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A Step-by-Step Million Accounting Workbook

Copyright of Million Software Sdn Bhd Page 1

This workbook is designed according to the latest version of MILLION Accounting Software. It is catered mainly for companies which would like to computerise their account departments. The simple “step-by-step” guide aids beginner understanding. It is in every confidence that this workbook will beneficial to all.

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means; electronic, mechanical, photocopying, recording and or otherwise, without the prior written permission of Million Software Sdn Bhd No patent liability is assumed with respect to the use of the information contained herein. Every precaution has been made to supply complete and accurate information. However, Million Software .neither resumes responsibility for its use, nor for any infringement of patents or other rights of third parties which would result. COPYRIGHT 2011. Million SOFTWARE Sdn Bhd (Last Modified on June 2014)

Published By: MILLION SOFTWARE SDN BHD

Head Office: 35A, Jalan Kebudayaan 4, Taman University, 81300 Skudai, Johor Bahru, Johor.

Tel :+6(07)520 3434 Fax :+6(07)520 1949 Branch Office: 72-2,Persiaran Bayan Indah, Bayan Bay, 11900 Bayan Lepas Penang. Tel: +6(04)638 4911 Website: www.million.my E-mail: [email protected] / [email protected]



1. System Requirements

Before we continue, please ensure that your computer has the minimum specifications mentioned below.

Processor Type Pentium 4 or higher

Processor Speed 1GHz or higher

Operating System Microsoft Windows XP or later

Memory (RAM) 1GB or more

Hard Disk Approximately 1GB of available hard-disk space

Display Super VGA (1024 X 768) or higher-resolution video adapter or

monitor

Other Devices Mouse or compatible pointing devices



CONTENTS

Page 1. Preface 1 2. System Requirement 2 3. Content 3 4. Lesson 1 - Setting Company Profile 4 - 8 - Create chart of accounts - Create Debtor & Creditor account - Organise batches

- Add / Edit / Delete Transaction - Print Reports - Assignment 1

5. Lesson 2 - Open Item Debtor & Creditor 8 – 15 - Foreign Currency Transaction

- Enter opening balance - Maintain Stock Value - Post Dated Cheques - Bank Reconciliation Statement

- Transaction involving period 13 - Year End Processing

- Assignment 2 6. Lesson 3 - Departmental Account 16 - 19 - Assignment 3

7. Lesson 4 - Manufacturing Account 20 - 23 - Maintain Multiple Stock Value - Assignment 4 8. Lesson 5 - Non Profit Organization Account 24 - 27 -Assignment 5 9. Lesson 6 GST Assignment 28 - 32 10. Answers for Assignments 33 - 45 11. Appendix I - Sample Chart of accounts 46 - 51 - Trading Company

- Manufacturing Company - Non-Profit Organisation Account



Lesson 1

Objectives:

Learn how to:

(1) Set up Company Profile

(2) Create Chart of Accounts

(3) Debtor and Creditor File Maintenance

(4) Maintain Batches

(5) Be able to differentiate between Single and Fast Entry at GL Transaction

(6) Print the Chart of Accounts, General Ledger and Trading and Profit & Loss Account

(7) Learn the correct way to backup your directory

(8) Edit Chart of Accounts

(9) Learn how to

• Search for a Transaction

• Edit a Transaction

• Delete a Transaction



ASSIGNMENT 1

Go to System�General Setup � Company, to add the following company profile

Company Name : Sunrise Trading Sdn Bhd Registration No. : 168958-A Accounting Period : 01/01/2012 – 31/12/2012 Actual Start Date : 01/01/2012

Set the format type for the accounts codes:

Account Format: XXXX/XXXX

( System � General Setup � Options )

1. Create the following Chart of Account Numbers:

(Go to General � GL Accounts � Add the below general chart of accounts.)

Account Number A/C Description A/C Group Classified As

1000/0000 Capital Capital & Reserves -

1050/0000 Retained Earning Capital & Reserves Retained Earning

1051/0000 Current Profit & Loss Capital & Reserves Current Year Profit / (Loss)

3000/0000 Trade Debtors Current Assets Debtor

3010/0000 Bank Current Assets Bank

3020/0000 Cash In Hand Current Assets Cash

4000/0000 Trade Creditors Current Liabilities Creditor

5000/0000 Sales Revenue Sales

6010/0000 Purchases Cost Of Goods Sold Purchases

9001/0000 Discount Allowed Expenditure -

9005/0000 Salaries Expenditure -

9010/0000 Telephone Expenditure -

9015/0000 Water & Electricity Expenditure -

2. Add the following Debtors:

(Go to Debtors � Debtor Maintenance � Add) Phone

Debtor No. Name Billing Address Numbers

3000/M001 Maya Plastic Trading 112, Jalan Payu, Tampoi, JB 07-3340707

3000/M002 Microsoft Sdn Bhd No. 5, Jalan Harimau, KL 03-9543262

3000/S001 Sakura Communication Co 333, Jalan Bintang, Penang 04-3322556

3. Add the following Creditors:

(Go to Creditors � Creditor Maintenance � Add) Phone

Creditor No. Name Address Numbers

4000/A001 Aloha Corporation No. 10, Jalan Suria 19, JB 07-3328378

4000/T001 Time Dotcom Sdn Bhd No. 56, Jalan Merah, KL 03-5432626



4. Create the following batches:

(General � Batch �� Add)

Code Description Batch Type

10 CREDIT SALES Sales

20 CREDIT PURCHASES Purchases

30 BANK Bank

40 CASH Cash

50 CN / DN Journal

(Select From Month = January To January � Year = 2012 � Generate � Yes)

5. Add the following Credit Sales Transactions

(Go to Debtors � Invoice � Add )

Ref. No. RM

02/01/2012 Sales to Maya Plastic Trading Inv2001 13,600.00

05/01/2012 Sales to Microsoft Sdn Bhd Inv2002 3,500.00

06/01/2012 Sales to Sakura Communication Co Inv2003 18,000.00

6. Add the following Credit Purchases Transactions

( Go to Creditors � Purchases Invoice � Add )

Ref. No. RM

01/01/2012 Purchased from Aloha Corporation Inv 2100 17,600.00

05/01/2012 Purchased from Time Dotcom Sdn Bhd I 88556 8,800.00

7. Add the following Bank Transactions

(Go to General � Cash Book � Payment � Add)

Ref. No. RM

31/01/2012 Salaries PV0101 1,800.00

31/01/2012 Telephone PV0102 500.00

31/01/2012 Water & Electricity PV0103 300.00

8. Add the following Cash Transactions

(Go to General � Cash Book � Receipt � Add)

