NurulAsyikin/UTM0108/MrAcctgProject

MR ACCOUNTING SOFTWARE
EXAMPLE OF CASE STUDY (YOURNAME TRADING)

1. COMPANY INFORMATION
• Company Name - your name Trading
Example : Aminah Trading
• Nature of business - Furniture Trader
• Address - 56, Jalan Cenderawasih, Desa Cemerlang,
26700, Muadzam Shah, Pahang Darul Makmur
• Phone/Fax No. - 04-4552049/2050
• Accounting Period - January to December (1 year) current year 2008

**G/L account maintenance

Change - 11310 Bank 1 to Bank Islam
- 51100 Sales 1 to Sales
- 61100 Purchase 1 to Purchase

Create New - 70601 for Depreciation Expense –Machinery

- 70602 for Depreciation Expense – Office Equipment
- 70603 for Depreciation Expense – Motor Vehicle

CUSTOMER INFORMATION

• Lanjut Beach Resort (Arif)

Jln Yahya Awal
26600 Rompin, Pahang Tel : 09-2526721 Fax : 09-2526722
• Restoran Melor (Ali)
Jln Sultan Azlan Shah
26700 Muadzam Shah, Pahang Tel : 09-4556721 Fax : 09-4556722
• Rompin Beach Resort (Zul)
Jln Wong Ah Fook
26600 Rompin, Pahang Tel : 09-2517601 Fax : 09-2517602

 Please preview your customer list

SUPPLIER INFORMATION

• Art Furniture Industries (Suzi)

244 Batu 9, Mukim Sungai Raya
Jalan Panchor
84300 Bukit Pasir
Muar, Johor Tel : 06-9857326 Fax : 06-9857325
• Dreamland Corporation (M) Sdn Bhd (Zack)
56. Kompleks Selayang,
Taman Perindustrian Selayang
Batu 8.5, Jalan Ipoh Batu Caves
68100 Selangor, Malaysia Tel : 03-61380499 Fax : 03-61380676
 Please preview your supplier list
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2. OPENING BALANCE (AMOUNT AS AT 31/12/2007

• Debtors (AR)
o Rompin Beach Resort RM 2,500
• Creditors (AP)
o Dreamland Corporation (M) Sdn Bhd RM 15,000

• General Ledger Debit Credit

o 11310 Bank Islam RM 300,000
o 11100 Cash RM 14,000
o 25500 Machinery RM 110,000
o 25100 Office Equipment RM 20,000
o 25600 Motor Vehicle RM 65,000
o 41100 Share Capital RM 509,000

 Preview your audit trials

3. SALES AND RETURN INWARDS TRANSACTIONS.

Post Credit Sales

Jan 05 Sales to Restoran Melor on credit RM 7,700 INV001
Jan 15 Sales to Rompin Beach Resort on credit RM 8,000 INV002
Jan 25 A Credit Note for Restoran Melor RM 2,000 CN 001

Post Cash Sales

Jan 08 Cash Sales amounting RM 2,500.
Cheque Number MIB 987654
Jan 22 Receive cheque (RHB 258456) RM 4,120 for cash sales

Post Receipt from customer (payment)

Jan 28 Receive cheque (BIMB 658754) RM 2,500 from Rompin Beach
Resort.

 Preview your related debtors A/R statement and Customer Ledger

(A/R Ledger) Report.

4. PURCHASE AND RETURN OUTWARDS TRANSACTIONS.

Post Credit Purchase

Jan 12 Purchase from Dreamland Corp on credit RM 9,500 INV 1D1
Jan 21 Purchase from Art Furniture on credit RM 12,000 INV 1A1
Jan 27 Receive Credit Note from Dreamland Corp RM 3,200 CR 1D1

Post payment to supplier

Jan 29 Pay to Dreamland by cheque (BIMB351248) RM 21,300
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 Preview your Supplier Ledger (A/P Ledger) Report.

5. CASH BOOK TRANSACTIONS

Pay By Cheque and Cash

Jan 31 Pay to Tenaga Nasional Berhad for electricity RM 950
(BIMB351249)
Jan 31 Pay to Jabatan Bekalan Air Negeri Pahang for water bills RM 250
by cash.

Receipt By Cheque
Jan 31 Received cheque (MBB648274) from Zaiton for January Rental
RM 800.

6. DEPRECIATION EXPENSE FOR FIXED ASSETS (other G/L Journal)

As at 31/12/2008, depreciation expense is 10% from cost of assets

Fixed Assets Cost Depreciation

Machinery RM 110,000 RM 11,000
Office Equipment RM 20,000 RM 2,000
Motor Vehicle RM 65,000 RM 6,500

 IMPORTANT OUTPUT
• Preview your G/L Listing (from 11100 to 99999)
01/01/2008 – 31/12/2008
• Preview your Profit and Loss account and Balance Sheet as
at 31/01/2008.

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MR ACCOUNTING PROJECT (10%)

This project is done by group of 2 persons.

You are required to create your own company profile and your own transactions for
one month.

Requirements
• Opening Balance must include fixed assets, cash, bank, debtors and creditors
• Sales and return inwards – 5 transactions
• Purchase and return outwards – 5 transactions
• Cash Book Payment / Receipt – 4 transactions
• Depreciation expense of fixed asset 10%

Reports to be submitted:
1. Company Profile
2. Customer List
3. Supplier List
4. Audit Trials (opening balance)
5. A/R Statement
6. A/R Ledger
7. A/P Ledger
8. G/L Listings (all transactions)
9. Profit and Loss Account (one month)
10. Balance Sheet (end of the month)

Submit Draft – 1 week after Lab sessions end

Submit Final Project – 1 week after draft submitted.