BATIK IDAMAN DANIEL ENTERPRISE

INTRODUCTION
Encik Daniel Kassim has recently opened an Enterprise that exclusively selling batik
cloths on 1st January 2011. The enterprise is named Batik Idaman Daniel Enterprise.
The business is located at Lot 22, Jalan Bandar U 2, Bandar Universiti, 32610 Seri
Iskandar, Perak Darul Ridzuan. Since Encik Daniel hires two assistants, the business is
opened daily from 8.30 a.m to 9.30 p.m. everyday except on major Public Holidays.
The businesss financial year end is 31st December every year. When Encik Daniel
starts his business, he contributed cash of RM15,000, two-year-old delivery van worth
RM75,000 and office equipment with original cost of RM20,000.
Transaction for Moth of January

After opening his business on 1st January 2011, Encik Daniel Kassim has the following
transaction to be recorded :
Date

Transactions

Jan 1

Encik Daniel starts business by bringing in Rm15,000 cash, a

delivery van costs RM75,000 and office equipment worth
RM20,000.

Jan 2

Encik Daniel purchases a shoplot for RM150,000. He borrows

from People Bank Berhad to the shoplot and the interest charged
per year is 10% .

Jan 3

Encik Daniel opens a current acoount under the name of Batik

Idaman Daniel Enterprise and deposits RM10,000 into the
account.

Jan 7

He purchases RM5500 worth of batik from Batik Afrina Sdn. Bhd

on credit.

Jan 8

RM700 is paid for advertising purposes on cash.

Jan 9

He made a cash sales of RM250 to Puan Kamariah.

Jan 10

After discovering a batch of batik is ruined, Encik Daniel returns

RM700 worth of batik to Batik Afrina Sdn. Bhd.

Jan 10

Encik Daniel purchases batik of RM1000 on cash basis from

Batik Afrina Sdn. Bhd.

Jan 11

Seri Iskandar Boutique purchases RM2500 worth of batik on

credit from Batik Idaman Daniel Enterprise.

BATIK IDAMAN DANIEL ENTERPRISE

Jan 13

Seri Iskandar Boutique return RM600 worth of wrongly delivery

batik to Batik Idaman Daniel Enterprise.

Jan 15

Encik Daniel purchases batik of RM4500 credit from Terengganu

Batik Sdn.Bhd before receiving trade discount of 4 %.

Jan 17

Batik Idaman Daniel Enterprise made a cash sales of RM300 to

Puan Tuminah and credit sales of RM1450 to Encik Zamarul.

Jan 18

Batik Idaman Daniel Enterprise pays RM4500 to Batik Afrina

Sdn. Bhd. in full settlement of the debts using cheque.

Jan 19

Encik Zamarul return batik worth of RM100 due to wrong quality

of fabric.

Jan 21

Seri Iskandar Boutique purchases RM1200 worth of batik on

credit from Batik Idaman Daniel Enterprise.

Jan 22

Encik Daniel withdraws RM200 worth of cash and RM250 worth

of batik for his wifes birthday.

Jan 23

Encik Daniel installs cabinet in his shop. The cabinet, bought

from Kedai Perabot Imran, costs him RM1200 and he buys on
credit.

Jan 24

He settles off his utilities bills of RM350 and telephones bills of

RM100 using cash.

Jan 25

RM1000 wage is being paid each to his assistants using cash.

Jan 28

Encik Daniel has rented out the upper level of his shoplot and he
received cheque of RM700 from his tenant.

Jan 30

Batik Idaman Daniel Enterprise paid RM1250 of interest

expenses on the People Bank loan using cheque.

BATIK IDAMAN DANIEL ENTERPRISE

JOURNAL ENTRIES
SALES JOURNAL
DATE

PARTICULAR

2011 Jan 11
17
21
31

Seri Iskandar Boutique

Encik Zamarul
Seri Iskandar Boutique
SALES ACCOUNT

AMOUNT
(RM)
2,500
1,450
1,200
5,150

PURCHASE JOURNAL
DATE

PARTICULAR

2011 Jan 7
15
31

Batik Afrina Sdn.Bhd

Terengganu Batik Sdn.Bhd
PURCHASE ACCOUNT

AMOUN
T (RM)
5,500
4,500
10,000

RETURN OUTWARD JOURNAL

DATE

PARTICULAR

2011 Jan 10
31

Batik Afrina Sdn.Bhd

RETURN OUTWARD ACCOUNT

AMOUN
T (RM)
700
700

RETURN INWARD JOURNAL

DATE

PARTICULAR

2011 Jan 13
19
31

Seri Iskandar Boutique

Encik Zamarul
RETURN INWARD ACCOUNT

AMOUN
T (RM)
600
100
700

BATIK IDAMAN DANIEL ENTERPRISE

CASH

DATE

PARICULARS

2011 JAN 8
10
18
22
24
25
30
31

Advertising
Purchases
Butik Afrina Sdn Bhd
Drawing
Rates
Wages
People Bank Loan
BAL C/D

