TABLE OF CONTENT

NUM. CONTENTS
1. Business profile

PAGES
2

2.

Business transactions

3.

Journals

4-5

4.

Ledgers

6-13

5.

Trial Balance

14

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BUSINESS PROFILE

Name of business : SiKhaMi Furniture Sdn. Bhd. Place of business : Lot 31, Jalan Putra, Kek Lok Si Temple, Air Itam 10450, Penang. Main business : Sold home furniture. Core operation : Sold carpets and bed linen. Capital : RM 50,000. Financial year end : 1 January 2011 - 31 December 2011.

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BUSINESS TRANSACTIONS
Date
2011 January 1 2 2 3 3 4 5 8 10 13 13 16 17 20 21 22 23 23 24 25 25 28 28 30

Transaction
Started business with cash. Bank Delivery lorry Bought goods on credit from KingKoil Sold goods on credit to Encik Adam Sold goods on credit to Encik Furqan Bought goods by cash Made credit sales to Syarikat Pelangi Purchase goods on credit from Muniandy Made cash sales Purchase goods from Alpha Trading on credit. Returned goods bought on credit to Kingkoil Sold goods received cash Purchased goods by cash Sold goods by cash Cash paid for goods Return goods to Alpha Trading Goods returned by Encik Furqan Purchased return to Muniandy Encik Adam returned faulty goods Syarikat Pelangi Sdn. Bhd returned goods due to wrong specifications Paid salaries by cash Received commission by cheque Paid a cheque for lorry repairs to Si Mekar Mechanics Paid wages by cash Received rent by cheque from the tenant

RM
10,000 20,000 20,000 10,000 4,500 900 2,000 12,500 5,000 1,000 15,000 2,500 750 1,500 1,500 5,000 750 150 320 550 600 400 350 1000 200 320

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JOURNALS
Sales Journal Date Jan 2 Jan 3 Jan 4 Particulars Encik Adam Encik Furqan Syarikat Pelangi Sdn.Bhd. Invoice no. Folio SL SL SL RM 4,500 900 12,500

Purchases Journal Date Jan 2 Jan 5 Jan 10 Particulars KingKoil Muniandy Alpha trading Invoice no. Folio PL PL PL RM 10,000 5,000 10,000

Return Inwards Journal Date Jan 22 Jan 23 Jan 24 Particulars Encik Furqan Encik Adam Syarikat Pelangi Sdn. Bhd. Invoice no. Folio RM 150 550 600

Return Outwards Journal Date Jan 13 Jan 21 Jan 23 Particulars Kingkoil Alpha trading Muniandy Invoice no. Folio RM 2,500 750 320

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Cash Receipt Journal Date Accounts credited Folio Bank (dr) RM Jan 8 Jan 13 Jan 17 Jan 25 TOTAL Cash Payment Journal Date Accounts debited Folio Bank (cr) RM Jan 3 Jan 16 Jan 20 Jan 25 Jan 28 Jan 28 TOTAL Purchases Purchases Purchases Salaries Si Mekar Mechanics Wages Cash (cr) RM 2,000 1,500 5,000 400 Discount Creditors Purchase received (cr) (dr) (dr) RM RM RM 2,000 1,500 5,000 Other amount (cr) RM Sales Sales Sales Commission received Cash (dr) RM 1,000 750 1,500 Discount Debtors allowed (dr) (cr) RM RM Sales (cr) RM 1,000 750 1,500 Other amount (cr) RM

350 350 3,250 3,250

350 350

1,000 200 9,100

400 1,000 200 1,600

1,000

8,500

General Journal Date Jan 1 Particular Cash Capital Bank Capital Delivery lorry Capital Folio GL GL GL GL GL GL Debit 10,000 20,000 20,000 20,000 20,000 Credit 10,000

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LEDGERS
Capital DEBIT DATE Jan 31 PARTICULAR c/d AMOUNT (RM) 50,000 DATE Jan 1 Jan 1 Jan 1 50,000 Feb 1 b/d CREDIT PARTICULAR Cash Bank Delivery lorry AMOUNT (RM) 10,000 20,000 20,000 50,000 50,000

Cash DEBIT DATE Jan 1 Jan 8 Jan 13 Jan 17 PARTICULAR Capital Sales Sales Sales AMOUNT (RM) 10,000 1,000 750 1,500 DATE Jan 3 Jan 16 Jan 20 Jan 25 Jan 28 Jan 31 13250 Feb 1 b/d 4150 CREDIT PARTICULAR Purchases Purchases Purchases Salaries Wages c/d AMOUNT (RM) 2,000 1,500 5,000 400 200 4150 13250

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Bank DEBIT DATE Jan 1 Jan 25 Jan 30 PARTICULAR Capital Commission received Rent received AMOUNT (RM) 20,000 350 320 20670 Feb 1 b/d 19670 20670 DATE Jan 28 Jan 31 CREDIT PARTICULAR Si Mekar Machines c/d AMOUNT (RM) 1,000 19670

Delivery Lorry DEBIT DATE Jan 1 PARTICULAR Capital AMOUNT (RM) 20,000 20,000 Feb 1 b/d 20,000 DATE Jan 31 CREDIT PARTICULAR c/d AMOUNT (RM) 20,000 20,000