Ref. No. RM

21/01/2012 Cash Sales CS 0001 70.00

31/01/2012 Cash Sales CS 0002 100.00



9. Add the following Receive Transactions.

(Go to Debtors � Receive Payment � Add)

Ref. No. RM

21/01/2012 Received Payment from Maya OR0001 13,000.00

Plastic

10. Add the following Payment Transactions.

(Go to Creditors � Pay Bills � Add)

Ref. No. RM

31/01/2012 Paid to Time Dotcom Sdn Bhd PV0104 5,000.00

11. Add the following Credit Note to Journal

(Go to Debtors� Credit Note � Add )

Ref. No. RM

31/01/2012 Being discount allowed to Maya CN 0001 600.00

Plastic Trading for Invoice No.: Inv2001

12. View the following Reports:

(i) Print Batch of Transactions (General �More Report � Print Batch Of Transaction)

(ii) Bank Ledger (General � View Ledgers)

(iii) Trial Balance (General � Trial Balance)

(iv) Trading And Profit & Loss Account (General � Profit & Loss Account)

13. Save a copy of data into hard disk (C drive), or others drive.

(i) Go to System�Backup Database

(ii) Enter the directory path as C:\BACKUP\SUNRISE\

(iii) Click on the Backup button to backup.

Experiments

1. Change the Account Description from “Telephone” to “Telephone Charges”. (Go to General � GL Accounts � Filter � Edit)

2. Change the Sales amount for Maya Plastic Trading from RM13, 600.00 to RM13, 600.50. (Go to Debtors� Invoice � Filter� Edit � Reverse)

3. Delete the entire transaction for Cash Sales No. CS 0001 of RM70.00. (Go to General � Cash Book � Receipt �Delete)

4. Change the Bank Account Number from 3010/000 to 3050/0000.

(Go to System �Administrative Tools � Change Data � User ID & Password: Admin � Accounts)



Lesson 2

Objectives:

(1) Maintain Company Profile

- Set the Accounting Year

(2) Generate Sample Chart of Accounts

-Trading Company

(3) Debtor / Creditor

- Maintain Debtor / Creditor accounts

- B/F Transactions

- Sales Invoice / Purchase Invoice

- Receive Payment / Pay Bills

- Knock off Bills

(4) Enter Foreign Currency transaction

(5) Cash Book entry

- Payment

- Receipt

(6) Maintain Closing Stock Value

(7) Post Dated Cheque

(8) View Reports

- Debtor Statement

- Aging Reports

- Payment Due

(9) Year End Processing

- Backup



ASSIGNMENT 2

Company Profile (System� General Setup � Company)

Company Name : Wong Long Sdn Bhd

R.O.C. No. : 123456-A

Address : 123 Jalan Seroja 39, Taman Johor Jaya, 81100 Johor Bahru

Accounting Year : 01/01/2012 – 31/12/2012

Actual Starting Date : 01/11/2012




1. Create a Sample Chart Of Account

(General � GL Accounts � Sample � � Trading Account � Generate � enter ‘admin’

user name & password � Login � Yes �OK)

2. Maintain Debtors Accounts (Debtors � Debtor Maintenance � Add)

Debtor A/C Name

3000/S001 Sakura Trading Sdn Bhd

3000/S002 Seng Tech Sdn. Bhd.

3000/U001 United Co. Sdn Bhd

3000/V001 Victor Pte. Ltd Currency: SGD Currency Rate: 2.30 *

(Go to General ��Miscellaneous �� Currency�� SGD�� Exchange Rate��Add�� Date from 01/11/2012

To 30/11/2012 �� Save)

3. Creditors Accounts (Creditors � Creditor Maintenance � Add)

Creditor A/C Name

4000/L001 Lee C.S. Sdn Bhd



4. Enter the following opening as at 31/10/2012

(General � A/C Opening Balance)

Description Debit Credit

(RM) (RM) Capital 18,000.00

Retained Earning 1,150.00

Sakura Trading 9,500.00

United Co. S/B 3,500.00

Bank –PBB A/C 9,000.00

Cash 150.00

Stock 8,000.00

Lee C. S. Sdn Bhd 11,000.00

30,150.00 30,150.00

Note: Lock the opening balance.

5. The Company has two debtors and their Unpaid Bills till 31/10/2012 are shown below

(Debtors � B/F Transaction � Add)

Date Account No. Bill No. Description Amount (RM)

01/09/2012 3000/S001 I 9801 Sales 2,500.00

03/09/2012 3000/S001 I 9802 Sales 1,800.00

18/10/2012 3000/S001 I 9803 Sales 3,500.00

24/10/2012 3000/S001 I 9804 Sales 1,700.00

05/08/2012 3000/U001 I 9805 Sales 1,950.00

29/08/2012 3000/U001 I 9806 Sales 1,550.00

Note: Use the ‘List’ button to check whether there is difference between debtor opening balance and total B/F

transaction.

6. Generate Lee C. S. Sdn Bhd Outstanding Bills from opening balance

(Creditors � B/F Transaction � List � Generate �� Yes)

7. Generate a set of Batches for November 2012

(General � Batch � Add � Sample � Yes � OK )


10 Sales Sales

20 Purchases Purchase

30 Bank Bank

40 Cash Cash

50 Journal Journal (Select� From Month = November to December � Year = 2012 � Generate � Yes)



8. Enter the following transactions for the month of November 2012

Batch: Sales (Debtors � Invoice � Add)

Date Description Ref No. Amount

01/11/2012 Sakura Trading I 9820 1,230.00

02/11/2012 United Co. I 9821 1,010.00

26/11/2012 United Co. I 9822 250.00

28/11/2012 Seng Tech Sdn Bhd I 9823 500.00

30/11/2012 Victor Pte. Ltd I 9824 $500.00

(Currency Rate : 2.30)

9. Batch: Purchases

(Creditors � Purchase Invoice � Add)


07/11/2012 Lee C. S. S/B 8208 2,300.00

21/11/2012 Lee C. S. S/B 8220 1,100.00

10. Batch: Bank

(Debtors � Receive Payment � Add)

Date Description Chq No. Ref No. Amount

02/11/2012 Sakura Trading PBB155661 OR0001 2,500.00

Pay For:I 9801

02/11/2012 United Co. RHB224455 OR0002 1,000.00

Pay For:I 9806

07/11/2012 United Co. RHB221158 OR0003 550.00

Pay For:I 9821


Pay For:I 9803 & I 9804

28/11/2012 Seng Tech Sdn Bhd TLB551144 OR0006 500.00

Pay For:I 9823

30/11/2012 Victor Pte.Ltd SBB553222 OR0007 $500.00

Pay For:I 9824

(Currency Rate : 2.20)


