INTRODUCTION OF FINANCIAL ACCOUNTING

ASSIGNMENT 1
BOOK OF PRIME ENTRY

PREPARED BY:

NAME STUDENT ID

NURIN AQILAH BINTI ZAINAL ABIDIN YEOH 2018289774

NUR SYIFA EZLEEN BINTI ABD AZIZ 2018415362

SITI FATIMAH BINTI MUSTAFA KAMAL 2018237154

LECTURER NAME:

DATE SUBMISSION:
 ACC106 INTRODUCTION OF FINANCIAL ACCOUNTING

TABLE OF CONTENT

BUSINESS TRANSACTIONS_______________________________________________________ 3

JOURNAL ENTRY ______________________________________________________________ 5

LEDGERS ACCOUNT ____________________________________________________________ 8

TRIAL BALANCE ______________________________________________________________ 13

 ACC106 INTRODUCTION OF FINANCIAL ACCOUNTING

BUSINESS TRANSACTIONS

DATE DESCRIPTION

1 JULY 2018 OWNERS BROUGHT IN LORRY VALUED RM150,000 FOR DELIVERY,MACHINERY

VALUED RM50,000 AND RM144,500 CASH OF WHICH HALF WAS DEPOSITED INTO
BUSINESS BANK ACCOUNT

2 JULY 2018 PAID RM500 CASH FOR ANNUAL INSURANCE PREMIUM TO PROTECT BUSINESS
FINANCIAL STATUS

3 JULY 2018 PURCHASED DESKS WORTH RM4500 ON CREDIT FOR BUSINESS MANAGEMENT
PURPOSE FROM HERMAN MILLER

IMPORT RAW MATERIALS VALUED RM75,300 FROM PROBYN EXPORT AND PAID
BY CREDIT ALONG WITH THE TAX

5 JULY 2018 RECEIVED RM2,000 CASH FOR MONTHLY BUILDING RENTAL FROM BILLY CAFE

D’CUPZ CAFE PURCHASED TABLES AND CHAIRS AMOUNTING TO RM2,500 AND

PAID HALF BY CHEQUE

8 JULY 2018 GOODS WHICH AMOUNTED TO RM6,758 ARE PURCHASED FROM SALMAN
ENTERPRISE AND PAID RM4,000 IMMEDIATELY BY CHEQUE

RM1,200 OF CASH SALES TO THE SMITH FAMILY FOR THEIR NEW HOME.

9 JULY 2018 RM325 COMMISION IS RECEIVED IN CASH FROM A BUSINESS PARTNER, H&Z
SDN.BHD

HOME FURNITURES COST RM2,230 ARE PURCHASED ON CREDIT BY ECOWORLD

FOR A FULLY FURNISHED DISPLAY HOUSE

12 JULY 2018 SOLD FURNITURE AMOUNTING TO RM6,700 JOHOR LAND BERHAD ON CREDIT
FOR EXHIBITION PURPOSE

PURCHASE 50 BOX OF SHELLAC VARNISH AMOUNTING RM 10,800 FROM ZEA

ENTERPRISE ON CREDIT

ISSUED A CHEQUE TO SALMAN ENTERPRISE FOR REMAINING AMOUNT OWNED

13 JULY 2018 BUSINESS RETURNED 5 DETECTIVE BOX OF SHELLAC VARNISH TO ZEA ENT
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14 JULY 2018 RM 4,400 OF SALES ON CREDIT TO EN MAHMOOD FOR HIS OFFICE FURNITURES

