Project Work FAR100

8/22/2019 Project Work FAR100

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CONTENTS

BIL. CONTENTS PAGES1. Contents 1

2. Acknowledgement 2

3. Businesss Introduction 3

4. Businesss Background 4

5. Transaction 7

6. Document 10

7. Journal 32

8. Ledger 35

9. Trial Balance 44

10. Income Statement 45

11. Financial Statement 46

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ACKNOWLEDGEMENT

Alhamdulillah...

This project assignment can we perform perfectly and launch with help and cooperation from

several parties. Besides that, we want to appreciate to all people that gave some cooperation to us to be able

complete this assignment. With full support from our lecturer, En. Amir Hakim, we wish a lot of thank to he

and appreciate it. Furthermore, we also want to appreciate to our group members and classmates that gave

some helps, information and cooperation. Lastly, we can be able to complete this assignment with the efforts

of some parties that willing to help us. We would like to wish a lot of thankful again to all people that help

me.

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Business Introduction

I have organised Al-IkhlAss business on 1st January 2012 with capital as RM50000. My business is a sole

proprietorship form that sells football and futsal goods such as jersey, futsal shoes and ball. This business

aided by two experienced workers that paid salaries RM800 monthly.

I prefer to choose this type of business that sells sports items because of:

(i) lack of business that sells sports items at the location of the business,

(ii) highest demand among the community(iii) support Ministry of Sports and Youth to increase national sports quality

I believe that with organize this sole proprietorship business that sells sports items. I can get the valuable

profit and get highest demand of the community.

I understand with involving this form of business that sells sports items; I will face with many challengers

such as competitors, and responsible for all cost and loss

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Businesss Background

4

I. Businesss Name Al-IkhlAs

II. Owners Name Rozaimi Abd. Rahman

III. Location/ Address Lot No. 238 & 239,

2nd Floor, The Curve, No. 6

Jalan PJU 7/3, Mutiara Damansara,

47800 Petaling Jaya.

SelangorIV. Tel. Number 03-3578 1009 / 013-3578472

V. Activity of the Business To buy, sell and serve sports enthusiast in

getting world class productsVI. Accounting Period 1 January 2012 until 31 December 2012

VII. Operating Hours 10.00 am. 10.00 pm. (12 hours)

VIII. Businesss Capital RM100 000

IX. Total Workers 2

X. Forms of Business Sole Proprietorship

XI. Name and bank

address of the business

Ultras Malaya Bank Bhd,

Lot 7, Lorong Utara A, Section 33,

46200 Petaling Jaya,

SelangorXII. Bank Account Number 33109741710995


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List Name and Address of Supplier

5

Credit Transaction

Supplier 1 Supplier 2

Nike Holdings,277A, Jalan Raja Harun,

43000 Kajang,

Selangor.

Tel: 03-87367890 Fax: 03-87360001

Adidas Bhd,1 Sentral, Jalan Stesen, Sentral 5,

50470 KL Sentral ,

Kuala Lumpur

Tel: 03-2772 7258


Puma Enterprise,

No. 8, Jalan PJU 8/8A,

Bandar Damansara Perdana,


SelangorTel: 03-7726 0003 Fax: 03-7726 2121

-


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Cash Transaction


FAM.com Trading,

Wisma FAM.com,

Jalan SS7A/9,47301 Kelana Jaya,

Selangor

Tel: 03-7873 3100 Fax: 03-7875 7984

Goal. my,

A6 Black A, Plaza Dwitasik,

Jalan 5/106, Bandar Sri Permaisuri,56000 Kuala Lumpur.

Tel: 03-9172 6079 Fax: 03-9172 6078

List Name and Address of Receivables

Credit Transaction

Receivables 1 Receivables 2

Star Sports Trading,

No 101,

Jalan 2/3A, Pusat Bandar Utama,

68100 Selayang,

Selangor.

03-5174 9727

MP3 Sports Centre,

Lot No 1,

Jalan Sungai Chua,

43000 Kajang,

Selangor.

