INSTRUCTION:

 Section A: Answer all questions.

 Section B: Answer One (1) question only
 Try to answer follow by the recommended time.

SET 3 : SELF TEST

PRINCIPLES OF ACCOUNTING FOR TOURISM & HOSPITALITY
MODEL_TEST-SET_3

SET 3

INSTRUCTION:
SECTION A: ANSWERS ALL QUESTIONS.

Try to spend only 30 minutes for this question.

QUESTION 1:

The following are transactions of DM Furniture for the month of March 2015.

Date Transaction
2015 Started business with cash in hand RM600 and cash at the bank RM2120.
March 1
2 Purchase goods through credit from Sachio Ltd. worth RM3000.
3 Purchase goods by cash RM450.
6 Paid off entire amount owed to Sachio Ltd. by cheque. Received 5% discount.
7 Cash sales was banked in RM500.
8 Cash sales and cheque where received RM1450.
9 Sold goods on credit to Minda Enterprise worth RM4000.
10 Purchased goods by cheque worth RM2100
11 Received cheque from Minda Enterprise to pay off its account. Discount allowed 5%.
12 Purchase office equipment by cheque RM3700.
13 Credit purchases from Indra RM2000.
16 Withdrawal of money from bank RM4000 for office use.
18 Paid off the amount owed to Indra by cheque. Received discount RM100.
20 Sold goods to Siva on credit worth RM1200
22 Purchase goods by cheque worth RM1900
28 Cash sales RM600
29 Cash in the office was banked in RM3500
30 Withdrawal of cash from bank for own use RM300

a) You are required to prepare cashbook to record the above transaction.

(25 marks)

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Try to spend only 30 minutes for this question.

QUESTION 2:

The following information is taken from the accounting book of NYZ Shop in October 2015.

Date Transaction
2015 Oct 1 Cash in hand RM5000
Cash at bank RM15000
Debtor – Adam RM7000
Creditor- Adlin RM4500
3 Credit purchase of RM3000 from Adlin
7 Cash sales of RM2000
8 Paid Adlin RM1500 by cheque
12 Sold goods worth RM4000 on credit to Adam
15 Withdrew RM1000 cash from bank for own use
22 Adam returned goods worth RM700
25 Paid employee salaries of RM2000 by cheque
29 Adam paid debt of RM7000 by cheque

a) Record the above transactions into the respective accounts.

(15 marks)

b) Prepare trial balance as at 30 October 2015 for NYZ Shop.

(10 marks)

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Try to spend only 30 minutes for this question.

QUESTION 3

The following Trial Balance for RIMA Enterprise at 31 December 2014

RIMA Enterprise
Trial Balance as at 31st December 2014
Debit Credit
(RM) (RM)
Cash at bank 1850
Cash in hand 2000
Capital 17000
Wages on purchases 3000
Freight outwards 200
Maintenance cost 100
Provision for depreciation: Machine 300
Purchases and Sales 50500 65000
Opening inventory 8000
Debtors and creditor 7000 5400
Commision allowed 250
Drawings 5000
Salaries 1300
Machines 8500
87700 87700
Additional information:

i. Stock as at 31st December 2014 was RM5000 at market price and RM5400 at cost price.
ii. Salaries accrued RM700
iii. Prepaid wages on purchases RM200
iv. A bad debt worth RM300 was created
v. Provision for depreciation for machineries was valued at 10% per annum using straight
line method.

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You are required to prepare:

a) Trading Account and Profit and Loss Account for the year ended 31 December 2014
(15 marks)

b) Statement of Financial Position as at 31 December 2014

(10 marks)

Try to spend only 30 minutes for this question.

INSTRUCTION: SECTION B: ANSWER ONE (1) QUESTION ONLY

QUESTION 1

a) Explain the accounting principles and concept below:

I. Accounting Period

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II. Going concern

III. Full disclosure
IV. Objectivity
V. Historical cost
(15 marks)
b) Determine the appropriate transactions and source document based on statement below:

Source document Usage

Invoices (i)
Receipt (ii)
Voucher (iii)
Memo (iv)
Order form (v)
(vi) Document is used when a sales price is overstated.
(viii) Document is used when sales price is understated.
(viii) Used in cash transaction only.
(ix) Evidence that payment has been made by cheque.
(x) Document accompanying a shipment of goods that lists the
description, grade and quantity of the goods delivered.

(10 marks)

Try to spend only 30 minutes for this question. QUESTION 2

The following information was extracted from the book of Tersohor Enterprise for the month of April
2016.

Date Transaction
Apr 2016 The assets and liabilities of Tersohor Enterprise as at 1 st April 2016 were as follow:
 Cash in hand RM4500
 Cash at bank RM25000
 Furniture RM35000

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 Debtors RM10000
 Creditors RM9500
4 Received invoices from Quber Supplier for the goods purchased amounted RM6500 at
the price list, less 10% trade discount.
5 The owner withdrawal goods of RM3500 for personal use.
8 Sent invoices of RM4200 to Putra for the goods purchased by him, les 5% trade
discount.
12 Received credit notes from Quber Supplier of RM300 for the returned of goods
purchased,
18 Sent credit note to Putra of RM120 for the goods returned to him.
25 Sold goods on credit to Ainur woth RM3400, less trade discount 10%.
27 Purchase goods from Company Helen worth RM4900 at price list, less 5% trade
discount.
29 Received debit notes from Company Helen as goods purchased on April 27 was
undercharged of RM980, less 5% trade discount,

You are required to record the above transaction in the appropriate journals.
(25 marks)

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