FAULTY OFFICE EQUIPMENTS WERE RETURNED TO HERMAN MILER WITH THE

VALUE OF RM500

15 JUY 2018 OPENED A FRANCHISE IN PAHANG FROM HARTA LAND TO EXPAND BUSINESS
WORTH RM93,000 IN CREDIT

17 JULY 2018 THE SMITH FAMILY PAID RM870 BY CREDIT CARD FOR CUSTOM FURNITURE

20 JULY 2018 JOHOR LAND BERHAD RETURNED FURNITURE DUE TO WRONG SPECIFICATION
WORTH RM1,900

ECOWORLD RETURNED FURNITURE WORTH RM200 BECAUSE OF DELIVERY

MISTAKES

21 JULY 2018 RM 250 FURNITURE RETURNED BACK BY EN MAHMOOD BECAUSE OF SOME

DAMAGE DURING DELIVERY PERIOD

22 JULY 2018 OBTAINED LOAN FROM CIMB BANK WHICH AMOUNTED TO RM 80,000 FOR
BUSINESS EXPANSION

OWNERS TOOK RM 11,170 CASH FROM BUSINESS AND TRANSFERED INTO

BUSINESS BANK ACCOUNT

24 JULY 2018 RETURNED DEFECTIVE WOODS TO PROBYN EXPORT VALUED RM 14,300

FACTORY RENTAL FOR FURNITURE PRODUCTION COST RM3,050 WAS PAID BY

CHEQUE

25 JULY 2018 GOODS AMOUNTEDRM5,900 WAS SOLD TO AN ORPHANAGE AND WAS FULLY
PAID BY CHEQUE

26 JULY 2018 THE OWNERS WITHDREW RM2,300 GOODS AND RM1,600 CASH FOR PERSONAL
USE

28 JULY 2018 WIFI AND TELEPHONE BILLS VALUED RM8,080 WAS PAID TO TELEKOM MALAYSIA
BY CREDIT CARD

30 JULY 2018 PAYMENT OF WATER AND ELECTRICITY OF RM5,750 AND RM8,200 WAS DONE
RESPECTIVELY IN CASH
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JOURNAL

GENERAL JOURNAL

DATE DETAILS FOLIO DEBIT(RM) CREDIT(RM)

1 JULY 2018 LORRY 150.000

MACHINERY 50,000

CASH 72,250

BANK 72,250

CAPITAL 344,500

15 JULY 2018 FRANCHISE 93,000

HARTA LAND 93,000

26 JULY 2018 DRAWING 2,300

INVENTORY 2,300

LOAN 80,000

CIMB BANK 80,000

PURCHASED JOURNAL

DATE PARTICULAR INVOICE NO FOLIO AMOUNT(RM)

3 JULY 2018 PROBYN EXPORT 75,300

8 JULY 2018 SALMAN ENTERPRISE 6,758

12 JULY 2018 ZEA ENTERPRISE 10,800

HERMAN MILLER 4,500

TRANSFERRED TO PURCHASE ACC 97,358

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SALES JOURNAL

DATE PARTICULAR INVOICE NO FOLIO AMOUNT (RM)

5 JULY 2018 D’CUPZ CAFE 2,500

9 JULY 2018 ECOWORLD 2,230

12 JULY 2018 JOHOR LAND 6,700

BERHAD

14 JULY 2018 EN MAHMOOD 4,400

TRANSFERRED TO SALES ACC 15,830

RETURN INWARD JOURNAL

DATE PARTICULAR CREDIT NOTE NO. FOLIO AMOUNT (RM)

20 JULY 2018 ECOWORLD 200

20 JULY 2018 JOHOR LAND 1,900

BERHAD

21 JULY 2018 EN MAHMOOD 250

TRANSFERRED TO RETURN INWARD ACC 2,350

RETURN OUTWARD JOURNAL

DATE PARTICULAR DEBIT NOTE NO. FOLIO AMOUNT(RM)