Pay For:I 9820

28/12/2012 United Co. RHB233100 OR0010 250.00

Pay For:I 9822

11. (General � Cash Book � Receipt � Add)


08/11/2012 Rental Income BOC776601 OR0004 1,000.00

01/12/2012 Sundry Income PBB144333 OR0008 500.00

05/12/2012 Rental Income BOC776602 OR0011 1,000.00



12. (General � Cash Book �Payment � Add)


05/11/2012 Water & Electricity PBB886601 PV0001 180.00

28/11/2012 Salary PBB886602 PV0002 1,800.00

28/12/2012 Salary PBB886605 PV0003 2,000.00

13. Batch: Cash

(General � Cash Book � Payment � Add)


20/11/2012 Stationery CV0001 15.00

25/11/2012 Stamps CV0002 20.00

14. (General � Cash Book � Receipt � Add)


05/11/2012 Cash Sales CS 0001 300.00

17/11/2012 Cash Sales CS 0002 100.00

15. Batch: Journal

(Debtors � Credit Note � Add)


28/11/2012 Goods Return from Sakura CN0001 700.00

For Invoice no.: I 9804

16. Enter Closing Stock Value for Year 2012

(General � Maintain Stock Value � Add � Save � Enter Closing Stock � Add )

Opening Stock Value as at 01/11/2012 = RM 8,000.00

Closing Stock Value as at 31/12/2012 = RM2,200.00

17. Received a Post Dated Cheques (PDC) from a Debtor (i) Enter the following PDC transaction

Batch: Bank – Dec 2011

(Debtors � Receive Payment � Add)

Date Description (Pay For) Chq No. Ref No. Amount 25/12/2012 Sakura Trading (I 9802) PBB155886 PDC12/01 1,800.00

(ii) View Debtor Statement for 30 Nov 2012

(Debtors � Debtor Reports � Debtor Statement � Print � Preview)



18. The following is the Bank Statement as at 31/10/2012

(General � Bank Reconciliation � Select ‘Bank – PBB A/C’ � Edit �Maintain B/F Trans � Add)

Bank Reconciliation Statement as at 31/10/2012

Balance as per Bank Statement 7,500.00

Add: Deposits Not Credited By Bank

01/10/2012 OR 2145 Sakura Trading Sdn Bhd 2,000.00

PBB 149875

20/10/2012 OR 2166 Rental Received 1,800.00 3,800.00

MBB 154477 11,300.00

Less: Unpresented Cheque

28/10/2012 PV 1897 Water & Electricity 500.00

PBB234891

30/10/2012 PV1854 Rental 1,800.00 2,300.00

PBB146321

Balance as per Bank Account 9,000.00



19. The following is the Bank Statement as at 30/11/2012

(General � Bank Reconciliation � Select ‘Bank – PBB A/C’ � Edit � Select the

Statement Date = November 2012 � Refresh)

PUBLIC BANK BERHAD (Johor Bahru)

Wong Long Sdn Bhd Statement

123, Jalan Seroja 39, (Customer Copy)

Taman Johor Jaya,

81100 Johor Bahru, Johor.

Date Transaction Description Transaction Amount Balance

(RM) (RM)

Balance B/F 7,500.00

05/11/2012 Local Cheque Deposit 155661 2,500.00 10,000.00

09/11/2012 Debit Cheque Deposit 224455 1,000.00 11,000.00



30/11/2012 Debit Cheque 886602 1,800.00- 14,700.00

Total of debit items : 9,000.00 4

Total of credit items : 1,800.00 1 Note:

1. All items and balances shown above will be considered correct unless the Bank is notified of any discrepancy within 14 days.

2. Please notify us of any change of address in writing.

� View the Bank Reconciliation Statement as at November 2012

Result:

Balance as per Bank Statement = RM 14,700.00

Balance as per Bank Account = RM 18,170.00

20. Experiment

(i) The bill for United Co. OR 0003 is wrongly knocked off and should be knocked off against

Invoice no.: I 9806 instead.

• Reverse Bills (Debtors � Knock Off Bill � Edit � Reverse)

• Knock Off again the correct Invoice with the payment.

(Debtors � Knock Off Bill � Edit � Edit)

21. View the following debtors reports for Nov 2012

(i) Preview Debtor Statement

(Debtors � Debtor Reports � Debtors Statement � OK � Statement Date: 30/11/2012)



(ii) Preview Debtor Aging

(Debtors � Debtor Reports � Debtors Aging � OK � To Date: 30/11/2012)

� Aging by ‘Month’)

(iii) Preview Debtor Payment Due

(Debtors � Debtor Reports � Debtors Payment Due � OK � To Date: 30/11/2012)

22. Enter the following Sales invoice for January 2013

(General � Batch � Add � From/To Month: January Year: 2013 � Generate � Yes)

(General � GL Transaction � Quick Entry � Sales Invoice � OK)

Batch: Sales


02/01/2013 Sakura Trading Sdn Bhd Inv 2093 1,600.00

05/01/2013 United Co. Sdn Bhd Inv 2094 5,000.00

17/01/2013 Seng Tech Sdn Bhd Inv 2095 1,530.00

23. Year end processing for Year 2012

(System � Backup Database � Backup To: C:\Backup\Wonglong\� Backup)

(System � Administrative Tools � Year End Closing � OK � enter admin user & password



Lesson 3

Objectives:

(1) Learn how to use Project Code to handle Departmental Account

(2) Learn how to maintain Department Stock Value

(3) Learn how to use the Consolidated Account to print out columnised

Profit & Loss Account for all the departments.

(4) At the end of this assignment, the student should be able to apply the concept to other type

of accounts such as contract accounts with many projects, branch accounts, organization with

many cost centers, etc.



ASSIGNMENT 3

Departmental Account

1. Seng Long Supermarket has 3 departments’ accounts. The 3 departments are: Ladies, Gents &

Children. Their accounting year starts from 01/01/2012 to 31/12/2012.