03-3252 7189

Receivables 3 Receivables 4MISA Centre, PES Malaysia,

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No. 70 & 71,

Jalan Manis 4, Taman Segar,

56100 Kuala Lumpur

03-3814 7724

Level 1 & 2,

Podium Block, 110A,

Menara Atlan, Jalan Ampang,

50450 Kuala Lumpur.

03-3949 4795

Cash Transaction

Receivables 1 Receivables 2

Young Tigers Team,

Wisma YT MAS,

Jalan HM7A/8,

47301 Kelana Jaya,

Selangor

En. Nazmi Fahmi,

No. AC 21,

Jalan Tun Mohd Fuad,

Taman Tun Dr. Ismail,

60000 Kuala Lumpur.

7


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Transaction

Bil. Date Transaction Document Element

1. January

1

Rozaimi started the business by invested RM110 000 capital which are RM50

000 for cash, RM50 000 for Land and Building and RM10 000 for Inventory.

Memo Capital

2. 1 Al-IkhlAs deposits RM40 000 cash into a bank account Deposits Slip Capital

3. 2 Bought Furniture by cheque from TDK Furniture Bhd. RM2 500 Cheque Butt Purchase of Non

Current Assets

4. 3 Bought goods on credit from Nike Holdings RM15 000, offered 10% of trade

discount and terms of 4/15, net 30

Purchase Invoice Credit Purchase

5. 4 Rozaimi made a loan RM15 000 from Ultras Malaya Bank. Credit Information Non Current

Liabilities

6. 5 Purchase Fixtures and Fittings f rom Energy Star Company and paid with

cheque RM3 000

Cheque Butt Purchase of Non

Current Assets

7. 7 Purchase goods with cash from FAM.com Trading RM1 000 Cash Bill Cash Purchase

8. 8 Purchase goods on credit from Adidas Bhd. RM5 000, offered 10% of trade

discount

Purchase Invoice Credit Purchase

9. 9 Bought goods from Goal. my RM2 000 and paid with cheque Cash Bill Cash Purchase

10. 9 Sold goods to Star Sports Trading on credit RM7 000, gave 10% of trade

discount

Sales Invoice Credit Sales

11. 10 Purchase goods on credit from Puma Enterprise RM9 000, terms 10/14, net 30 Purchase Invoice Credit Purchase

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12. 11 Paid a cheque to Nike Holdings with full amount. Official Receipts Payment to

SupplierDiscount received RM540

14. 12 Sold goods to MP3 Sports Centre on credit RM4 400 with term 5/10, net 30 Sales Invoice Credit Sales

15. 13 Paid RM500 for Insurance by a cheque Cheque Butt Payment of

Expenses

16. 14 Sold goods on credit to MISA Centre RM6 400 with terms 5/10, net 30 Sales Invoice Credit Sales

17. 15 Sold goods on credit to PES Malaysia RM6 600, gave 10% of trade discount Sales Invoice Credit Sales

18. 16 Paid advertising with cheque RM1 000 Cheque Butt Payment of

Expenses

19. 17 Made cash sale to Young Tigers Team RM3 100 Cash Bill Cash Sales

20. 18 Paid to Puma Enterprise. with full amount Official Receipts Payment to

SupplierDiscount received RM900

22. 18 Made cash sale to En. Nazmi Fahmi RM1 000 Cash Bill Cash Sales

23. 19 Received a cheque from MP3 Spots Centre with full amount Official Receipts Payments by

ReceivablesDiscount allowed RM220

25. 23 Received a cheque from MISA Centre with full amount Official Receipts Payments by

ReceivablesDiscount allowed RM320

27. 27 Paid electricity bill RM500 with cash. Payment Voucher Payment of

Expenses

28. 28 Paid salaries to workers RM800 each with cash. Payment Voucher Payment of

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Expenses

29. 28 PES Malaysia returned some goods which were damaged worth RM600. Credit Note Sales Return.

30. 29 Rozaimi withdrew goods RM50 and some cash RM100 for personal use.Memo

Drawings

31. 30 Rozaimi made another loan from Ultras Malaya Bank worth RM15 000. Credit Information Non Current

Liabilities

32. 30 Return goods to Adidas Bhd. worth RM1 000.Credit Note

Purchases Return

33. 31 Received RM800 cash for shop rent. Official Receipt Revenue Received

34. 31 Received commissions income RM500 by cash from Puma Enterprise. Official Receipt Revenue Received

10


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DOCUMENT

DOCUMENT 1

11

MEMO No.: 110

Al-IkhlAs,

Lot No. 238 & 239,

2nd Floor, The Curve, No. 6,



Selangor.