13 JULY 2018 ZEA ENTERPRISE 1,080

19 JULY 2018 HERMAN MILLER 500

24 JULY 2018 PROBYN EXPORT 14,300

TRANSFERRED TO RETURN OUTWARD ACC 15,880

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CASH RECEIPT JOURNAL

DATE RECEIPT NO DETAILS FOLIO CASH BANK DIS ACC SALES OTHERS
ALLOWED REC

5/7/18 BUILDING 2,000 2,000

RENTAL

8/7/18 SMITH 1,200 1,200

FAMILY

8/7/18 SMITH 870 870

FAMILY

9/7/18 COMMISION 325 325

25/7/18 ORPHANAGE 5,90 5,900

0

5/7/18 D’CUPZ CAFE 1,25 1,25

0 0

CASH PAYMENT JOURNAL

DATE RECEIPT NO DETAILS FOLIO CASH BANK DIS A/C PAY SALES OTHERS
ALLOWED

2/7/18 INSURANCE 500 500

PREMIUM

24/7/18 FACTORY 3,050 3,050

RENTAL

28/7/18 WIFI& 8,080 8,080

TELEPHONE
BILL

31/7/18 WATER 5,750 5,750

31/7/18 ELECTRICITY 8,200 8,200

8/7 SALMAN ENT 6,758 6,758

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LEDGERS ACCOUNT

MACHINERY A/C CASH A/C

1/7 CAPITAL RM 30/7 BALANCE 1/7 CAPITAL RM 2/7 INSURANCE

50,000 C/D RM50,000 72,250 PREMIUM RM500

1/8 BALANCE B/D 5/7 BUILDING 22/7 BANK RM

RM50,000 RENTAL RM2,000 11,170

8/7 SALES 26/7 DRAWING

RM1,200 RM1,600

9/7 COMMISION 31/7 WATER RM

RM 325 5,750

31/7 ELECTRICITY
RM8,200

30/7 BALANCE
C/D RM48,555

1/8 BALANCE B/D

RM48,555

LORRY A/C FRANCHISE A/C

1/7 CAPITAL RM 31/7 BALANCE 15/7 HARTA 30/7 BALANCE

150,000 C/D RM150,000 LAND RM93,000 C/D RM93,000

1/8 BALANCE B/D 1/8 BALANCE B/D

RM150,000 RM93,000
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LOAN A/C BANK A/C

30/7 BALANCE 22/7 BANK 1/7 CAPITAL 8/7 SALMAN ENT

C/D RM80,000 RM80,000 RM72,250 RM4,000

1/8 BALANCE B/D 5/7 D,CUPZ CAFE 12/7 SALMAN

RM80,000 RM1,250 ENT RM2,758

17/7 SALES 29/7 RENTAL EXP

RM870 RM3,050

22/7 LOAN RM 28/7 WIFI

80,000 TELEPHONE
RM8,080

22/7 CASH RM
11,170

25/7 SALES 30/7 BALANCE

RM5,900 C/D RM153,552

1/8 BALANCE B/D

RM153,552

RENTAL A/C RETURN OUTWARD A/C

24/7 BANK RM 5/7 CASH 30/7 BALANCE 30/7 TOTAL

3050 RM2,000 C/D RM15,880 RETURN
OUTWARD
RM15,880

30/7 BALANCE 1/8 BALANCE B/D

C/D RM1,050 RM15,880

1/8 BALANCE B/D

RM1,050
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DRAWING A/C INSURANCE PREMIUM A/C

26/7 PURCHASES 2/7 CASH RM 500 30/7 BALANCE

RM2,300 C/D RM500

26/7 CASH RM 30/7 BALANCE 1/8 BALANCE B/D

1,600 C/D RM3,900 RM500

1/8 BALANCE B/D

RM3,900

COMMISION A/C WATER A/C

30/7 BALANCE 9/7 CASH RM 325 31/7 CASH 30/7 BALANCE

C/D RM325 RM5,750 C/D RM5,750

1/8 BALANCE B/D 1/8 BALANCE B/D

RM325 RM5,750

ELECTRICITY A/C WIFI&TELEPHONE BILLS A/C

31/7 CASH 30/7 BALANCE 28/7 BANK 30/7 BALANCE

RM8,200 C/D RM8,200 RM8,080 C/D RM8,200

1/8 BALANCE B/D 1/8 BALANCE B/D

RM8,200 RM8,200
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OFFICE EQUIPMENT A/C PURCHASES A/C