2. Using the following codes to maintain the department codes respectively:-

(Go to General � Miscellaneous � Project � Add)

Project Description Date Start Date Complete

LD Ladies 01/01/2012 31/12/2012

GT Gents 01/01/2012 31/12/2012

CD Children 01/01/2012 31/12/2012

3. Maintain General accounts.

(General � GL Accounts � Add)

A/C No. A/C Description Account Group Classified As

1000/0000 Capital Capital & Reserves - 1050/0000 Retained Earning Capital & Reserves Retained Earning 1051/0000 Current Profit / Loss Capital & Reserves Current Year Profit/(Loss) 3010/0000 Cash In Hand Current Assets Cash 3020/0000 Bank Current Assets Bank 3100/0000 Stock Current Assets Closing Stock 4000/0000 Trade Creditor Current Liabilities Creditor 5000/0000 Cash Sales Revenue Sales 6000/0000 Opening Stock Cost Of Goods Sold Opening Stock 6010/0000 Purchases Cost Of Goods Sold Purchases 6100/0000 Closing Stock Cost Of Goods Sold Closing Stock 9010/0000 Salary Expenditure - 9020/0000 Insurance Expenditure - 9030/0000 Rental Expenditure -

4. Maintain Creditor’s accounts

(Creditors � Creditor Maintenance � Add)

Creditor No. Company Name 4000/L001 Lee Corporation 4000/R001 R & D Fashion 4000/J001 JJ Fashion



5. Organise January’s batches


(Select� From Month = January To January � Year = 2012 � Generate � Yes)

6. Enter the following transactions for the respective department:

Purchases

(Go to Creditors � Purchase Invoice � Add)

Date Description Ref. No. Ladies Gents Children

01/01/2012 Lee Corporation � Auto (PI001) 6,000.00 5,000.00 4,500.00

02/01/2012 R & D Fashion � Auto 3,000.00 1,000.00 1,500.00

09/01/2012 JJ Fashion � Auto 9,000.00 4,800.00 3,500.00

Cash



11/01/2012 Cash Sales � Auto (CS001) 10,000.00 8,000.00 7,500.00

12/01/2012 Cash Sales � Auto 5,000.00 3,000.00 2,500.00

13/01/2012 Cash Sales � Auto 12,000.00 6,800.00 5,500.00

Bank



21/01/2012 Salary � Auto (PV001) 1,600.00 1,500.00 1,450.00

21/01/2012 Insurance � Auto 300.00 100.00 150.00

25/01/2012 Rental � Auto 900.00 480.00 350.00

7. The stock value for each department

( Go to General �Maintain Stock Value �Add )

Ladies Gents Children Total

Stock as at 01/01/2012 (Opening) 6,000.00 5,000.00 4,500.00 15,500.00

Stock as at 31/01/2012 (Closing) 5,000.00 3,000.00 1,500.00 9,500.00

Departments

Departments

Departments



Go to General � Maintain Stock Values to enter the above “Closing stock” values.

Project Bal. Sheet Closing Stock Description P&L Opening Stock P&L Closing Stock

LD 3100/0000 Stock 6000/0000 6100/0000

GT 3100/0000 Stock 6000/0000 6100/0000

CD 3100/0000 Stock 6000/0000 6100/0000

8. View reports for each department:

(i) View the respective departments’ Profit and Loss Account;

(Go to General � Profit and Loss Account � Select Project Code)

(ii) Print a consolidated Profit and Loss Account that includes all departments;

(Go to General � More Report � Consolidated Account � Maintain � Generate � Generate Project

� OK)



Lesson 4

Objectives:

Learn how to:

(1) Create a Chart of Account for Manufacturing Account

(2) Use the function of Special Account function

(3) Maintain Multiple Opening & Closing Stock account

(4) Print Manufacturing Account



ASSIGNMENT 4

Manufacturing Account

CREATIVE INDUSTRIES SDN BHD wishes to control their using Million Accounting System. Their

accounting year is from 01/01/2012 to 31/12/2012.



1. Create the following chart for the Manufacturing Account :

A/C No A/C Description A/C Group Classified As Group To

7000/0000 Manufacturing Account Cost Of Goods Sold Cost Of Goods Manufactured 7000/0000

7000/1000 Raw Material Cost Of Goods Manufactured - 7000/1000

7000/1010 Opening Stock – Raw

Material

Cost Of Goods Manufactured Opening Stock 7000/1000

7000/1020 Purchases Of Raw

Material

Cost Of Goods Manufactured Purchases 7000/1000

7000/1030 Carriage Inwards Cost Of Goods Manufactured - 7000/1000

7000/1040 Closing Stock – Raw

Material

Cost Of Goods Manufactured Closing Stock 7000/1000

7000/2000 Direct Labour Cost Of Goods Manufactured - 7000/2000

7000/2010 Product Wages Cost Of Goods Manufactured - 7000/2000

7000/2020 E.P.F. Contribution

(Production)

Cost Of Goods Manufactured - 7000/2000

7000/2030 SOCSO Contribution

(Production )


7000/3000 Factory Overhead Cost Of Goods Manufactured - 7000/3000

7000/3010 Factory Rental Cost Of Goods Manufactured - 7000/3000

7000/3020 Factory Expenses Cost Of Goods Manufactured - 7000/3000

7000/3030 Water & Electricity

(Factory)


7000/3040 Depreciation of Plant &

Machinery


7000/4000 Packing Material Cost Of Goods Manufactured - 7000/4000

7000/4010 Opening Stock –

Packing Material


7000/4020 Purchases of Packing

Material

Cost Of Goods Manufactured Purchases 7000/4000

7000/4030 Closing Stock –

Packing Material


7000/5000 Work – In – Progress Cost Of Goods Manufactured - 7000/5000



7000/5010 Opening – Work – In –

Progress


7000/5020 Closing – Work – In –

Progress


1000/0000 Capital Capital & Reserves - 1000/0000

1050/0000 Retained Earning Capital & Reserves Retained Earning 1050/0000

1051/0000 Current Profit & Loss Capital & Reserves Current Year Profit / (Loss) 1051/0000

2001/0000 Plant & Machinery Fixed Assets Fixed Assets 2001/0000

2001/0050 Accum. Deprn. – Plant

& Machinery

Fixed Assets Accumulated Depreciation 2001/0000

3010/0000 Cash At Bank Current Assets Bank 3010/0000

3020/0000 Stock Current Assets Closing Stock 3020/0000

3020/1000 Stock – Raw Material Current Assets Closing Stock 3020/1000

3020/4000 Stock – Packing

Material

Current Assets Closing Stock 3020/4000

3020/5000 Stock – Work – In –

Progress

Current Assets Closing Stock 3020/5000

2. Organise January’s batches

(General � Batch � Add � Sample� Yes � OK)