2011 FEB 1

DISCOUNT
ALLOWED

BAL B/D
PAYMENT

CASH RECEIVE

CASH
(RM)
700
1,000

BANK
(RM)

4,500
450
450
1,000
1,250
21,950
25,550
5,050

BATIK IDAMAN DANIEL ENTERPRISE

DATE

PARTICULARS

2011 JAN 1
3
9
17
28
31

Balance
Capital
Sales
Sales
Rent
BAL C/D

15,000
10,000
250
300

2011 FEB 1

BAL B/D
GENERAL JOURNAL

21950

DATE

PARTICULAR

2011 JAN 1

Cash
Van
Office Equipment
Capital

DISOUNT
RECEIV
E

Shoplot
People Bank Berhad

DEBIT
(RM)
15,000
75,000
20,000

Furniture
Kedai Perabot Imran

CREDIT
(RM)

110,000
110,000

150,000
150,000

23

BANK
(RM)

700
5,050
5,750

110,000
2

CASH
(RM)

150,000
150,000

1,200
1,200

1,200
1,200

BATIK IDAMAN DANIEL ENTERPRISE

LEDGER ACCOUNT
CAPITAL A/C
DATE

PARTICULAR

2011 JAN
31

BAL C/D

AMOUNT(RM
)
120,000

DATE

PARTICULAR

2011 JAN
1
3

Bal b/d

110,000

Cash

FEB 1

Bal b/d

10,000
120,000
120,000

120,000

AMOUNT(RM
)

