ACC117

INTRODUCTION TO FINAL ACCOUNTING

FOR NON-ACCOUNTING STUDENTS
GROUP PROJECT ASSIGNMENT

FACULTY BUSINESS AND MANAGEMENT

DIPLOMA IN BUSINESS STUDIES
BA1111F

PREPARED BY:
NO. NAME MATRIC NO.
1. RADIN NAZRIN BIN RADIN JAMZULKOMAR 2022613502
2. MUHAMMAD DANISH BIN MOHAMMAD NIZAM 2022673494
3. IRFAN HARITH BIN TAHAYA 2022874522
4. QASDINA BINTI ROHZAN 2022255776

PREPARED FOR:
MADAM NORAIDA BINTI SAIDI

SUBMISSION DATE:

1
 TABLE OF CONTENTS
NO. CONTENT PAGE

1. INTRODUCTION

2. TRANSACTION

3. JOURNAL

4. LEDGER

5. TRIAL BALANCE

6.

2
 INTRODUCTION

BACKGROUND OF COMPANY
AL-QADIR ENT

LOCATION OF BUSSINESS:
Lot A101, Jalan Taman Melawati,
53100, Ulu Klang,
Selangor Darul Ehsan.

OPERATION HOUR:
10 AM – 10 PM ( Close on Sunday )

CONTACT US:
Tel. num: 08-1004-1004
Facebook: Al-Qadir Shoes Company
Instagram: alqadir
Email: AlQadir@gmail.com

Activity:
-S
 TRANSACTION
AL-QADIR ENT
Transaction:
The following are the business transaction in January 2017.

DATE TRANSACTION

JAN
Start business with cash RM20000, bank RM60000.
1

2 Purchase goods from HiH Sports worth RM5000 with cash.

4 Returned damage goods to HiH Sports worth RM500.
6 Sold goods to Ali with cash amount RM1000.
9 Ali return damage goods amounting RM200.
Issued invoices to the following customers:

Wati - RM400
11 Abu - RM550
James - RM600

The credit terms are 10/2, 5/7, n/30.

13 Purchased socks RM1500 on credit from ABC Sdn Bhd.
14 Issued a debit note to ABC Sdn Bhd RM300.
16 Purchase office equipment on credit RM800 rom DC Enterprise.
18 The owner took cash and goods for personal use worth RM200 and RM400 respectively.
20 James returns damaged product worth RM100.
21 Obtained a bank loan of RM15000 from Bank XYZ Berhad.
23 Purchased furniture and fitting with cash RM600 from Hasan Furniture Berhad.
24 Bought sandals from Badrol Enterprise worth RM500 on credit.
25 Received a cheque from Wati, Abu, James as full settlement of the account.
27 Paid electricity expenses cost RM300 by cheque.
Paid the amount to ABC Sdn Bhd, DC Enterprise and Badrol furniture by cheque as full settlement
28
of the account.
30 Received commission RM500.
 TRIAL BALANCE
Trial balance as at 1 January 2017
Particulars Debit Credit
Cash 16000
Bank 73650
Capital 80000
Purchase 6600
Sales 2550
Return Outwards 800
Return Inwards 300
Office Equipment 800
Drawings 600
Bank Loan 15000
Furniture 600
Electricity 300
Comission 500

98850 98850
 LEDGER

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

1/1 CAPITAL RM20,000 2/1 PURCHASE RM5000
4/1 RETURN RM500 9/1 RETURN RM200
OUTWORDS INWORDS
6/1 SALES RM1000 18/1 DRAWINGS RM200
30/1 COMISSION RM500 23/1 FURNITURE RM600
31/1 BALANCE C/D RM16,000
RM22,000 RM22,000
1/2 BALANCE B/D RM16,000
CASH

BANK

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

1/1 CAPITAL RM60,000 27/1 ELECTRICITY RM300
21/1 BANK LOAN RM15,000 28/1 A/P-ABC SDN BHD RM1,200
25/1 A/R-WATI RM400 28/1 A/P DC RM800
ENTERPRISE
25/1 A/R-ABU RM550 28/1 A/P-BADROL RM 500
ENTERPRISE
25/1 A/R-JAMES RM500 31/1 BALANCE C/D RM73,650

RM76,450 RM76,450
1/2 BALANCE B/D RM73,650

CAPITAL

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

31/1 BALANCE C/D RM80,000 1/1 CASH RM20,000
1/1 BANK RM60,000
RM80,000 RM80,000
1/2 BALANCE B/D RM80,000

PURCHASE

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

2/1 CASH RM5,000 18/1 DRAWINGS RM400
13/1 A/P ABC SDN BHD RM1,500 31/1 BALANCE C/D RM6,600
24/1 A/P BADROL RM500
ENTERPRISE
RM7,000 RM7,000
1/2 BALANCE B/D RM6,600
 SALES

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

31/1 BALANCE C/D RM2,550 6/1 CASH RM1,000
11/1 WATI RM400
11/1 ABU RM550
11/1 JAMES RM600
RM2,550 RM2,550
1/2 BALANCE B/D RM2,550

RETURN OUTWORDS

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

31/1 BALANCE C/D RM800 4/1 GOODS RM500
14/1 A/P-ABC SDN BHD RM300
RM800 RM800
1/2 BALANCE B/D RM800

RETURN INWORDS

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

9/1 GOODS RM200 31/1 BALANCE C/D RM300
20/1 A/R-JAMES RM100
RM300 RM300
1/2 BALANCE B/D RM300

A/R-WATI

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

11/1 SALES RM400 25/1 BANK RM400

RM400 RM400

A/R-ABU

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

11/1 SALES RM550 25/1 BANK RM550

RM550 RM550

A/R-JAMES

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

11/1 SALES RM600 20/1 RETURN INWORDS RM100
25/1 BANK RM500
RM600 RM600
 A/P-ABC SDN BHD

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

14/1 RETURN RM300 13/1 PURCHASES RM1,500
OUTWORNDS
28/1 BANK RM1,200
RM1,500 RM1,500

A/P-DC ENTERPRISE

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

28/1 BANK RM800 16/1 OFFICE RM800
EQUIPMENT

RM800 RM800

OFFICE EQUIPMENT

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

16/1 A/P-DC ENTERPRISE RM800 31/1 BALANCE C/D RM800
RM800 RM800
1/2 BALANCE B/D RM800

DRAWINGS

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

18/1 CASH RM200 31/1 BALANCE C/D RM600
18/1 GOODS RM400
RM600 RM600
1/2 BALANCE B/D RM600

BANK LOAN

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

31/1 BALANCE C/D RM15,000 21/1 BANK RM15,000
RM15,000 RM15,000
1/2 BALANCE B/D RM15,000

FURNITURE

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

23/1 CASH RM600 31/1 BALANCE C/D RM600
RM600
1/2 BALANCE B/D RM600
 A/P-BADROL ENTERPRISE

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

28/1 CASH RM500 24/1 PURCHASE RM500

RM500 RM500

ELECTRICITY

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

27/1 BANK RM300 31/1 BALANCE C/D RM300
RM300 RM300
1/2 BALANCE B/D RM300

COMMISSION

DATE DETAILS AMOUNT DATE DETAILS AMOUNT

31/1 BALANCE C/D RM500 30/1 CASH RM500
RM500 RM500
1/2 BALANCE B/D RM500