3. Add the following transactions for Jan’2012 :


Bank Book – Jan’2012

Date Description Ref. No. Amount

01/01/2012 Purchase of Raw Material PV2001 38,000.00

01/01/2012 Carriage Inward PV2002 120.00

07/01/2012 Production Wages PV2003 5,000.00

07/01/2012 E.P.F. Contribution (Production) PV2004 600.00

07/01/2012 SOCSO Contribution (Production) PV2005 50.00

07/01/2012 Factory Rental PV2006 3,000.00

15/01/2012 Factory Expense PV2007 30.00

15/01/2012 Water & Electricity (Factory) PV2008 1,000.00

18/01/2012 Upkeep of Machinery (7000/3050) PV2009 800.00

20/01/2012 Purchase of Packing Material PV2010 1,200.00

Journal – Jan’2012

(General �GL Transaction � Add)

Date Description Ref. No. Amount

31/01/2012 Depreciation of Plant & Machinery JV2001 5,600.00



4. The figures for Opening & Closing Stock as at 31/01/2012 are as follows: -

( Go to General �Maintain Stock Value �Add )

Opening Stock Closing Stock

Raw Material 60,000.00 58,000.00

Packing Material 3,000.00 1,600.00

Work-in-progress 10,000.00 11,000.00

Go to General � Maintain Stock Values to enter the above stock values.

Project Bal. Sheet Closing Stock Description P&L Opening Stock P&L Closing Stock

3020/1000 Stock 7000/1010 7000/1040

3020/4000 Stock 7000/4010 7000/4030

3020/5000 Stock 7000/5010 7000/5020

5. Print the following Financial Reports: -

i) Manufacturing Account (General � More Reports � Manufacturing Account)

ii) Profit and Loss Account (General � Profit & Loss Account)

iii) Balance Sheet (General � Balance Sheet)



Lesson 5

Objectives:

Learn how to:

(1) Set up Company Profile

(2) Create Chart of Accounts

(3) Enter Opening Balance for

� The first month of financial year

(4) Organise Batches

(5) Add / Edit Transactions

(6) Edit Account Type Description

(7) View Report



ASSIGNMENT 5

1. Company Profile (System� General Setup � Company)

Company Name : XYZ Social Club

Address : 123 Jalan Seroja 47, Taman Johor Jaya, 81100 Johor Bahru

Accounting Year : 01/01/2012 – 31/12/2012

Actual Starting Date : 01/01/2012




General Accounts

Account Number A/C Description A/C Group Classified As

1000/0000 Accumulated Fund B/F Capital & Reserved Retained Earning

1001/0000 Accumulated Fund Capital & Reserved Current Year Profit / Loss

2010/0000 Furniture & Fitting Fixed Assets Fixed Assets

2020/0000 Premises Fixed Assets Fixed Assets

3010/0000 Bank Current Assets Bank

3020/0000 Cash In Hand Current Assets Cash

3030/0000 Subscription in Arrears Current Assets -

4000/0000 Subscription in Advance Current Liabilities -

4005/0000 Other Creditors Current Liabilities -

8010/0000 Member Subscription Other Revenue -

8020/0000 Entrance Fees Other Revenue -

8030/0000 Donation Other Revenue -

8040/0000 Ground Rent Other Revenue -

8050/0000 Locker Rent Other Revenue -

8060/0000 Social Activities Other Revenue -

9001/0000 Rent and Rates Expenditure -

9005/0000 Salaries & Wages Expenditure -

9010/0000 Telephone Charges Expenditure -

9015/0000 Water & Electricity Expenditure -

9020/0000 Printing & Stationery Expenditure -

9025/0000 Sundry Expense Expenditure -

9030/0000 Upkeep of Furniture & Fitting Expenditure -

9040/0000 Expenses of Social Activities Expenditure -



2. Following are the opening balances as at 01/01/2012:

(Go to General � Account Opening Balance)

Description Debit (RM) Credit (RM)

Accumulated Fund B/F 60,000.00

Furniture & Fitting 15,000.00

Premises 20,000.00

Bank 25,000.00

Cash In Hand 500.00

Subscription in Advance 500.00

60,500.00 60,500.00

3. Organise the batches as follows:

(General � Batch � Add � Sample� Yes � OK)



10 Bank Receipts Bank

20 Bank Payments Bank

30 Cash Receipts Cash

40 Cash Payments Cash

50 Journal Journal

4. Following are the transactions for January 2012

Bank Receipts – Jan’12


Date Description Bill No. Cheque No. Amount

01/01/2012 Ground Rent OR 2001 SBB420000 2,800.00

10/01/2012 Members Subscription OR 2002 PBB123410 3,500.00

11/01/2012 Donation OR 2003 RHB433210 1,000.00

31/01/2012 Entrance Fees OR 2004 PBB420003 1,200.00

31/01/2012 Members Subscription OR 2005 PBB441152 4,500.00

31/01/2012 Social Activities OR 2006 CBB545541 6,000.00

Bank Payments – Jan’12


Date Description Bill No. Cheque No. Amount

15/01/2012 Desks and Chairs (F&F) BPV 1001 PBB355001 1,000.00

15/01/2012 Rental BPV 1002 PBB355002 3,000.00

15/01/2012 Salaries BPV 1003 PBB355003 2,500.00

15/01/2012 Upkeep of Furniture & Fitting BPV 1004 PBB355004 500.00



15/01/2012 Water & Electricity BPV 1005 PBB355005 800.00

30/01/2012 Expenses of Social Activities BPV 1006 PBB355006 2,100.00

Cash Receipts – Jan’12


Date Description Bill No. Amount

01/01/2012 Members Subscription OR 8200 800.00

05/01/2012 Entrance Fees OR 8201 200.00

31/01/2012 Locker Rent OR 8202 450.00

Cash Payments – Jan’12


Date Description Bill No. Amount

31/01/2012 Cleaning Fee CPV 001 1,000.00

31/01/2012 Upkeep of Furniture & Fitting CPV 002 40.00

31/01/2012 Sundry Expenses CPV 003 1,000.00

31/01/2012 Stationery CPV 004 60.00

5. Experiments

i) Change the Bank Received from Members Subscription on 31/01/2012 from RM4,500.00 to

RM4,800.00.

ii) Change the Word “Other Revenue” to “ Income”

( Go to System � Administrative Tools � Account Group )

iii) Change the “Trading And Profit And Loss Account” to “Income And Expenditure Account”

“NET PROFIT/(LOSS) “ to “Accumulated Fund” and

“RETAINED PROFIT/(LOSS)” to “Accumulated Fund B/F”