Date : 1 January 2012

Reminder :

Owner (Rozaimi Abd Rahman) started his business by invested

RM100 000 to his business which are RM50 000 for cash, RM50 000

for Land and Buildings and RM10 000 for Inventory.

Rozaimi Abd.Rahman

Manager


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DEPOSIT SLIP


Name : Al-IkhlAs Account Number : 33109741710995

RM100 RM50 RM10 RM15 Cent TOTAL

400 - - - - 40 000 00

Ringgit Malaysia : Forty Five Thousand Only

FOR BANK USES Checked By : Approved By :

Aidil Farhan

DOCUMENT 2

12


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DOCUMENT 3

INVOICE C4070

Nike Holdings,

277A, Jalan Raja Harun,

43000 Kajang, Selangor.

Tel: 03-87367890 Fax: 03-87360001

To: Date: 3 January 2012

Al-IkhlAs

13

Date: 2 January 2012 .

Receiver: TDK Furniture Bhd. .

For: Bought Furniture .

Final Balance

Deposit

Total

This Cheque

Balance

No: 232000

Ringgit Cent

40 000 00

- -

40 000 00

2 500 00

37 500 -


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Lot No. 238 & 239,




Selangor

03-3578 1009 / 013-3578472

Ref.No.

Details Quantity Price perunit/

RM

Total/RM

A110 Ball 150 40 0

0

6,000 00

C320 Shoes 150 50 0

0

7,500 00

D400 Sports Accessories 150 10 0

0

1,500 00

15,000 00

Minus : Trade Discount 10% 1,500 00

Total 13,500 00Ringgit Malaysia Thirteen Thousand and Five Hundred only.

Term 4% of 15 days

Rozaimi Abd. Rahman ShahrulReceivable Sign Manager Sign

DOCUMENT 4



46200 Petaling Jaya,Selangor

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CREDIT INFORMATION Date : 04 January 2012

Account No. : 33109741710995

To :

Al-IkhlAs,

Lot No. 238 & 239,


Jalan PJU 7/3, Mutiara Damansara,47800 Petaling Jaya,

Selangor.

Please take note that we are crediting your account as follow :

Total: Fifteen thousand only .

Note: Bank loan .

RM 15 000.00

Hakim AhmadManager

DOCUMENT 5

15


Receiver: Energy Star Company .

For: Bought Fixtures And Fittings .

Final Balance

Deposit

TotalThis Cheque

Balance

No: 234000

Ringgit Cent

52 500 00

- -

52 500 00

3 000 00

49 500 00


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DOCUMENT 6

CASH BILL B 1750

FAM.com Trading,

Wisma FAM.com,

Jalan SS7A/9,

47301 Kelana Jaya,Selangor

Tel: 03-7873 3100 Fax: 03-7875 7984

To : Date: 7 Jan 2012

Al-IkhlAs

Lot No. 238 & 239,




Selangor

03-3578 1009 / 013-3578472

No. Details Quantity Price per unit/

RM

Total/

RM

1 Sports Apparel 50 10 00 500 00

2 Sports

Accessories

50 10 00 500 00

Total 1000 00

Ringgit Malaysia One Thousand Only.

Cash / Cheque

Sazali HassanManager

DOCUMENT 7

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INVOICE C2190

Adidas Bhd,

1 Sentral, Jalan Stesen, Sentral 5,50470 KL Sentral

Kuala Lumpur

Tel: 03-2772 7258

To:

Al-IkhlAs

Lot No. 238 & 239,




Selangor03-3578 1009 / 013-3578472 Date: 8 Jan 2012

Ringgit Malaysia Four thousand and five hundred only.

Rozaimi Abd. Rahman IrfanReceivable Sign Manager Sign

DOCUMENT 8

17

Ref.

No.

Details Quantity Price per unit/

RM

Total/

RM

A150 Sports Apparel 200 20 0

0

4,000 00

D440 Sports Accessories 100 10 0

0

1,000 00

5,000 00

Minus : Trade Discount 10% 500 00

Total 4,500 00


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DOCUMENT 6

DOCUMENT 9

18

CASH BILL B 2270

Goal. my,

A6 Black A, Plaza Dwitasik,

Jalan 5/106, Bandar Sri Permaisuri,

56000 Kuala Lumpur.

Tel: 03-9172 6079 Fax: 03-9172 6078

To : Date: 9 Jan 2012

Al-IkhlAsLot No. 238 & 239,




Selangor

03-3578 1009 / 013-3578472

No

.

