INTRODUCTION TO FINANCIAL ACCOUNTING ACC 106

BOOK OF PRIME ENTRY, LEDGER AND TRIAL BALANCE

Prepared for : Miss Azizah @ Elys Bte Tohid

Prepared By : (Section 12.1.23) 1. Siti Aisyah Bt Ab Raof ( ITM 120712735) 2. Atiqah Bt Marzuki ( ITM 120712821) 3. EfDania Hadef Bt Mohd Effendi ( ITM 120712761)

ASSESSMENT FORM GROUP ASSIGNMENT

NAME OF THE BUSINESS : DEkslusif. MEMBERS : 1) SITI AISYAH BT AB RAOF 2) ATIQAH BT MARZUKI 3) EFDANIA HADEF BT MOHD EFFENDI SECTION : 12.1.23

Full marks for each section = 100 1. INTRODUCTION 2. TRANSACTION 3. LEDGERS 4. CLOSING OF ACCOUNT 5. TRIAL BALANCE Total =

Marks

/500 x 10%

1.2 Transaction For The Month of June 2010

Date June 1 June 2 June 3 June 5 June 6 June 10 June 11 June 12 June 14 June 15 June 17 June 19 June 21 June 23 June 24 June 24 June 25 June 27 June 28 June 29 June 30

Transaction Started business with RM15,000 cash. Bought goods worth RM2,000 on credit from Lims Textile Sdn. Bhd. Paid rent RM240 cash. Paid RM10,000 of the business cash into the bank account. Sold goods by cash to Puan Mia RM800. Bought textile by cash RM300 from Miss Sofia. Return goods worth RM200 to Lims Textile Sdn. Bhd. Cash sales of RM150. Sold goods on credit to Puan Qistina RM1000. Goods worth RM50 return by Puan Mia. Paid RM900 to Lims Textile by cheque. Purchased textile of RM300 cash. Received a cheque from Puan Qistina for all amount due by her less 5% of cash discount. Bought goods on credit from Aidas Textile Sdn. Bhd. RM1000. Purchased textile for RM500 by cheque. Sent debit notes to Miss Sofia for RM150 for goods return. Sold RM550 worth of textile to Puan Kamalia by cheque. Deposited RM 3,500 of cash into the bank account. Took RM2000 cash worth of goods for personal use. Paid amount owed to Aidas Textile by cheque after deducting cash discount of 2% Received dividend RM 8,000 cash.

Dekslusif
( JOURNAL)

General Journal
Date 1June Particular Cash Capital ( started business with cash) Bank Cash ( transfer business cash into the bank account) Bank Cash (deposited cash into the bank account) Drawing Purchases (took cash worth of goods for personal use) Debit (RM) 15,000 Credit (RM) 15,000 10000 10000

5June

27June

3500 3500 2000 2000

28June

Purchases Journal
Date 2June 23June 30June Particular Account Payable Lims Textile Account Payable Aidas Textile Sdn.Bhd Transfer to purchases account Invoice No. Amount (RM) 2000 1000 3000

Cash Payment Journal

Cheque Particular No. 3June Rent 10June Account Payable Miss Sofia 17June Account Payable Lims Textile Textile Textile Account Payable Aidas Textile Sdn.Bhd. Transfer to cash payment account Date Bank Cash 240 300 Discount Received Account Payable 300 Purchases Other Amount 240 -

900

900

19June 24June 29June

500 980

300 -

20

1000

300 500 -

30June

2380

840

20

1300

1040

Sales Journal
Date 6June 14June 30June Particular Account Receivable Puan Mia Account Receivable Puan Qistina Transfer to Sales account Invoice No. Amount (RM) 800 1000 1800

Cash Receipt Journal

Date 12June 21June Cheque No. Particular Sales Account Receivable Puan Qistina Sales Total Bank 950 Cash 150 Discount Allowed 50 Account Receivable 1000 Sales 150 Other Amount -

25June 30June

550 1500

150

50

1000

550 700

Return Outward Journal

Date 11June 24June 30June Particular Account Payable Lims Textile Account Payable Miss Sofia Transfer to Return Outward Account Debit Note No. Amount (RM) 1800 150 1950

Return Inward Journal

Date 15June 30June Particular Account Receivable Puan Mia Transfer to Return Inward Account Credit Note No. Amount (RM) 50 50