( Go to General � Profit and Loss Account �Print � Edit Report Wording )

6. View the following information:

(i) Chart of Accounts;

(ii) Trial Balance as at 31/01/2012;

(iii) Trading And Profit & Loss for the month ended 31/01/2012;

(iv) Balance Sheet as at 31/01/2012;



Lesson 6

Objectives:

Learn how to:

(1) Set up GST code

(2) Transaction with GST

� Debtor Invoice

� Creditor Invoice

(3) View GST report

� GST Transaction Listing

� GST FORM 3

� Generate GAF

� GST Accrual report



ASSIGNMENT 6

Company Profile (System� General Setup � Company)

Company Name : Wonderful Sdn Bhd

R.O.C. No. : 234567-H

TAX No. : 345678

Address : 12 Jalan Permas Jaya 2/10, Taman Permas Jaya, 81100 Johor

Bahru

Accounting Year : 01/01/201x – 31/12/201x

Actual Starting Date : 01/11/201x


Ensure Account Format: XXXX/XXXX and GST entry is set up (System � General Setup � Options�select GST Format�MY)

1. Create a Sample Chart Of Account

(General � GL Accounts � Sample � � Trading Account � Generate � enter ‘admin’

user name & password � Login � Yes �OK)

2. Set up GST code

(General�Miscellaneous�GST� Sample �Select GST Output tax/Input tax A/C No. � Generate)

3. Maintain Debtors Accounts (Debtors � Debtor Maintenance � Add)

Debtor A/C Name Default GST

3000/A001 Apple Trading Sdn Bhd SR

3000/T002 Tomato Design Sdn. Bhd. ZR

3000/U001 United Co. Sdn Bhd SRI

4. Creditors Accounts (Creditors � Creditor Maintenance � Add)

Creditor A/C Name Default GST

4000/C001 Lee C.S. Sdn Bhd TX6

5. Add the following Nominal Accounts:

Some account codes may have already been set up. Check and set up new accounts as required.

(General � GL Accounts � Add)



6. Enter the following opening as at 31/10/201x (General � A/C Opening Balance)

Description Debit Credit

(RM) (RM)

Capital 23,000.00

Retained Earning 2,250.00

Apple Trading 8,300.00

United Co. S/B 3,300.00

Bank –PBB A/C 5,000.00

Cash 1,150.00

Stock 5,000.00

Lee C. S. Sdn Bhd 2,500.00

25,250.00 25,250.00

Note: Lock the opening balance.

7. The Company has two debtors and their Unpaid Bills till 31/10/201x are shown below

(Debtors � B/F Transaction � Add)

Date Account No. Bill No. Description Amount (RM)

01/09/201x 3000/A001 INV 7801 Sales 2,800.00

03/09/201x 3000/A001 INV 7802 Sales 1,900.00

18/10/201x 3000/A001 INV 7803 Sales 3,600.00

05/08/201x 3000/U001 INV 7804 Sales 1,850.00

29/08/201x 3000/U001 INV 7805 Sales 1,450.00

Note: Use the ‘List’ button to check whether there is difference between debtor opening balance and

total B/F transaction.

8. Generate Lee C. S. Sdn Bhd Outstanding Bills from opening balance

(Creditors � B/F Transaction � List � Generate �� Yes)

9. Generate a set of Batches for November 201x



10 Sales Sales

20 Purchases Purchase

30 Bank Bank

40 Cash Cash

50 Journal Journal

GL Number Account Name Account

Type

Account Group Classified

as

GST

Code

9050/0000 Vehicle Repairs

&Maintenance

P&L Expenditure - TXI



(Select� From Month = November to December � Year = 201X � Generate � Yes)

10. Enter the following transactions for the month of November 201x

(Debtors �Invoice � Add)

Date Description Ref.No. Amount GST type

01/11/201x Sales to Apple Trading INV 8920 1,230.00 SR

02/11/201x Sales to Tomato Design INV 8921 250.00 ZR

26/11/201x Sales to United Co. Pte Ltd INV 8922 1,000.00 SRI

28/11/201x Sales to Seng Tech INV 8923 USD 200.00 ZR

* Exchange Rate: 3.78

11. Enter the following transaction of Purchase (Creditors � Purchase Invoice � Add)

Date Description Ref No. Amount GST type

07/11/201x Lee C. S. S/B 8308 1,300.00 TX6

21/11/201x Lee C. S. S/B 8320 2,200.00 TX6

12. Enter the following transaction of Receive Payment

(Debtors �Receive Payment � Add)

Date Description Cheque No. Ref.No. Amount

28/12/201x Apple Trading PBB155661 OR0001 2,800.00

Pay For:INV7801

29/12/201x United Co. RHB224455 OR0002 1,850.00

Pay For:INV7804

30/12/201x Tomato Design. RHB221158 OR0004 250.00

Pay For:INV8921

13. Create the following customer credit note:

On 23 Nov 201x, Issue a Credit Note No 100 to United Co. due to overcharges RM100 for the Invoice No. INV7805

(Debtors � Credit Note � Add)

14. Enter the following Petty Cash Transactions:




Petty Cash Voucher No.

Date Details Amount RM Tax

PCV 100

18-11-1x

Office Stationery

58.50

Including tax

PCV 101

18-11-1x

DHL Courier

148.40

Including tax

PCV 102

18-11-1x

Coffee & Sugar

45.00

Zero-rated

15. Enter the following Bank Transactions:


Reference No Date Details Amount RM Tax

RH100004

10-12-1x

Fire Insurance No. 8899

212.00

Including GST 6%

RH100005

12-12-1x

No. 1234 Van repairs

550.00

Excluding GST 6%

RH100006

14-12-1x

Forward Telecom Telephone bill

358.00

Including GST 6%

RH100007

16-12-1x

Advertising No. 3344

215.00

Including GST 6%

RH100008

18-12-1x

Paid Mr Chin Dec 201x Commission

400.00

Out of Scope (N-T)

RH100009

22-12-1x

Shop Rent Dec 201x No 12933

1,200.00

Excluding GST 6%

RH100012

27-12-1x

Accounting Fees No 4455 Dec 201x

600.00

Excluding GST 6%

RH100015

30-12-1x

Sosco Dec 201x

25.90

Out of Scope (N-T)

RH100016

30-12-1x

EPF Dec 201x

288.00

Out of Scope (N-T)



ANSWERS FOR LESSON

* All the provided answers are for reports printed after the experiments / adjustments.