Details Quantity Price per

unit/

RM

Total/

RM

1 Ball 50 30 00 1,500 002 Sports

Accessories

50 10 00 500 00

Total 2,000 00

Ringgit Malaysia Two Thousand only.

Cash / Cheque : No. MBB 452123

Ida YanieManager


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INVOICE A1100

Al-IkhlAs,

Lot No. 238 & 239,




Selangor

03-3578 1009 / 013-3578472

To:

Star Sports Trading,

No 101,

Jalan 2/3A, Pusat Bandar Utama,

68100 Selayang,

Selangor.

03-5174 9727 Date: 9 January 2012

Ref.

No.


unit/

RM

Total/

RM

S750 Shoes 100 55 0

0

5,500 00

T130 Sports Accessories 100 15 0

0

1,500 00

7,000 00

Minus : Trade Discount 10 % 700 00

Total 6,300 00

Ringgit Malaysia Six Thousand and Three Hundred only.

Izzat Farhan Rozaimi Abd.

RahmanReceivable Sign Manager Sign

19


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DOCUMENT 10

INVOICE C3750

Puma Enterprise,




Selangor

Tel: 03-7726 0003 Fax: 03-7726 2121

To:

Al-IkhlAs

Lot No. 238 & 239,




Selangor

03-3578 1009 / 013-3578472 Date: 10 Jan 2012

Ref.

No.


RM

Total/

RMA170 Sports Apparel 150 20 0

0

3,000 00

D450 Shoes 150 40 0

0

6,000 00

Total 9,000 00

Ringgit Malaysia: Nine thousand only.

Term of 10% of 14 days

Rozaimi Abd. Rahman Khairul Fahmi

Receivable Sign Manager Sign

DOCUMENT 11

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No.: 1501

OFFICIAL RECEIPTS

Nike Holdings,

277A, Jalan Raja Harun,


Tel: 03-87367890 Fax: 03-87360001

Tarikh: 11 Ogos 2010

Rec. From: Al-IkhlAs , .

Ringgit: Two Thousand, Nine Hundred and Sixty Ringgit

only (Discount Received RM540 .

Pay For: Fully debt on 3 January 2012 .

RM 12 960.00

Cash /Cheque No: 236000

Shahrul

Manager

DOCUMENT 12

INVOICE A1101

Al-IkhlAs,

Lot No. 238 & 239,

2nd Floor, The Curve, No. 6,Jalan PJU 7/3, Mutiara Damansara,

47800 Petaling Jaya, Selangor

03-3578 1009 / 013-3578472

To:

MP3 Sports Centre,

Lot No 1,

Jalan Sungai Chua,


03-3252 7189 Date: 12 Jan 2012

Ref.

No.


unit/

RM

Total/

RM

R370 Ball 20 45 0

0

900 00

U590 Sports Apparel 140 25 0

0

3,500 00

Total 4,400 00

Ringgit Malaysia Four Thousand and Four Hundred only.

Term 5% of 10 days

21


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Safiq Rahim Rozaimi Abd.Rahman

Receivable Sign Manager Sign

DOCUMENT 13

DOCUMENT 14

INVOICE A1102 Al-IkhlAs,

Lot No. 238 & 239,

22


Receiver: Insurance Company .

For: Payment Insurance .

Final Balance

Deposit

Total

This Cheque

Balance

No: 236000

Ringgit Sen

34540 00

- -

34540 00

1 500 00

33040 00


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03-3578 1009 / 013-3578472

To:

MISA Centre,

No. 70 & 71,Jalan Manis 4, Taman Segar,

56100 Kuala Lumpur

03-3814 7724 Date: 14 Jan 2012

Ref.

No.


RM

Total/

RM

R370 Ball 20 45 0

0

900 00

S750 Shoes 100 55 0

0

5,500 00

Total 6,400 00Ringgit Malaysia Six Thousand and Four Hundred only.

Terms 5% of 10 days

Fakhrul Fidaiy Rozaimi Abd. RahmanReceivable Sign Manager Sign

DOCUMENT 15

INVOICE A1103

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Al-IkhlAs,

Lot No. 238 & 239,




03-3578 1009 / 013-3578472

To: Date: 15 Jan 2012PES Malaysia,

Level 1 & 2,

Podium Block, 110A,


50450 Kuala Lumpur.

03-3949 4795

Ref.