3/7 HERMAN 30/7 BALANCE 30/7 TOTAL 26/7 DRAWING

MILLER RM 4,500 C/D RM4,500 CREDIT RM2,300
PURCHASES
RM97,358

1/8 BALANCE B/D 30/7 BALANCE

RM4,500 C/D RM95,058

1/8 BALANCE B/D

RM95,058

SALES A/C RETURN INWARD A/C

30/7 TOTAL 30/7 TOTAL 30/7 BALANCE

CREDIT SALES RETURN INWARD C/D RM2,350
RM15,830 RM2,350

17/7 BANK 1/8 BALANCE B/D

RM870 RM2,350

30/7 BALANCE 25/7 BANK

C/D RM22,600 RM5,900

1/8 BALANCE B/D

RM22,600
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A/C PAYABLE SALMAN ENT

DATE RM DATE RM

8/7/2018 BANK 4,000 8/7/2018 PURCHASES 6,758

12/7/2018 BANK 2,758

A/C PAYABLE -PROBYN EXPORT

DATE RM DATE RM

24/7/2018 RETURN 14,300 3/7/2018 PURCHASES 75,300

OUTWARD

A/C PAYABLE - ZEA ENT

DATE RM DATE RM

13/7/2018 RETURN 1,080 12/7/2018 PURCHASES 10,800

OUTWARD

A/C PAYABLE- HERMAN MILLER

DATE RM DATE RM

14/7/2018 RETURN 500 3/7/2018 OFFICE 4,500

OUTWARD EQUIPMENT
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A/C PAYABLE HARTA LAND

DATE RM DATE RM

15/7/2018 FRANCHISE 93,000

A/C RECEIVABLE-ORPHANAGE

DATE RM DATE RM

25/7/2018 SALES 5,900 BANK 5,900

A/C RECEIVABLE- D’CUPZ CAFE

DATE RM DATE RM

9/7/2018 SALES 2,500 5/7/2018 BANK 1,250

A/C RECEIVABLE-ECOWORLD

DATE RM DATE RM

9/7/2018 SALES 2,230 20/7/2018 RETURN 200

INWARD
 ACC106 INTRODUCTION OF FINANCIAL ACCOUNTING

A/C RECEIVABLE- JOHOR LAND BERHAD

DATE RM DATE RM

12/7/2108 SALES 6,700 20/7/2018 RETURN 1,900

INWARD

A/C RECEIVABLE- EN MAHMOOD

DATE RM DATE RM

21/7/2018 SALES 4,400 25/7/2018 RETURN 250

INWARD
 ACC106 INTRODUCTION OF FINANCIAL ACCOUNTING

TRIAL BALANCE

TRIAL BALANCE AS AT 31/5/2018

ACCOUNT DEBIT(RM) CREDIT(RM)

CAPITAL 344,500

LORRY 150,000

MACHINERY 50,000

CASH 48,555

BANK 153,552

FRANCHISE 93,000

LOAN 80,000

DRAWING 3,900

COMMISION 325

INSURANCE PREMIUM 500

RENTAL 1,050

ELECTRICITY 8,200
 ACC106 INTRODUCTION OF FINANCIAL ACCOUNTING

WATER 5,750

WIFI&TELEPHONE BILL 8,080

PURCHASES 95,058

SALES 23,800

RETURN INWARD 2,350

RETURN OUTWARD 15,880

A/C RECEIVABLE-D’CUPZ CAFE 1,250

A/C RECEIVABLE- ECOWORLD 2,030

A/C RECEIVABLE-JOHOR LAND 4,800

BHD

A/C RECEIVABLE-EN 4,150

MAHMOOD

A/C PAYABLE-PROBYN EXPORT 61,000

A/C PAYABLE-ZEA ENT 9.720

A/C PAYABLE-HERMAN MILLER 4,000

A/C PAYABLE-HARTA LAND 93,000

632,225 632,225