ACC40404 – PRINCIPLES OF ACCOUNTING
TUTORIAL QUESTIONS
Tutorial Topic 2 Part 3 (Double Entry and Posting to Ledgers – Trial Balance)
Full name (as per ID) Student ID
QUESTION 1
Following information were extracted from Ali, Raju & Ah Seng Enterprise. The account
assistant made mistakes in preparing the Trial Balance. You are required to make
corrections and prepare the new Trial Balance as at 31 December 2022. You may use
the template given in next page.
Ali, Raju & Ah Seng Enterprise
Trial Balance as at 31 December 2022
Debit Credit
Accounts
(RM) (RM)
Cash at bank 22,160
Bank loan 4,810
Sales 173,250
Transportation 13,980
Maintenance expenses 7,480
Salary 3,870
Machines 98,000
Account receivables 28,200
Capital 108,384
Purchases 116,520
Account payables 13,080
Inventory as at 1 January 2022 15,300
Discount received 180
Discount allowed 360
Commission paid 800
Drawings 900
Rental income 10,710
Insurance expenses 1,020
Interest revenue 486
Return outwards 5,640
Cash in hand 7,950
377,460 255,620
Page 1 of 4
ACC40404 – PRINCIPLES OF ACCOUNTING
TUTORIAL QUESTIONS
ANSWER – QUESTION 1
______________________________________________________
______________________________________________________
Debit Credit
Accounts
(RM) (RM)
Page 2 of 4
ACC40404 – PRINCIPLES OF ACCOUNTING
TUTORIAL QUESTIONS
QUESTION 2
You recently work as part time Account Assistant at Excel Bookstore. Following
information were extracted from the books and you are required to prepare the Trial
Balance for Excel Bookstore as at 31 June 2021.
Accounts (RM)
Office Equipment 15,000
Loan from Diana 12,500
Rent revenue 750
Commission paid 570
Sales 18,000
Account payables 3,150
Wages 490
Bank 7,500
Capital 11,100
Insurance expenses 690
Cash 8,900
Purchases 12,350
Page 3 of 4
ACC40404 – PRINCIPLES OF ACCOUNTING
TUTORIAL QUESTIONS
ANSWER – QUESTION 2
______________________________________________________
______________________________________________________
Debit Credit
Accounts
(RM) (RM)
Page 4 of 4