No.


unit/

RM

Total/

RM

R370 Ball 30 45 00

1,350 00

T130 Sports Accessories 150 15 0

0

2,250 00

U590 Sports Apparel 120 25 0

0

3,000 00

6,600 00

Minus : Trade Discount 10% 660 00

Total 5,940 00

Ringgit Malaysia Five Thousand, Nine Hundred and Forty only.

Syuri Rafiq Rozaimi Abd. RahmanReceivable Sign Manager Sign

DOCUMENT 16

24


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DOCUMENT 17

CASH BILL B1201

Al-IkhlAs,

Lot No. 238 & 239,



47800 Petaling Jaya, Selangor.

03-3578 1009 / 013-3578472

To :

Young Tigers Team,

Wisma YT MAS,

Jalan HM7A/8,

47301 Kelana Jaya,

Selangor Date:17 Jan 2012

25


Receiver: Best Board HD. .

For: Payment Advertising .

Final Balance

Deposite

Total

This cheque

Total

No: 237000

Ringgit Sen

33040 00

- -

33040 00

1000 00

32040 00


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RM

Total/

RM

1 Shoes 40 55 00 2,200 00

2 Ball 20 45 00 900 00

Total 3,100 00

Ringgit Malaysia Three Thousand and One Hundred only.

Cash / Cheque : No. MBB 813731

Ong Kim SweeManager

DOCUMENT 18

No.: 1701

OFFICIAL RECEIPTS

Puma Enterprise,




Tel: 03-7726 0003 Fax: 03-7726 2121

Date: 18 Ogos 2010

Receiver From : Al-IkhlAs ,

Ringgit : Eight Thousand and Hundred only ,

(Dis. Rec. RM 900) .

Pay For : Fully debt on 10 January 2012 .

RM 8 100.00


Rozaimi

Abd. RahmanManager

DOCUMENT 19

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CASH BILL B1202

Al-IkhlAs,

Lot No. 238 & 239,




Selangor.03-3578 1009 / 013-3578472

To :

En. Nazmi Fahmi,

No. AC 21,

Jalan Tun Mohd Fuad,

Taman Tun Dr. Ismail,

60000 Kuala Lumpur. Date:18 Jan 2012


RM

Total/

RM

1 Sports Apparel 40 15 00 600 002 Ball 10 40 00 400 00

Total 1,000 00

Ringgit Malaysia One Thousand only.

Cash / Cheque

Nazmi FahmiManager

DOCUMENT 20

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No.: 2001

OFFICIAL RECEIPTS

Al-IkhlAs,

Lot No. 238 & 239,



47800 Petaling Jaya, Selangor.03-3578 1009 / 013-3578472

Tarikh: 19 Ogos 2010

Receiver From: MP3 Sports Centre

Ringgit: Four Thousand, One Hundred and Eighty Ringgit only

Pay For: Fully debt on 12 January 2012 (Dis. All. RM220) .

RM 4 180.00


Safiq Rahim

Manager

DOCUMENT 21

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No.: 2002

OFFICIAL RECEIPTS

Al-IkhlAs,

Lot No. 238 & 239,



47800 Petaling Jaya, Selangor.03-3578 1009 / 013-3578472

Date: 23 January 2010

Receiver From: MISA Centre

Ringgit: Six Thousand and Eighty Ringgit only .

Pay For: Fully debt on 14 January 2012 (Dis. All. RM320)

RM 6 080.00

Cash /Cheque No: 239000Fakhrul

FidaiyManager

DOCUMENT 22

29

Date: 27 January 2012

Receiver: Al-IkhlAs

For: Payment Advertising

Final Balance

Deposite

Total

This Cheque

Balance

No: 238000

Al-IkhlAs, 05/01Lot No. 238 & 239,




03-3578 1009 / 013-3578472

PAYMENT VOUCHER

To : Date : 27 Jan 2012

Telekom Malaysia Berhad

Level 51, North Wing, Menara TM

Jalan Pantai Baru

50672 Kuala Lumpur

Malaysia.

No. Detail Total

RM

Recipient Sign.

1 Electricity Bill 500 00 Fandi Othman

Total 500 00

(Ringgit Malaysia: Four Hundred Only)

Cash / Cheque No: ..