LESSON 1





LESSON 2







LESSON 3





LESSON 4







LESSON 5







APPENDIX I: SAMPLE CHART OF ACCOUNT

TRADING COMPANY

Account Description Account Type Account Group Classified As

1000/0000 Capital Balance Sheet Capital & Reserves -

1020/0000 Drawing Balance Sheet Capital & Reserves -

1050/0001 Retained Profit / (Loss) Balance Sheet Capital & Reserves Retained Earning

1050/0002 Current Year Profit / (Loss) Balance Sheet Capital & Reserves Current Year Profit / (Loss)

2010/0000 Furniture & Fitting Balance Sheet Fixed Assets Fixed Assets

2010/0005 Accum. Depn. – Furniture & Fitting Balance Sheet Fixed Assets Accumulated Depreciation

2020/0000 Office Equipment Balance Sheet Fixed Assets Fixed Assets

2020/0005 Accum. Depn. – Office Equipment Balance Sheet Fixed Assets Accumulated Depreciation

2030/0000 Motor Vehicle Balance Sheet Fixed Assets Fixed Assets

2030/1000 Motor Vehicle – JEL 5368 Balance Sheet Fixed Assets Fixed Assets

2030/1050 Accum. Depn. – M/V JEL5368 Balance Sheet Fixed Assets Accumulated Depreciation

2030/2000 Motor Vehicle – JFL 613 Balance Sheet Fixed Assets Fixed Assets

2030/2050 Accum. Depn. – M/V JFL 613 Balance Sheet Fixed Assets Accumulated Depreciation

3000/0000 Trade Debtors Balance Sheet Current Assets Debtor

3005/0000 Other Debtors Balance Sheet Current Assets -

3010/0000 Bank – PBB Balance Sheet Current Assets Bank

3020/0000 Cash In Hand Balance Sheet Current Assets Cash

3030/0000 Stock Balance Sheet Current Assets Closing Stock

3040/0000 Deposit & Prepayment Balance Sheet Current Assets -

3040/1000 Deposit – Water & Electricity Balance Sheet Current Assets -

3040/2000 Prepayment – Insurance Balance Sheet Current Assets -

4000/0000 Trade Creditors Balance Sheet Current Liabilities Creditor

4005/0000 Other Creditors Balance Sheet Current Liabilities -

4010/0000 Accruals Balance Sheet Current Liabilities -

4020/0000 H. P. Creditors -PBB FINANCE (JFL 613) Balance Sheet Current Liabilities -

4030/0000 Term Loan – MBB BANK Balance Sheet Current Liabilities -

5000/0000 Sales P&L Revenue Sales

5010/0000 Return Inwards P&L Revenue Sales Adjustment

5020/0000 Discount Allowed P&L Revenue Sales Adjustment

6000/0000 Opening Stock P&L Cost Of Goods Sold Opening Stock

6010/0000 Purchases P&L Cost Of Goods Sold Purchases



6020/0000 Carriage Inwards P&L Cost Of Goods Sold Purchases Adjustment

6030/0000 Closing Stock P&L Cost Of Goods Sold Purchases Adjustment

9010/0000 Advertisement P&L Expenditure -

9020/0000 Bank Charges P&L Expenditure -

9030/0000 Depreciation of Fixed Assets P&L Expenditure -

9040/0000 Salaries P&L Expenditure -

9050/0000 Travelling P&L Expenditure -

9060/0000 Upkeep of Motor Vehicle P&L Expenditure -

9070/0000 Printing & Stationery P&L Expenditure -

9080/0000 Rental P&L Expenditure -

9090/0000 Water & Electricity P&L Expenditure -

9100/0000 Telephone Charges P&L Expenditure -

9110/0000 EPF Contribution P&L Expenditure -

9120/0000 SOCSO Contribution P&L Expenditure -

9900/0000 Taxation P&L Expenditure -



MANUFACTURING COMPANY


1000/0000 Capital Balance Sheet Capital & Reserves -

1050/0001 Retained Profit / (Loss) Balance Sheet Capital & Reserves Retained Earning

1050/0002 Current Year Profit / (Loss) Balance Sheet Capital & Reserves Current Year Profit / (Loss)

2000/0000 Fixed Assets Balance Sheet Fixed Assets Fixed Assets

2000/1000 Furniture & Fitting Balance Sheet Fixed Assets Fixed Assets

2000/1050 Accum. Depn. – Furniture & Fitting Balance Sheet Fixed Assets Accumulated Depreciation


2000/2050 Accum. Depn. –Office Equipment Balance Sheet Fixed Assets Accumulated Depreciation

2000/3000 Motor Vehicle – JEL 5368 Balance sheet Fixed Assets Fixed Assets

2000/3050 Accum. Depn. – M/V JEL5368 Balance Sheet Fixed Assets Accumulated Depreciation

2000/4000 Plant & Machinery Balance Sheet Fixed Assets Fixed Assets

2000/4050 Accum. Depn. – Plant & Machinery Balance Sheet Fixed Assets Accumulated Depreciation

2000/5000 Factory Equipment Balance Sheet Fixed Assets Fixed Assets

2000/5050 Accum. Depn. – Factory Equipment Balance Sheet Fixed Assets Accumulated Depreciation

2010/0000 Goodwill Balance Sheet Fixed Assets -

3000/0000 Trade Debtors Balance Sheet Current Assets Debtor

3005/0000 Other Debtors Balance Sheet Current Assets -

3010/0000 Bank – PBB Balance Sheet Current Assets Bank

3020/0000 Cash In Hand Balance Sheet Current Assets Cash

3030/0000 Stock Balance Sheet Current Assets Closing Stock

3030/1000 Stock – Raw Material Balance Sheet Current Assets Closing Stock

3030/4000 Stock – Packing Material Balance Sheet Current Assets Closing Stock

3030/5000 Stock – Work In Progress Balance Sheet Current Assets Closing Stock

3030/6000 Stock – Finished Goods Balance Sheet Current Assets Closing Stock

3040/0000 Deposit & Prepayment Balance Sheet Current Assets -

3040/1000 Deposit – Water & Electricity Balance Sheet Current Assets -

3040/2000 Deposit – Telephone Balance Sheet Current Assets -

3040/3000 Prepayment – Insurance Balance Sheet Current Assets -

3050/0000 Fixed Deposit – PBB (1-458722-23) Balance Sheet Current Assets -

4000/0000 Trade Creditors Balance Sheet Current Liabilities Creditor

4005/0000 Other Creditors Balance Sheet Current Liabilities -

4010/0000 Accruals Balance Sheet Current Liabilities -

4020/0000 H. P. Creditor - PBB FINANCE (JFL 613)Balance Sheet Current Liabilities -

