Professional Documents
Culture Documents
Jan 2011
Tutorial 1
1.
2. Accounting equation
Assets = Capital + Liabilities
AL=C
-
Liabilities
Capital
3.
4.Fatimah
Jan 2011
5. Johari
6.Kok Heng
Tutorial 2
Q.1
Debited
Credited
Debited
Credited
(a) Lorry
(c) Loan from
(e) Machinery
(g) Bank
(i) Cash
Cash
Cash
Amal
Siva
Bala
(b) Siti
(d) Cash
(f) Cash
(h) Bank
(j) Lam
Bank
Van
Ho
Capital
Cash
Mar 2
Mar 3
Mar 5
Mar 8
Mar 15
Mar 17
Mar 24
Mar 31
Q.3
Jan 2011
Particulars
Dr Cash
Dr Bank
Cr Capital
Dr
750
9,000
Dr Bank
Cr Dala (Loan creditor)
2,000
Dr Equipment (Computer)
Cr Cash
600
420
Dr Cash
Cr Bank
200
Dr Dala
Cr Bank
500
Dr Chin Enterprise
Cr Bank
420
Dr Dala
Cr Cash
250
Dr Equipment (Printer)
Cr Lim
200
Cr
9,750
2,000
600
420
200
500
420
250
200
Fendy
1
24
28
Capital
Wong
Biz rates
28
bank
28
bank
10
28
returns out
bank
11000
250
45
830
6100
195
415
Bank
5 Stationery
16 biz rates
19 rent
28 ben
28 mardi
28 betty
62
970
75
830
415
6100
Ben
2 Purchases
830
betty
20 motor vehi
6100
mardi
2 purchases
610
capital
1600
Cash
3 purchases
4 rent
7 wages
11 rent
18 insurance
21 motor exp
23 wages
370
75
160
75
280
24
170
Sales
6 tam
6 husin
6 wong
15 lee
15 sharee
15 rashid
370
290
410
205
280
426
lam
2 purchases
Jan 2011
13
husin
590
Returns outwards
10 mardi
tam
6
Sales
Returns Inwards
35
195
370
rent
sales
290
husin
13 returns in
4
11
19
cash
cash
cash
Sales
410
wong
24 bank
16
Bank
biz rates
970 28 bank
sharee
7
23
cash
cash
wages
160
170
rashid
Bank
stationery
62
18
cash
insurance
280
21
cash
motor exp
24
20
betty
35
250
75
75
75
45
lee
15
15
15
sales
Sales
sales
205
280
426
Capital
1 Bank
1 cash
2
2
2
3
ben
mardi
lam
cash
purchases
830
610
590
370
11000
1600
motor vehicle
6100
Tutorial 3
1. Joe Trading
Jan 2011
2. Kim
3. Gary
Jan 2011
4.
Jan 2011
Jan 2011
4.
Jan 2011
Tutorial 5
1.
RM
39,980
14,760
20,000
52,500
13,650
4,980
2,630
1,910
460
3,620
81,640
49,870
960
840
390
5,610
1,420
710
540
230
140
148,730
620
148,730
Jan 2011
2
.
10
Jan 2011
Tutorial 6
1.
Balance b/d
Beh
2,740
201
Cash Book
Bank charges
Gina
Balance c/d
2,941
32
93
2816
2,941
2816
131
2947
410
2537
2.Hogan
11
Jan 2011
3. Thomas Lee
4. King
12
(b)
Jan 2011
Cash Book
RM
1,470 Payments (15,520+47)
15,008 Bank charges
Balance c/f
16,478
RM
15,567
35
876
16,478
Uncredited lodgements
Bank error in debiting account
Balance as per bank statement
1,542
72
RM
876
614
1,490
1,614
(124)
13
Jan 2011
Tutorial 7
1.
2.
14
Jan 2011
3.
15
Jan 2011
4.
16
Jan 2011
Tutorial 8
1.
2.
17
Jan 2011
3.Didi
4.