Approved By :

Rozaimi Abd.Rahman

Ringgit Sen

36 700 00

- -

36 700 00

400 00

36 300 00


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DOCUMENT 23

30

Al-IkhlAs, 05/01

Lot No. 238 & 239,




03-3578 1009 / 013-3578472

PAYMENT VOUCHER

To : Date : 28 Jan 2012

En. Syazwan

No. Detail Total

RM

Recipient Sign.

1 Salaries for January Month 800 00 Syazwan

Total 800 00

(Ringgit Malaysia: Eight Hundred Only)



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DOCUMENT 24

31

Al-IkhlAs, 05/02

Lot No. 238 & 239,




03-3578 1009 / 013-3578472

PAYMENT VOUCHER

To : Date : 28 Jan 2012

En. Syazana

No. Detail Total

RM

Recipient Sign.

1 Salaries for January Month 800 00 Syazana

Total 800 00

(Ringgit Malaysia: Eight Hundred Only)



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32

CREDIT NOTE No.: CN 202

PES Malaysia,

Level 1 & 2,

Podium Block, 110A,


50450 Kuala Lumpur.

03-3949 4795

To : Date : 28 January 2012

Al-IkhlAs,

Lot No. 238 & 239,




Selangor.

Ref.

No.

Details Quantity Price Per

Unit

(RM)

Total

(RM)

T130 Sport Accessories 40 15 00 600 00

Total 600 00

(Ringgit Malaysia: Six hundred only.)

Note: Goods were damaged.

Syukri RafiqManager


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DOCUMENT 25

Document 26




Selangor

CREDIT INFORMATION Date : 30 January 2012

Account No. : 33109741710995

To :

33

MEMO No.: 111

Al-IkhlAs,Lot No. 238 & 239,




Selangor.


Account Clerk :

Encik Rozaimi withdrew goods RM50 and some cash RM100 for

his personal use.

Rozaimi Abd.Rahman

Manager


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Al-IkhlAs,

Lot No. 238 & 239,




Selangor.

Please take note that we are crediting your account as follow :

Total: Fifteen thousand only .

Note: Bank loan .

RM 15 000.00

Hakim AhmadManager

Document 27

34


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Document 28

35

CREDIT NOTE No.: CN 302

Al-IkhlAs,

Lot No. 238 & 239,




Selangor.03-3578 1009 / 013-3578472

To :

Adidas Bhd,

1 Sentral, Jalan Stesen, Sentral 5,

50470 KL Sentral ,

Kuala Lumpur

Tel: 03-2772 72


Ref.

No.

Details Quantity Price Per

Unit(RM)

Total

(RM)

T130 Sport Apparels 50 20 00 1000 00

Total 1000 00

(Ringgit Malaysia: One Thousand only.)

Note: Goods were damaged.

Rozaimi Abd.Rahman

Manager


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Document 29

Document 30

36

NO: 1502OFFICIAL RECEIPT


Receive From: Century Caf .

Total Amount: Eight hundred only .

Paid For: Paying shop rent .

RM 800.00

Cash/Cheque No.

Rozaimi Abd.Rahman Manager

NO: 1705

OFFICIAL RECEIPT


Receive From: Puma Enterprise .

Total Amount: Five hundred only .

Paid For: Commissions Income .

RM 500.00

Cash/Cheque No:

Rozaimi Abd.Rahman Manager


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JOURNAL

Date Pariculars Fol Debit Credit

2012 RM RM

Jan 1 Cash GL4 50000

Land and Buildings GL2 50000

Inventory GL3 10000

Capital GL1 110000

(Being Assets, Liabiliteis, and Capital at

Started of the business)110000 110000

Jan 4 Bank GL5 15000

Loan GL8 15000

(made a loan from Ultras Malaya Bank)

Jan 29 Drawing GL15 150

Purchases GL9 50

Cash GL4 100

(Withdrew goods and cash for personal use)

Jan 30 Bank GL5 15000

Loan GL8 15000

(made a loan from Ultras Malaya Bank)

GENERAL JOURNAL

37


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Date Particulars Fol Invoice No. Amount

2012 RM

Jan 3 Nike Holdings Trading PL1 C4070 13500

8 Adidas Bhd. PL2 C2190 450010 Puma Enterprise PL3 C3750 9000

31 Purchases Account 27000


Jan 30 Adidas Bhd. PL2 CN302 1000

31 Returns Outwards Account 1000


2012

Jan 9 Star Sports Trading SL1 A1100 6300

12 MP3 Sports Centre SL2 A1101 4400

14 MISA Centre SL3 A1102 6400

15 PES Malaysia SL4 A1103 5940

31 Sales Account 23040

Date Particulars Fol Credit Note

No.