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Purchases DEBIT DATE Jan 2 Jan 3 Jan 5 Jan 10 Jan 16 Jan 20 PARTICULAR Kingkoil Cash Muniandy Alpha Trading Cash Cash AMOUNT (RM) 10,000 2,000 5,000 15,000 1,500 5,000 38,500 Feb 1 b/d 38,500 38,500 DATE Jan 31 CREDIT PARTICULAR c/d AMOUNT (RM) 38,500

Kingkoil DEBIT DATE Jan 10 Jan 31 PARTICULAR Return outwards c/d AMOUNT (RM) 2,500 7,500 10,000 Feb 1 b/d 10,000 7,500 DATE Jan 2 CREDIT PARTICULAR Purchases AMOUNT (RM) 10,000

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Encik Adam DEBIT DATE Jan 2 PARTICULAR Sales AMOUNT (RM) 4,500 DATE Jan 23 Jan 31 4,500 Feb 1 b/d 3,950 CREDIT PARTICULAR Return inwards c/d AMOUNT (RM) 550 3,950 4,500

Sales DEBIT DATE Jan 31 PARTICULAR c/d AMOUNT (RM) 21,150 DATE Jan 2 Jan 3 Jan 4 Jan 8 Jan 13 Jan 17 21,150 Feb 1 b/d CREDIT PARTICULAR Encik Adam Encik Furqan Syarikat Pelangi Cash Cash Cash AMOUNT (RM) 4,500 900 12,500 1,000 750 1,500 21,150 21,150

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Encik Furqan DEBIT DATE Jan 3 PARTICULAR Sales AMOUNT (RM) 900 DATE Jan 22 Jan 31 900 Feb 1 b/d 750 CREDIT PARTICULAR Return inwards c/d AMOUNT (RM) 150 750 900

Syarikat Pelangi DEBIT DATE Jan 4 PARTICULAR Sales AMOUNT (RM) 12,500 DATE Jan 24 Jan 31 12,500 Feb 1 b/d 11,900 CREDIT PARTICULAR Return inwards c/d AMOUNT (RM) 600 11,900 12,500

Muniandy DEBIT DATE Jan 23 Jan 31 PARTICULAR Return outwards c/d AMOUNT (RM) 320 4,680 5,000 Feb 1 b/d 5,000 4,680 DATE Jan 5 CREDIT PARTICULAR Purchases AMOUNT (RM) 5,000

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Alpha Trading DEBIT DATE Jan 21 Jan 31 PARTICULAR Return outwards c/d AMOUNT (RM) 750 14,250 15,000 Feb 1 b/d 15,000 14,250 DATE Jan 10 CREDIT PARTICULAR Purchases AMOUNT (RM) 15,000

Return Outwards DEBIT DATE Jan 31 PARTICULAR c/d AMOUNT (RM) 3,570 DATE Jan 13 Jan 21 Jan 23 3,570 Feb 1 b/d CREDIT PARTICULAR Kingkoil Alpha Trading Muniandy AMOUNT (RM) 2,500 750 320 3570 3,570

Return Inwards DEBIT DATE Jan 22 Jan 23 Jan 24 PARTICULAR Encik Furqan Encik Adam Syarikat Pelangi AMOUNT (RM) 150 550 600 1,300 Feb 1 b/d 1,300 1,300 DATE Jan 31 CREDIT PARTICULAR c/d AMOUNT (RM) 1,300

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Salaries DEBIT DATE Jan 25 PARTICULAR Cash AMOUNT (RM) 400 400 Feb 1 b/d 400 DATE Jan 31 CREDIT PARTICULAR c/d AMOUNT (RM) 400 400

Wages DEBIT DATE Jan 28 PARTICULAR Cash AMOUNT (RM) 200 200 Feb 1 b/d 200 DATE Jan 31 CREDIT PARTICULAR c/d AMOUNT (RM) 200 200

Commission Received DEBIT DATE Jan 31 PARTICULAR c/d AMOUNT (RM) 350 350 Feb 1 b/d DATE Jan 25 CREDIT PARTICULAR Bank AMOUNT (RM) 350 350 350

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Rent Received DEBIT DATE Jan 31 PARTICULAR c/d AMOUNT (RM) 320 320 Feb 1 b/d DATE Jan 30 CREDIT PARTICULAR Bank AMOUNT (RM) 320 320 320

Si Mekar Mechanics DEBIT DATE Jan 28 PARTICULAR Bank AMOUNT (RM) 1,000 1,000 Feb 1 b/d 1,000 DATE Jan 31 CREDIT PARTICULAR c/d AMOUNT (RM) 1,000 1,000

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TRIAL BALANCE
Particulars
Bank Delivery Lorry Capital Purchase Kingkoil Sales Encik Adam Encik Furqan Cash Syarikat Pelangi Muniandy Alpha Trading Return outwards Return inwards Salaries Commission received Si Mekar Mechanics Wages Rent received 101820 1,000 200 320 101820 1,300 400 350 3,950 750 4,150 11,900 4,680 14,250 3,570 38,500 7,500 21,150

Debit (RM)
19,670 20,000

Credit (RM)

50,000

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