4030/0000 Term Loan – MBB BANK Balance Sheet Current Liabilities -




5010/0000 Return Inwards P&L Revenue Sales Adjustment

5020/0000 Discount Allowed P&L Revenue Sales Adjustment

6000/0000 Opening Stock – Finished Goods P&L Cost Of Goods Sold Opening Stock

6010/0000 Closing Stock – Finished Goods P&L Cost Of Goods Sold Closing Stock

7000/0000 Manufacturing Account P&L Cost Of Goods Sold Cost Of Goods

Manufactured

7000/1000 Raw Material P&L Cost Of Goods Manufactured -

7000/1010 Opening Stock – Raw Material P&L Cost Of Goods Manufactured Opening Stock

7000/1020 Purchase Of Raw Material P&L Cost Of Goods Manufactured Purchases

7000/1030 Carriage Inwards P&L Cost Of Goods Manufactured -

7000/1040 Customs Duties P&L Cost Of Goods Manufactured -

7000/1050 Closing Stock – Raw Material P&L Cost Of Goods Manufactured Closing Stock

7000/2000 Direct Labour P&L Cost Of Goods Manufactured -

7000/2010 Production Wages P&L Cost Of Goods Manufactured -

7000/2020 E. P. F. Contribution P&L Cost Of Goods Manufactured -

7000/2030 Socso Contribution P&L Cost Of Goods Manufactured -

7000/3000 Factory Overhead P&L Cost Of Goods Manufactured -

7000/3010 Factory Rental P&L Cost Of Goods Manufactured -

7000/3020 Factory Expenses P&L Cost Of Goods Manufactured -

7000/3030 Water & Electricity (Factory) P&L Cost Of Goods Manufactured -

7000/3040 Depn. Plant & Machinery P&L Cost Of Goods Manufactured -

7000/3050 Upkeep of Factory Machinery P&L Cost Of Goods Manufactured -

7000/3060 Upkeep of Factory Equipment P&L Cost Of Goods Manufactured -

7000/3070 Security Charges P&L Cost Of Goods Manufactured -

7000/4000 Packing Material P&L Cost Of Goods Manufactured -

7000/4010 Opening Stock–Packing Material P&L Cost Of Goods Manufactured Opening Stock

7000/4020 Purchase of Packing Material P&L Cost Of Goods Manufactured Purchases

7000/4030 Closing Stock–Packing Material P&L Cost Of Goods Manufactured Closing Stock

7000/5000 Work-In-Progress P&L Cost Of Goods Manufactured -

7000/5010 Opening – Work-In-Progress P&L Cost Of Goods Manufactured Opening Stock

7000/5020 Closing – Work-In-Progress P&L Cost Of Goofs Manufactured Closing Stock

8000/0000 Fixed Deposit Interest Received P&L Other Revenue -

8010/0000 Gain on Disposal Of Fixed Assets P&L Other Revenue -

9000/0000 Admin. Selling & General Exp. P&L Expenditure -

9000/0005 Advertisement P&L Expenditure -

9000/0100 Audit Fee P&L Expenditure -

9000/0150 Bonus P&L Expenditure -

9000/0200 Bank Interest & Charges P&L Expenditure -



9000/0250 Director’s Remuneration P&L Expenditure -

9000/0300 Depreciation Of Fixed Assets P&L Expenditure -

9000/0350 Entertainment P&L Expenditure -

9000/0400 E.P.F. Contributions P&L Expenditure -

9000/0450 General Expenses P&L Expenditure -

9000/0500 Hire Purchase Interest P&L Expenditure -

9000/0550 License Fee P&L Expenditure -

9000/0600 Medical Fee P&L Expenditure -

9000/0650 Office Rental P&L Expenditure -

9000/0700 Office Refreshment P&L Expenditure -

9000/0750 Postages & Stamps P&L Expenditure -


9000/0850 Road Tax & Insurance P&L Expenditure -

9000/0900 Socso Contributions P&L Expenditure -

9000/0950 Secretarial Fee P&L Expenditure -

9000/1000 Staff Salaries & Allowances P&L Expenditure -

9000/1050 Travelling Expenses P&L Expenditure -

9000/1100 Telephone P&L Expenditure -

9000/1150 Upkeep of Motor Vehicle P&L Expenditure -




NON-PROFIT ORGANISATION ACCOUNT


1000/0000 Accumulated Fund B/F Balance Sheet Capital & Reserves Retained Earning

1001/0000 Accumulated Fund Balance Sheet Capital & Reserves Current Year Profit / (Loss)

2010/0000 Motor Vehicle Balance Sheet Fixed Assets Fixed Assets

2010/0005 Accum. Depn. – Motor Vehicle Balance Sheet Fixed Assets Accumulated Depreciation


2020/0005 Accum. Depn. – Office Equipment Balance Sheet Fixed Assets Accumulated Depreciation

2030/0000 Office Renovation Balance Sheet Fixed Assets Fixed Assets

2030/0005 Accum. Depn. – Office Renovation Balance Sheet Fixed Assets Accumulated Depreciation

3010/0000 Bar Stock Balance Sheet Current Assets Closing Stock

3020/0000 Subscription In Arrears Balance Sheet Current Assets -

3030/0000 Cash At Bank Balance Sheet Current Assets Bank

4000/0000 Bar Creditor Balance Sheet Current Liabilities Creditor

4010/0000 Subscription In Advance Balance Sheet Current Liabilities -


6000/0000 Opening Stock P&L Cost Of Goods Sold Opening Stock

6010/0000 Purchases P&L Cost Of Goods Sold Purchases

6020/0000 Closing Stock P&L Cost Of Goods Sold Closing Stock

8010/0000 Member Subscription P&L Other Revenue -

8020/0000 Entrance Fees P&L Other Revenue -

8030/0000 Donation P&L Other Revenue -

8040/0000 Grand Ball Receipts P&L Other Revenue -

8050/0000 Ground Rent P&L Other Revenue -

8060/0000 Locker Rent P&L Other Revenue -

9010/0000 Rent And Rates P&L Expenditure -


9030/0000 Affiliation Subscription P&L Expenditure -


9050/0000 Salaries & Wages P&L Expenditure -

9060/0000 Lighting P&L Expenditure -

9070/0000 Prizes P&L Expenditure -

9080/0000 Sundry Expenses P&L Expenditure -

9090/0000 Telephone Charges P&L Expenditure -

9100/0000 Office Maintenance P&L Expenditure -

9110/0000 Depreciation P&L Expenditure -

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