Amount

2012

Jan 28 PES Malaysia SL4 CN202 600

31 Returns Inwards Account 600

PURCHASES JOURNAL

RETURNS OUTWARDS JOURNAL

SALES JOURNAL

RETURNS INWARDS JOURNAL

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Date Particulars Fol Discount

Received

Cash Bank

2012 RM RM

Jan 11 Nike Holdings Trading PL1 540 12960

18 Puma Enterprise PL3 900 8100

1440 21060

Date Particulars Fol Discount

Allowed

Cash Bank

2012 RM RM

Jan 19 MP3 Sports Centre SL2 220 4180

23 MISA Centre SL3 320 6080

540 10260

CASH PAYMENT JOURNAL

CASH RECEIPTS JOURNAL

40


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LEDGER

SL1

Date Particulars RM Date Particulars RM

2012 2012

Jan 9 Sales 6,300 Jan 31Balance c/d 6,300

Feb 1 Balance b/d 6,300

SL2


2012 2012

Jan 12 Sales 4,400 Jan 19 Bank 4,180

19 Discount Allowed 220

4,400 4,400

SL3

Date Particulars RM Date Particulars RM2012 2012

Jan 14 Sales 6,400 Jan 23 Bank 6,080

Discount Allowed 320

6,400 6,400

SL4


2012 2012

Jan 15 Sales 5,940 Jan 28 Returns Inwards 600

31 Balance c/d 5,340

5,940 5,940


SALES LEDGER

Star Sports Trading

MP3 Sports Centre

MISA Centre

PES Malaysia

41


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PL1


2012 2012

Jan 11 Bank 12,960 Jan 3 Purchases 13,500

11 Discount Received 540

13500 13,500

PL2


2012 2012

Jan 30 Returns Outwards 1,000 Jan 8 Purchases 4,500


4,500 4,500


PL3


2012 2012

Jan 18 Bank 8,100 Jan 10 Purchases 9,000

18 Discount Received 900

9,000 9,000

PURCHASES LEDGER

Nike Holdings

Puma Enterprise

Adidas Bhd.

