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UNIVERSITI TEKNOLOGI MARA (MELAKA)

Kampus Jasin

FACULTY OF COMPUTER &


MATHEMATICAL SCIENCES

FINANCIAL ACCOUNTING (ACC106)


ACC106

TEAM MEMBERS : anis


1) NOORSHAMEERA BINTI
nu&yahmim bi# ahmad NOORHELMI
no"i'sha bi# abd r(k
2) ANIS NURSYAHMIM BINTI AHMAD
NoorSham!" bi# noo$%mi ahmad adam bin adam
3) NORAINTASHA BINTI ABD RAZAK
muhamad ami)l n*mi
4) MUHAMMAD bin yasin
NIZAM BIN YUSUF
5) MUHAMMAD AMIRUL NAZMI BIN YASIN
GROUP : M3CS110/1A
PROJECT TITLE : Books OF Prime Entry
LECTURERS NAME : Mr. Muhammad Syazwan bin Abdul Karim
ACKNOWLEDGEMENT

Alhamdulillah and gratitude to Almighty for giving us the strength and patience
to complete this project within the time frame given. First and foremost, we
would like to thank our advisor @ lecturer MR. MUHAMMAD SYAZWAN BIN
ABDUL KARIM in anticipation, who has provided and guide us thoroughly with
this project as one of the key curricular of Financial Accounting [ACC106].

The completion of this undertaking could not have been possible without all
the participation of our team members consisting of :
NoorShameera binti NoorHelmi [2015154829]
Anis Nursyahmin binti Ahmad [2015338071]
Norainatasha binti Abd Razak [2015321305]
Muhammad Nizam
Ahmad Adam bin Yusuf [2015506461]
bin Adnan
Muhammad Amirul Nazmi bin Mohamad Yasin [2015551993]

and others that are involved rather direct or indirectly, whose name may not all
be enumerated. Their contributions are sincerely appreciated and gratefully
acknowledged. To friends who had helped by giving some guide, we really
appreciate your help. This group would like to again express our deep
appreciation and indebtedness particularly to our lecturer for his relentless yet
persistent effort in guiding us in completing this crucial project titled Books
of Prime Entry.

In addition, we would like to take this opportunity address our utmost


compliances and regards for all the party that had played vital roles in
completing this project. Without the cooperation and tolerance between the
team members, we wouldnt have complete this project thrivingly. Thanks a
million.

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CONTENTS

Title Pages
Acknowledgement 1

Table Of Contents 2

Introductions 3-6
Transaction For A Month :

1) Sales Journal 7
2) Purchase Journal 7
3) Return Inwards Journal 8
4) Return Outwards Journal 8
5) Cash Receipt Journal 9
6) Cash Payment Journal 9
7) General Journal 9

Journal 10

Ledger & Closing Account 13-16

Trial Balance 17

Conclusion 18

Reference 19

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INTRODUCTIONS

This project was started on 18th of February 2016. We are assigned to the
project titled Books On Prime Entry. Our team has decided to choose
Cuisine Trend Enterprise as both remarkable name and the brand of
product of our Company. members. As it is the trend in today's society
to be followed, we think it is a great idea to come up with a catchy name
that is easy for the customer to remember.

Cuisine Trend Enterprise is a local company in Malaysia that sells a wide


variety of kitchen products. Our company sells kitchen households
ranging from cooking utensils, plates and bowls, pots and pans to mini-
microwave. Our company assure high quality products which are only
imported from Italy.

As for logistic/location of this business, we have our shop based in Pasir


Gudang, Johor. The location of our shop was selected based on two vital
factor, being demographic of the location and market reachability.
Demographic is one of the contributing factor to our business simply
because Pasir Gudang is a densely populated area. Since this is
customer-based business, location plays exorbitantly major role in
providing customer an easy access to our shop. For the location is simply
strategic and vantage for our model of business, dense amount of traffic
encourages the continuous flow of customer to our shop hence explains
thoroughly the paramount factor of market reachability.

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Cuisine Trend Enterprise as a kitchenware company specializing in high-
quality kitchenware for customers and commercial market. We have
extensive experience in kitchenware industry. Over some years, being
involved in kitchenware products, we have seen a vital need for
kitchenware with a broad selection of design choices, quality and material
build along with top of the line organization and quality. Cuisine Trend
Enterprise meet those customers needs.

