RM DATE PARTICULAR RM

31/1/2022 Balance c/d 370 10/1/2011 Waxy Smells 50

18/1/2022 iJEA 70
22/1/2022 Power Plant 250

370 370
1/2//2022 Balance b/d 370

INTEREST RECEIVED
DATE PARTICULAR RM DATE PARTICULAR RM
31/1/2022 Balance c/d 500 18/1/2022 Bank 500

500 500
1/2/2022 Balance b/d 500

SALARIES
DATE PARTICULAR RM DATE PARTICULAR RM
29/1/2022 Bank 6,000 31/1/2022 Balance c/d 6,000

6,000 6,000
1/2/2022 Balance b/d 6000

10
 DISCOUNT RECEIVED
DATE PARTICULAR RM DATE PARTICULAR RM
31/1/2022 Balance c/d 88 23/1/2022 Waxy Smells 30
25/1/2022 Ijea 33
27/1/2022 Power Plant 25

88 88
1/2/2022 Balance b/d 88

MAYBANK - loan
DATE PARTICULAR RM DATE PARTICULAR RM
31/1/2022 Balance c/d 10,000 17/1/2022 Bank 10,000

10,000 10,000
1/2/2022 Balance b/d 10,000

11
 CAPITAL
DATE PARTICULAR RM DATE PARTICULAR RM
31/1/2022 Balance c/d 200,000 1/1/2022 Cash 100,000
Delivery Van 90,000
Furniture & Fitting 10,000

200,000 200,000
1/2/2022 Balance b/d 200,000

BANK
DATE PARTICULAR RM DATE PARTICULAR RM

9/1/2022 Hj. Ismail - Loan 10,000 5/1/2022 Premise 100,000

17/1/2022 Maybank - Loan 10,000 13/1/2022 Office Equipment 50,000
18/1/2022 Interest Received 500 23/1/2022 Waxy Smells 270
19/1/2022 Maisara 1,564 25/1/2022 Ijea 297
20/1/2022 Buttercups & Coffee Cafe 368 27/1/2022 Power Plant 225
20/1/2022 Sarah Wedding Couture 570 Rent Received 1,200
31/1/2022 Balance C/D 135,990 29/1/2022 Salaries 6,000
30/1/2022 Utility Expenses 1000

158,992 158,992
1/2/2022 Balance b/d 135,990

12
 PURCHASES
DATE PARTICULAR RM DATE PARTICULAR RM
2/1/2022 Cash 1,000 21/1/2022 Drawing 40
3/1/2022 Kim Stationary 150 26/1/2022 Drawing 150
8/1/2022 Waxy Smells 350
15/1/2022 Ijea 400 31/1/2022 Balance c/d 2,410
17/1/2022 Power Plant 500
27/1/2022 Cash 200

2,600 2,600
1/2/2022 Balance b/d 2410

KIM STATIONARY
DATE PARTICULAR RM DATE PARTICULAR RM
31/1/2022 Balance c/d 150 3/1/2022 Purchases 150

150 150
1/2/2022 Balance b/d 150

WAXY SMELLS
DATE PARTICULAR RM DATE PARTICULAR RM
10/1/2022 Purchases Return 50 8/1/2022 Purchases 350
23/1/2022 Bank 270
Discount Received (10%) 30

350 350

13
 iJEA
DATE PARTICULAR RM DATE PARTICULAR RM
18/1/2022 Purchases Returm 70 15/1/2022 Purchases 400
25/1/2022 Bank 297

Discount Received (10%) 33

400 400

POWER PLANT
DATE PARTICULAR RM DATE PARTICULAR RM
22/1/2022 Purchases Return 250 17/1/2022 Purchases 500
27/1/2022 Bank 225
Discount Received (10%) 25

500 500

SALES
DATE PARTICULAR RM DATE PARTICULAR RM
31/1/2022 Balance c/d 4720 4/1/2022 Buttercups & Coffee Cafe 500
6/1/2022 Cash 650
7/1/2022 Sarah Wedding Couture 800
11/1/2022 Cash 470
12/1/2022 Maisara 2000
16/1/2022 Mina Enterprise 300

4720 4720
1/2/2022 Balance b/d 4720

14
 SALES RETURN
DATE PARTICULAR RM DATE PARTICULAR RM
11/1/2022 Buttercups & Coffee Cafe 100 31/1/2022 Balance c/d 580
13/1/2022 Maisara 300
14/1/2022 Sarah Wedding Couture 180

580 580
1/2/2022 Balance b/d 580

HJ. ISMAIL - LOAN

DATE PARTICULAR RM DATE PARTICULAR RM
31/1/2022 Balance c/d 10,000 9/1/2022 Bank 10,000

10,000 10,000
1/2/2022 Balance b/d 10,000

COMMISSION RECEIVED

DATE PARTICULAR RM DATE PARTICULAR RM

31/1/2022 Balance c/d 300 28/12022 Cash 300

300 300

1/2/2022 Balance b/d 300

15
 RENT EXPENSES
DATE PARTICULAR RM DATE PARTICULAR RM

27/1/2022 Bank 1,200 31/1/2022 Balance c/d 1,200

1,200 1,200

1/2/2022 Balance b/d 1,200

UTILITY EXPENSES

DATE PARTICULAR RM DATE PARTICULAR RM

30/1/2022 Bank 1,000 31/1/2022 Balance c/d 1,000

1,000 1,000

1/2/2022 Balance b/d 1,000

DISCOUNT ALLOWED

DATE PARTICULAR RM DATE PARTICULAR RM

14/1/2022 Sarah Wedding Couture 50 31/12022 Balance c/d 218

19/1/2022 Maisara 136

20/1/2022 Buttercups & Coffee Cafe 32

218 218

1/2/2022 Balance b/d 218

16
d. Trial Balance

Lyhanaa Florist
Trial Balance as at 31 January 2022

Bil Account Debit (RM) Credit (RM)

1. Cash 100,010

2. Capital 200,000

3. Delivery van 90,000

4. Bank 135,990

5. Furniture & Fitting 10,000

6. Purchases 2,410

7. Premise 100,000

8. Kim Stationary 150

9. Office Equipment 50,000

10. Drawing 400

11. Mina Enterprise 300

12. Sales 4,720

13. Sales Return 580

14. Hj. Ismail - Loan 10,000

15. Purchases Return 370

16. Commission Received 300

17. Interest Received 500

18. Rent Expenses 1,200

19. Salaries 6,000

20. Utility Expenses 1,000

21. Discount Received 88

22. Discount Allowed 218

23. Maybank - Loan 10,000

362,118 362,118

17