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DC


2012 2012

Jan 31 Total Sales 23,040 Jan 31 Bank 10,260


Return Inwards 600

Baki h/b 11,640

23,040 23,040

Feb 1 Balance b/d 11640

CC


2012 2012

Jan 31 Bank 21,060 Jan 1 Total Creditors 27000

Discount Received 1440

Return Outwards 1000

Balance c/d 3,500

27,000 27,000


Account Payable Control Account

Account Receivable Control Account

CONTROL ACCOUNT

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GL1


2012 2012

Jan 31 Balance c/d 110,000 Jan 1 Balance b/d 110000Feb 1 Balance b/d 110,000

GL2


2012 2012

Jan 1 Balance b/d 50,000 Jan 31 Balance c/d 50,000


GL3


2012 2012

Jan 1 Balance b/d 10,000 Jan 31 Balance c/d 10,000


GL4


2012 2012

Jan 1 Balance b/d 50,000 Jan 1 Bank 40,000

17 Sales 3,100 7 Purchases 1,000

18 Sales 1,000 27 Electricity 500

31 Rent Income 800 28 Salaries 1,600

31 Commission Income 500 29 Drawings 100


55,400 55,400

ENERAL LEDGER

Capital

Land and Buildings

Cash

Inventory

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GL5


2012 2012

Jan 1 Cash 40,000 Jan 2 Furniture 2,500

4 Loan 15,000 5 Fixture and Fittings 3000

19 MP3 Sports Centre 4,180 9 Purchases 2000

23 MISA Centre 6,080 11 Nike Holdings 12,960

30 Loan 15,000 13 Insurance 1500

16 Advertising 1000

18 Puma Enterprise 8,100

31 Balance c/d 49200

80,260 80,260


GL6


2012 2012

Jan 2 Bank 2,500 Jan 31 Balance c/d 2,500


GL7


2012 2012

Jan 5 Bank 3,000 Jan 31 Balance c/d 3,000


GL8

Date Particulars RM Date Particulars RM2012 2012

Jan 31 Balance c/d 30,000 Jan 4 Bank 15,000

30 Bank 15,000

30,000 30,000


Fixtures and Fittings

Furniture

Loan

Bank

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GL9


2012 2012

Jan 7 Cash 1,000 Jan 29 Drawings 50

9 Bank 2000 31 Balance c/d 29,95031 All Creditors 27000

30,000 30,000

GL10


2012 2012

Jan 31 Balance c/d 27,140 Jan 17 Cash 3,100

18 Cash 1,000

31 All Debtors 23,040

27,140 27,140


GL11Date Particulars RM Date Particulars RM

2012 2012

Jan 27 Cash 500 Jab 31Balance c/d 500


GL12


2012 2012Jan 2 Cash 1,600 Jab 31Balance c/d 1,600


GL13


2012 2012

Jan 13 Bank 1,500 Jab 31Balance c/d 1,500


Salaries

Insurance

Purchases

Sales

Elecricity Bill

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GL14


2012 2012

Jan 16 Bank 1,000 Jab 31Balance c/d 1,000


GL15


2012 2012

Jan 29 Purchases 50 Jan 31 Balance c/d 150

Cash 100

150 150


GL16


2012 2012

Jan 31 Balance c/d 800 Jan 31 Cash 800


GL17


2012 2012

Jan 31 Balance c/d 500 Jan 31 Cash 500


GL18


2012 2012

Jan 28 PES Malaysia 600 Jan 31 Balance C/d 600


Drawings

Rent Income

Commission Income

Advertising

Return Inwards

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GL19


2012 2012

Jan 31 Balance c/d 1,000 Jan 30 Adidas Bhd. 1,000Feb 1 Balance b/d 1,000

GL20


2012 2012

Jan 19 MP3 Sports Centre 220 Jan 31 Balance c/d 540

23 MISA Centre 320

540 540


GL21


2012 2012

Jan 31 Balance c/d 1,440 Jan 11 Nike Holdings 540

18 Puma Enterprise 900

1,440 1,440


Discount Received

Discount Allowed

Return Outwards

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TRIAL BALANCE

PARTICULARS FOLIO DT (RM) CT (RM)

Capital GL1 110000

Land and Buildings GL2 50000

Inventory GL3 10000

Cash GL4 12200

Bank GL5 49200

Furniture GL6 2500

Fixture and Fittings GL7 3000

Loan GL8 30000

Purchases GL9 29950

Sales GL10 27140

Electricity GL11 500

Salaries GL12 1600

Insurance GL13 1500

Advertising GL14 1000

Drawings GL15 150

Rent Income GL16 800Commission Income GL17 500

Return Inwards GL18 600

Return Outwards GL19 1000

Discount Allowed GL20 540

Discount Received GL21 1440

Account Receivable DC 11640

Account Payable CC 3500

JUMLAH 174380 174380

Al-IkhlAs

TRIAL BALANCE AS AT 31 Decenber 2012

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INCOME STATEMENT

RM RM RM

Sales 27140

- Return Inwards 600

Net Sales 26540

Less : Cost of Goods Sold

Opening Stock 10000

Purchases 29950

- Return Outwards 1000

Net Purchases 28950

Cost of Goods Available for Sale 38950

- Ending Stock 18400 20550

Gross Profit 5990

+ Revenues :

Rent Income 800

Commission Income 500Discount Received 1440 2740

8730

- Expenses :

Electricity 500

Salaries 1600

Insurance 1500

Advertising 1000


5140

Net Profit 3590

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR

ENDED 31 DECEMBER 2012

Al-IkhlAs

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FINANCIAL STATEMENT

RM RM RM

NON-CURRENT ASSETS

Land and Buildings 50000

Furniture 2500

Fixture and Fittings 3000

55500

CURRENT ASSETS

Ending Stock 18400

Account Receivable 11640

Cash 12200

Bank 49200

91440

146940

NON-CURRENT LIABILITY

Loan 30000

CURRENT LIABILITY

Account Payable 3500

OWNER'S EQUITY

Capital 110000

+ Net Profit 3590

113590- Drawings 150

113440

146940

STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2012Al-IkhlAs

Documents

Project Work FAR100