The primary source of capital for our business comes from savings and
other forms of personal resources among the members. Via personal
saving and other resources, each of the 5 founder Amirul Nazmi, Ahmad
Nizam
Yusuf,
Adam, Anis, Noorshameera and Noraintasha have contribute an equal
amount of capital in starting the business which is RM2400.00 each,
summing up to RM12000.00 in total as start up cash for the company.

For the year 2016, as of 31st January, we have a total of RM 21,150.00 for
debit and distinct of RM22,725.00 for credit for trial balance. The
transactions for our business are created in the month of January.
Beginning from 1st January up until 31st January.

For additional information, we are also available online via our official
Facebook page, providing customer an alternative method to access our
row of exclusive product virtually at their convenience and ease.
Visit : www.facebook.com/CuisineTrend.

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Company Background

CUISINE TREND ENTERPRISE


Business Location : No
1121918d,
Taman Jalan Stadium,
Stonor,
Taman Stadium
Persiaran Golf, ,
87300 Pasir Gudang,
Johor, Malaysia.

Operation Hours : 8.00am-10.00a.m.


Operation Days : Everyday except on Sunday.
Telephone Number : 1800-88-2627.

Activity of the business : Achieved the goals of earning profit in business.


Business is done efficiently and provide satisfying
services to meet customer demands.
Capital Contribution: RM 12,000.00
Financial year end : 1 Dec 2016.

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TRANSACTIONS

BOOK OF
SUPPPORTING
NO DATE TRANSACTION PRIME
ENTRY DOCUMENT
Owner of Cuisine Trend Enterprise
1 JAN 1 General Journal Official Receipt
start business with RM 12,000 cash.
Bought goods worth RM 3000 by Purchases
2 JAN 2 Invoice
credit from K.E Enterprise. Journal
Bought goods worth RM 600 by credit Purchases
3 JAN 4 Invoice
from Amat Kicthen Bhd. Journal
Sold goods worth RM 2000 on credit
4 JAN 5 Sales Journal Invoice
to LenChai Kitchen.
Bought goods worth RM 2000 from Purchases
5 JAN 7 Credit Note
JOHO. Journal
Return goods worth RM 500 from Return Outward
6 JAN 8 Invoice
JOHO. Journal
Sold goods worth RM 4000 on credit
7 JAN 10 Sales Journal Invoice
to Sam.
Sold goods worth RM 3000 on credit
8 JAN 11 Sales Journal Invoice
to Azman.
LenChai Kitchen returned goods Return Inward
9 JAN 13 Official Receipt
worth RM 100. Journal
Receive RM 3000 from Sam. Cash Receipt
10 JAN 14 Official Receipt
Journal
Return Inward
11 JAN 16 Sam returned goods worth RM 125. Credit Note
Journal
Return Outward
12 JAN 18 Return goods worth RM 75 to JOHO. Credit Note
Journal
Shameera took RM 200 cash at General Journal
13 JAN 19 Memo
companys bank for her own use.
Azman returned goods amounted Return Inward
14 JAN 21 Credit Note
RM 400. Journal

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Nizam took RM 300 cash at companys
15 JAN 23 General Journal Memo
bank for his own use.
Return damaged goods amounted RM Return Outward
16 JAN 24 Official Receipt
100 to Amat Kitchen Bhd. Journal
Receive RM 1000 from LenChai Cash Receipt
17 JAN 25 Official Receipt
Kitchen. Journal
Cash Receipt
18 JAN 26 Receive RM 2000 from Azman. Journal
Official Receipt

Paid K.E Enterprise amounting RM Cash Payment


19 JAN 27 Payment Vouchers
2500 by Cash. Journal
Paid Amat Kicthen Bhd amounting RM Cash Payment
20 JAN 28 Payment Vouchers
500 by cash. Journal
Cash Payment
21 JAN 29 Paid JOHO amounting RM 200. Payment Vouchers
Journal

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SOURCE DOCUMENTS




CUISINE TREND ENTERPRISE
Pasir Gudang, Johor
Phone:1800-88-2427
Email: cuisinetrend@gmail.com
Website: www.fb.com/cuisinetrend




Official Receipt
Cash Receipt #: 771229191 Date: 01/01/2016


Cash Received From Owner of Cuisine Trend______________________ of RM 12,000.00
For Business Capital


Total Amount Due 12,000.00

Amount Received 12,000.00
Payment Received in: Balance Due 0.00

Cash
Cheque
_________________________
Other
Cash Receipt Template Signed By





















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SOURCE DOCUMENTS

MEMO
CUISINE TREND ENTERPRISE

To: Cuisine Trend Enterprise


From: Shameera
CC: Cuisine Trend Enterprise
Date: 1/1/2016

Re: Take money from company for personal use.