SALES A/C
DATE
2011 JAN
31

PARICULAR
BAL C/D

AMOUNT(RM
)
5,700

DATE

PARTICULAR

2011 JAN
9
17
31

Cash
Cash
Debtor

FEB 1

Bal b/d

5,700

AMOUNT(RM
)
250
300
5,150
5,700
5,700

PEOPLE BANK BERHAD A/C

DATE

PARTICULAR

2011 JAN

Bank

AMOUNT(RM
)
1,250

DATE

PARTICULAR

2011 JAN

Shoplot

AMOUNT(RM
)
150,000

BATIK IDAMAN DANIEL ENTERPRISE

30
31

2
BAL C/D

148,750
150,000
FEB 1

Bal b/d

150,000
148,750

VAN A/C
DATE

PARTICULAR

2011 JAN
1

Capital

AMOUNT(RM
)
75,000

FEB 1

Bal b/d

75,000
75,000

DATE

PARTICULAR

2011 JAN
31

BAL C/D

AMOUNT(RM
)
75,000
75,000

KEDAI PERABOT IMRAN A/C

DATE

PARTICULAR

2011 JAN
31

BAL C/D

AMOUNT(RM
)
3,500

DATE
2011JAN
23

PARTICULAR
Furniture

3,500
FEB 1

Bal b/d

AMOUNT(RM
)
1,200
3,500
3,500

FURNITURE A/C
DATE

PARTICULAR

2011 JAN
23

Kedai Perabot
Imran

FEB 1

Bal b/d

AMOUNT(RM
)
1,200

DATE

PARTICULAR

2011 JAN
31

BAL C/D

1,200
1,200

AMOUNT(RM
)
1,200
1,200

SHOPLOT A/C
DATE

PARTICULAR

2011 JAN
2

People Bank
Berhad

AMOUNT(RM
)
150,000

DATE

PARTICULAR

2011 JAN
31

BAL C/D

AMOUNT(RM
)
150,000

BATIK IDAMAN DANIEL ENTERPRISE

FEB 1

150,000
150,000

Bal b/d

150,000

OFFICE EQUIPMENT A/C

DATE

PARTICULAR

2011 JAN
1

Capital

AMOUNT(RM
)
20,000

Bal b/d

20,000
20,000

FEB 1

DATE

PARTICULAR

2011 JAN
31

BAL C/D

AMOUNT(RM
)
20,000
20,000

PURCHASES A/C
DATE

PARTICULAR

2011 JAN
10
31

Cash

FEB 1

Creditor

AMOUNT(RM
)
1,000

DATE

PARTICULAR

2011 JAN
31

BAL C/D

10,000
11,000
11,000

Bal b/d

AMOUNT(RM
)
11,000

11,000

BATIK AFRINA SDN BHD A/C

DATE

PARTICULAR

2011 JAN
10
18
31

Return outwards
Bank
BAL C/D

AMOUNT(RM
)
700

DATE

PARTICULAR

2011 JAN
7

Purchases

4,500
300
5,500
FEB 1

Bal b/d

AMOUNT(RM
)
5,500

5,500
300

TERENGGANU BATIK SDN BHD A/C

DATE

PARTICULAR

2011 JAN
31

BAL C/D

AMOUNT(RM
)
4,500

DATE

PARTICULAR

2011 JAN
15

Purchases

4,500
FEB 1

Bal b/d

AMOUNT(RM
)
4,500
4,500
4,500

BATIK IDAMAN DANIEL ENTERPRISE

SERI ISKANDAR BOUTIQUE A/C

DATE
2011 JAN
11
21
FEB 1

PARTICULAR
Sales
Sales
Bal b/d

AMOUNT(RM
)
2,500
1,200
3,700
3,100

DATE

PARTICULAR

2011 JAN
13
31

Return Inwards
BAL C/D

AMOUNT(RM
)
600
3,100
3,700

ENCIK ZAMARUL A/C

DATE

PARTICULAR

2011 JAN
17

Sales

FEB 1

Bal b/d

AMOUNT(RM
)
1,450

DATE

PARTICULAR

2011 JAN
19
31

Return Inwards
BAL C/D

1,450
1,350

AMOUNT(RM
)
100
1,350
1,450

RENT A/C
DATE

PARTICULAR

2011 JAN
31

BAL C/D

AMOUNT(RM
)
700

DATE

PARTICULAR

2011 JAN
28

Bank

700
FEB 1

Bal b/d

AMOUNT(RM
)
700
700
700

ADVERTISING A/C
DATE

PARTICULAR

2011 JAN
8

Cash

FEB 1

Bal b/d

AMOUNT(RM
)
700

DATE

PARTICULAR

2011 JAN
31

BAL C/D

700
700

AMOUNT(RM
)
700
700

RETURN OUTWARD A/C

DATE

PARTICULAR

AMOUNT(RM

DATE

PARTICULAR

AMOUNT(RM

BATIK IDAMAN DANIEL ENTERPRISE

)
2011 JAN
31

BAL C/D

)
700

2011 JAN
31

Creditor

700

FEB 1

Bal b/d

700
700

700

RETURN INWARD A/C

DATE

PARTICULAR

2011 JAN
31

Debtor

AMOUNT(RM
)
700

FEB 1

Bal b/d

700
700

DATE

PARTICULAR

2011 JAN
31

BAL C/D

AMOUNT(RM
)
700
700

RATES A/C
DATE

PARTICULAR

2011 JAN
24

Cash

FEB 1

AMOUNT(RM
)
450

DATE

PARTICULAR

2011 JAN
31

BAL C/D

AMOUNT(RM
)
450

450
450

Bal b/d

450

WAGES A/C
DATE

PARTICULAR

2011 JAN
25

Cash

FEB 1

AMOUNT(RM
)
1,000

DATE

PARTICULAR

2011 JAN
31

BAL C/D

AMOUNT(RM
)
1,000

1,000
1,000

Bal b/d

1,000

DRAWINGS A/C
DATE

PARTICULAR

2011 JAN
22

Cash

FEB 1

AMOUNT(RM
)
450

DATE
2011 JAN
31

PARTICULAR
BAL C/D

AMOUNT(RM
)
450

450
450

Bal b/d

450

TRIAL BALANCE AT 31ST JANUARY 2011

PARTICULAR
BANK
CASH
VAN

DEBIT (RM)
21,950
75,000

CREDIT (RM)
5,050

BATIK IDAMAN DANIEL ENTERPRISE

CAPITAL
PEOPLE BANK BERHAD
KEDAI PERABOT IMRAN
BUTIK AFRINA SDN BHD
OFFICE EQUIPMENT
SHOPLOT
PURCHASES
FURNITURE
TERENGGANU BATIK SDN BHD
SALES
SERI ISKANDAR
ENCIK ZAMARUL
RETURN OUTWARD
RETURN INWARD
RENT
ADVERTISING
DRAWING
RATES
WAGES

120,000
148,750
1,200
300
20,000
150,000
11,000
1,200
4,500
5,700
3,100
1,350
700
700
700
700
450
450
1,000
286,900

286,900