(a)
Journal
Bank
Thong
(Being receipt of RM500 towards debt previously written off)
Thong
Bad debts recovered account
(Being reversal of debt previously written off)
Debit Credit
RM
RM
500
500
500
500
18
(c)
Jan 2011
RM
900
145
1,045
20,900
1,045
19,855
5.
19
Jan 2011
Tutorial 9
1. Hikmat Trading
20
Jan 2011
2. Bakti Enterprise
1-Jun
31-May
31-May
31-May
P+L (Rates)
P+L (Rent)
Prepaid rent c/d
1-Jun
RM
340
2,080
2,650
250
5,320
380
21
Jan 2011
Tutorial 10
1. Soon
Statement of Comprehensive Income for the year ended 31 Dec 2008
RM
Sales (1000+250+8+3-200)
Less: Cost of sales
Opening stock
Purchases (700+160-180)
200
680
880
230
28
38
23
7
100
8
3
50
RM
1,061
650
411
257
154
RM
300
250
230
85
12
577
13
160
173
404
704
600
154
754
50
704
22
Jan 2011
2.
23
Jan 2011
Tutorial 11
1.
2.
3.
24
Jan 2011
Tutorial 12
1. Regent Sdn Bhd
a)
i) Bank Charges
Cash
RM
56
56
400
100
400
100
90
v) Bad debts
Debtors control/ Shanie
88
RM
90
88
550
550
55
55
25
Jan 2011
Statement of Corrected Net Profit for the year ended 31 May 2008
RM
Net profit as per draft final account
305,660
Add: Purchases overcast
400
Sales undercast
100
Error in purchases journal
90
Wrongly accounted depreciation
55
645
Less: Bank charges
Bad debts
Repair and maintenance
56
88
550
694
305,611
2.
3. Gail Dawson
26
Jan 2011
Tutorial 13
1.
2.
27
Jan 2011
3.
4.
Balance b/d
Sales
Cash
Interest on overdue account
Balance c/d
Balance b/d
RM
59,129
1,846
983
3,243
593
303
10,307
76,404
10,307
28
Jan 2011
Tutorial 14
1. Balan
2. Othman
29
Jan 2011
3. Amal
Sales
27,400
258,560
285,960
25,900
260,060
144,940
4,420
49
149,409
3,370
52,500
1,720
1,560
5,310
38,500
900
8,625
112,485
36,924
Net profit
90,000
57,500
Current Assets
Stock
Trade debtors
Less: Provision of bad debts
Cash on hand
Prepayment
46,200
231
14,500
340
33,600
13,400
41,125
RM
NBV
76,600
16,375
92,975
25,900
45,969
151
500
72,520
48,440
24,080
117,055
30
Jan 2011
12,000
105,055
Capital
Balance at 1 June 2007
Add: Net profit
98,101
36,924
135,025
29,970
105,055
4. Tim
Sales
14,972
167,648
182,620
12,972
169,648
34,197
955
35,152
1,800
611
304
6,352
737
517
2,296
10,731
517
331
430
144
24,770
10,382
31
Jan 2011
RM
1,296
12,972
19,100
573
1,644
8,162
18,527
6,603
29
38,131
9,806
28,325
29,621
Capital
Balance at 1 June 2007
Add: Net profit
24,239
10,382
34,621
5,000
29,621
5.
Statement of Comprehensive Income for the year ended 31 Jan 2006
RM
RM
Sales (50,240-300)
Less: Return inwards
Less: Cost of sales
Opening stock
Purchases
less: Return outwards
13,630
42,400
348
RM
49,940
136
49,804
42,052
55,682
15,690
39,992
9,812
40
9,852
4,100
826
840
60
134
148
210
6,318
3,534
32
Jan 2011
1,640
840
Current Assets
Stock
Sundry debtors (4,610-300)
Less: Provision of bad debts
Prepayments (60+10)
Cash at bank and in hand
4,310
340
126
3,852
Capital
Balance at 1 June 2007
Add: Net profit
Less: Drawings
RM
148
210
RM
1,492
630
2,122
15,690
3,970
70
3,820
23,550
3,978
19,572
21,694
20,760
3,534
24,294
2,600
21,694
33