Comments: Money taken from company for personal usage.

























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Cuisine Trend Enterprise No 1918d, Jalan Stadium,

INVOICE / 02-01-2016
SOURCE DOCUMENTS Taman Stadium,

K.E Enterprise 87300 Pasir Gudang,


BALANCE DUE
17A, Taman Nusajaya Johor.
Upon Receipt
83400 Johor Baharu, Johor RM3000.00

Notes

Item Description Quantity Price Per Total

Kitchen Bown (Oregon) 1000 3 3000.00

Subtotal RM3000

TOTAL RM3000.00

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JOURNAL

Double Amount
Date Effects Account
Entry (RM)
1/1 Asset Increase Debit Cash 12,000
Owner Equity Incease Credit Capital 12,000

2/1 Expenses Increase Debit Purchase 3000


Liabilities Increase Credit Creditor-K.E Enterprise 3000
4/1 Expenses Increase Debit Purchase 600
Liabilities Increase Credit Creditor-Amat Kitchen 600
5/1 Asset Increase Debit Debtor LenChai Kitchen 2000
Revenue Increase Credit Sales 2000
7/1 Expenses Increase Debit Purchase 2000
Asset Decrease Credit Cash 2000
8/1 Asset Increase Debit Cash 500
Expenses Decrease Credit Return Outward 500
10/1 Asset Increase Debit Debtor- Sam 4000
Revenue Increase Credit Sales 4000
11/1 Asset Increase Debit Debtor- Azman 3000
Revenue Increase Credit Sales 3000
13/1 Revenue Decrease Debit Return Inward 100
Asset Decrease Credit Cash 100
14/1 Asset Increase Debit Cash 3000
Asset Decrease Credit Debtor-Sam 3000
16/1 Revenue Decrease Debit Return Inward 125
Asset Decrease Credit Cash 125
18/1 Asset Increase Debit Cash 75
Expenses Decrease Credit Return Outward 75
19/1 Owner Equity Decrease Debit Drawing 200
Asset Decrease Credit Bank 200
21/1 Revenue Decrease Debit Return Inward 400
Asset Decrease Credit Cash 400

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23/1 Owner Equity Decrease Debit Drawing 300
Asset Decrease Credit Bank 300
24/1 Asset Increasae Debit Cash 100
Expenses Decrease Credit Return Outward 100
25/1 Asset Increase Debit Cash 1000
Asset Decrease Credit Debtor-LenChaiKitchen 1000
26/1 Asset Increase Debit Cash 2000
Asset Decrease Credit Debtor- Azman 2000
27/1 Liability Decrease Debit Creditor K.E Enterprise 2500
Asset Decrease Credit Cash 2500
28/1 Liability Decrease Debit CreditorAmatKitchenBhd 500
Asset Decrease Credit Cash 500
29/1 Liability Decrease Debit Creditor JOHO 200
Asset Decrease Credit Cash 200

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LEDGER

Cash
1-Jan Capital 12,000 7-Jan Purchases 2,000
8-Jan Return outward 500 13-Jan Return Inwards 100
14-Jan Debtors - Sam 3,000 16-Jan Return Inwards 125
18-Jan Return outward 75 21-Jan Return Inwards 400
24-Jan Return outward 100 26-Jan Cash 2,000

25-Jan Debtors - LenChai Kitchen 1,000 27-Jan Creditors - K.E Enterprise 2,500
26-Jan Debtors - Azman 2,000 28-Jan Creditors - Amat Kitchen 500
29-Jan Creditors - JOHO 200
10,85
31-Jan balance c/d 0
18,67
18,675 5
1-Feb Balance b/d 10,850

Capital
12,00
3-Jan Balance c/d 12,000 1-Jan Cash 0
12,00
12,000 0
12,00
2-Jan Balance b/d 0

Purchases
2-Jan Creditors - K.E Enterprise 3,000 31-Jan Transfer to P&L 5,600
4-Jan Creditors - Amat Kitchen 600
7-Jan Cash 2,000
5,600 5,600

Creditors - K.E Enterprise


27-Jan cash 2,500 2-Jan Purchases 3,000
31-Jan balance c/d 500
3,000 1-Feb balance b/d 3,000
500

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Creditors - Amat Kitchen
28-Jan cash 500 4-Jan Purchases 600
31-Jan balance c/d 100
600 600
1-Feb balance b/d 100

Debtors - LenChai Kitchen


5-Jan sales 2,000 25-Jan cash 1,000
31-Jan balance c/d 1,000
2,000 2,000
1-Feb balance b/d 1,000

Sales
31-Jan Transfer to P&L 9,000 5-Jan Debtor - LenChai Kitchen 2,000
10-Jan Debtor - Sam 4,000
11-Jan Debtor - Azman 3,000
9,000 9,000

Return Outwards
31-Jan Sales 4,000 14-Jan cash 3,000
31-Jan balance c/d 1,000
4,000 4,000
1-Feb balance b/d 1,000

Debtor - Sam
10-Jan Sales 4,000 14-Jan cash 3,000
31-Jan balance c/d 1,000
4,000 4,000

1-Feb balance b/d 1,000

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Debtor - Azman
11-Jan Sales 3,000 26-Jan Cash 2,000
31-Jan Balance c/d 1,000
3,000 3,000
1-Feb Balance b/d 1,000

Drawing
19-Jan Bank 200 31-Jan Balance c/d 500
Bank 300
500 500
1-Feb Balance b/d 500


Bank
31-Jan Balance c/d 500 19-Jan Drawing 200
Drawing 300
500 500
1-Feb Balance b/d 500

Creditors - JOHO
29-Jan Cash 200 31-Jan Balance c/d 200
200 200
1-Feb Balance b/d 200

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Return Inward
13-Jan Cash 100 31-Jan Transfer to P&L 625
16-Jan Cash 125
21-Jan Cash 400
625 625

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TRIAL BALANCE

Cuisine Trend Enterprise


Trial Balance as at 31 January 2016

Particulars Debit Credit

Cash 10,850
Capital 12,000
Purchases 5,600
Creditors - K.E Enterprise 500
Creditors - Amat Kitchen 100
Debtors - LenChai Kitchen 1,000
Sales 9,000
Return Outward 1000
Return Inward 625
Debtor - Sam 1,000
Debtor - Azman 1,000
Drawing 500
Bank 500

Creditors - JOHO 200


Total 21,150 22725

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CONCLUSION

By finishing this project there are several vital values that we were able to
implement and add in our daily lives. First and foremost, we learnt on
how important group cooperation is in achieving our goal. It will be
extremely tough to have this program completed without proper
commitment from the members.

Apart, we realize the important of proper bookkeeping for the reference


in the future. efficient ways on how electronic bookstores operates
independently yet efficiently via the implementation of system. Its
extremely vital to implement the usage of electronic system these days
mainly in bookstores to assist yet ease the process of bookkeeping and
tracing.

During conducting the project, we had utilized the internet as a platform


in seeking for information and guide in completing this project. Also, as
the primer motive of this project is to train students to independently but
also to instill cooperation spirit among members, during the process we
have worked closely with other groups on knowledge-sharing basis to
seek out help and knowledge on several matters. No Plagiarism has taken
place during the process though.

To be highlighted, there was slight error made during balancing the


account though. Higher chance of error occurs during the balancing
process were due to unexpected missed sighted of several transaction
leading to this error.

Hitherto, we would like to address our skyrocketing thanks and


anticipation to all party who have contributed in completing this project
direct and indirectly whose name might not all be enumerated. Thanks a
million.

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REFERENCE

i) Lecturer : Sir Syazwan bin Abdul Karim, UITM Jasin.

ii) Internet : http://www.scribd.com/doc/237500962/Acc106


http://www.myaccountingcourse.com/accounting-cycle
http://www.basicaccountinghelp.com/accounting_ledger
http://www.accountingcoach.com/chart-of-accounts

iii) Lecturers Note :


http://simsweb.uitm.edu.my/SPORTAL_APP/SPORTAL_LOGIN/index

iv) Book : Introduction To Financial Accounting, Hazmi Yahya, 2001,


TelagaBiru.

v) Friends Referrence : Azim bin Mohammad, Shafiee bin Suraini

disclaimer: The links provided in this project is working and subjected and recommended to be visited.

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