AA015 TRIAL PSPM KMKN 2019 2020 EDITED

AA015 TRIAL PSPM KMKN 2019 (2020 EDITED)
(85 MARKS)
QUESTION 1 (20 MARKS)
A. BankstatementofSeriBulanSdn.Bhd.forMay2017wasasfollows:
Penyata bank Seri Bulan Sdn. Bhd. bagi bulan Mei 2017 adalah seperti berikut :
Date
No. Cheque
Details
Debit RM
Credit RM
Balance RM
1 May
Balance b/f
123,000
3
Deposit
14,000
137,000
8
345678
3,500
133,500
12
345679
12,000
121,500
13
Deposit
4,900
126,400
15
345681
5,000
121,400
17
345682
3,400
118,000
22
Deposit
9,300
127,300
24
345684
900
126,400
27
345686
7,300
119,100
29
345687
13,700
105,400
30
345688
1,444
103,956
31
Bank charges
100
103,856
Cash book of Seri Bulan Sdn. Bhd for May 2017 showed the following information:
Buku Tunai Seri Bulan Sdn. Bhd bagi bulan Mei 2017 pula menunjukkan maklumat berikut :
May
1
3 10 12 20 25 30
i. ii.
Details
Balance b/f
Ali Bersaudara Aman Makmur Siti Enterprise Suci Sdn. Bhd. Zinni Enterprise Jit Ria Sdn. Bhd.
Cash Book ( Bank column)
No cheque
002244
993399
987654
663333
721878
421877
RM May
123,000 8 14,000 11 320 12 4,900 14 9,300 15 3,000 19 2,000 23 26 29 30
Details No cheque
RM
MPSJ 345678
REQUIRED :
i. Prepare the Bank Reconciliation Statement for Seri Bulan Sdn. Bhd. as at May 31, 2017.
Sediakan penyata penyesuaian bank bagi Seri Bulan Sdn. Bhd. pada 31 Mei 2017.
ii. Prepare adjusment journal entries for cash book. (explanatory ignore).
Sediakan catatan jurnal pelarasan ke atas buku tunai.(abaikan keterangan).
(7.5 marks)
( 6.5 marks)
1
3,500 12,000 5,700 5,000 3,400 1,600 9,000 Rental 345686 7,300
Purchase
Min Enterprise Halim Security Purchase Kasa Angkut Insurance
345679
345680
345681
345682
345683
345684
Cheque number 345684 had incorrect amount in
Zinni Enterprise’s cheque deposited on May 25, 2017 was returned by the bank.
Salary TNB Balance c/f
345687
345688
13,700 1,444 93,876
Cash Book.


B. Balance as at January 1, 2017 for Peniagaan Matahari :
Account receivable RM76,500 Allowance of doubtful account RM1,000
During the year ended December 31, 2017, Perniagaan Matahari recorded credit sales RM155,000, cash received from account receivable RM107,000 and sales return RM5,000. For 2017, Perniagaan Matahari estimates that the allowance for doubtful account is at 1.5 percent on the balance of the accounts receivable.
Pada tahun 2017, Perniagaan Matahari merekodkan jualan secara kredit RM155,000 dengan kutipan tunai RM107,000. Pulangan jualan RM 5,000. Pada tahun kewangan semasa, Perniagaan Matahari menganggarkan peruntukan hutang ragu adalah 1.5 peratus atas baki akaun belum terima.
REQUIRED :
i. Calculate ending balance of account receivable as at December 31, 2017.
Kirakan baki akhir akaun belum terima pada 31 Disember 2017.
(2.5 marks)
ii. Prepare journal entry to record adjustment related to accounts receivable as at December 31, 2017.(explanatory ignore)
Sediakan catatan jurnal untuk merekod pelarasan yang berkaitan dengan akaun belum terima pada 31 Disember 2017.
(3.5 marks)
Berikut adalah maklumat berkaitan jualan dan belian inventori bagi Perniagaan Cahaya Baru pada bulan April 2017.
QUESTION 2 (20 MARKS)
Below is the information on inventory of Perniagaan Cahaya Baru (PCB) for April 2017.
Date
Transaction
Unit
RM per unit
April 5
Sale
900
17.00
8
Purchase
800
14.00
12
Sale
600
18.00
15
Purchase
900
12.50
21
Sale
300
17.50
27
Sale
200
19.00
PCB uses perpetual inventory system with First In First Out (FIFO) method in calculating the cost of the inventory. Opening inventory was 1,000 units at a cost of RM12.50 per unit.
Perniagaan ini telah merekod inventori menggunakan sistem inventori berterusan dan kaedah masuk dahulu keluar dahulu(MDKD). Baki awal inventori adalah 1,000 unit pada harga RM 12.50 seunit.
REQUIRED :
i. Calculate the cost of goods sold and the cost of ending inventory as at April 30, 2017
Kirakan kos barang dijual dan kos inventori akhir pada 30 April, 2017.
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(12.5 marks)
ii. Prepare journal entries to record sale on April 5. (Assume all transactions on cash).
Sediakan catatan jurnal untuk merekod jualan pada 5 April. ( Andaikan semua urusniaga
secara tunai)
(5.5 marks)
iii. Calculate the cost of ending inventory if PCB uses periodic inventory system with weighted average method. ( Round up your answer to the nearest ringgit)
Kirakan kos inventori akhir sekiranya PCB menggunakan sistem berkala dengan kaedah purata wajaran. ( Bundarkan jawapan anda kepada ringgit yang hampir)
( 2 marks)
QUESTION 3 (20 MARKS)
The following information is obtained from the record of Perniagaan Permaisuri on January 1, 2016:
Berikut merupakan maklumat yang diperolehi daripada rekod Perniagaan Permaisuri pada 1 January 2016:
Vehicle(cost) Account RM 170,000
88,000 Tempoh perakaunan Perniagaan Permaisuri berakhir pada setiap 31 Disember.
Additional information :
Accumulated depreciation – vehicle
Perniagaan Permaisuri accounting period ends every December 31.
Date
Transaction
2016 June 2
Purchased equipment on cash. Information on costs of the equipment are as follows:
Membeli peralatan secara tunai. Maklumat berkaitan dengan kos peralatan
adalah seperti berikut:
Invoice price (Harga invois)
Sales tax (Cukai jualan)
Freight charge ( Caj pengangkutan) Installation cost (Kos pemasangan) Freight insurance (Insuran pengangkutan)
RM 50,000 3,000 1,500 1,000 500
August 1
Perniagaan Permaisuri purchased a new vehicle worth RM 35,000. This purchase was done by trade in one of the old vehicles which costed RM 30,000. The old vehicle was purchased on December 31, 2013. Perniagaan Permaisuri received a purchase-exchange allowance of RM 18,800. Payment was made in cash.
Perniagaan Permaisuri membeli sebuah kenderaan baharu berharga RM 35,000. Pembelian ini dilakukan dengan menukar salah satu kenderaan lama yang mempunyai nilai kos RM 30,000. Kenderaan lama dibeli pada 31 Disember 2013. Perniagaan Permaisuri menerima elaun tukar beli sebanyak RM 18,800. Bayaran dibuat secara tunai.
Depreciation of vehicle and equipment is at a rate of 10% per annum using the straight-line method. Depreciation was charged in the year of purchases and no depreciation was charged at the disposal year.
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Susutnilai kenderaan dan peralatan adalah pada kadar 10% setahun dengan menggunakan kaedah garis lurus. Susutnilai dikenakan mengikut tahun pembelian dan tiada susutnilai dikenakan pada tahun pelupusan.
REQUIRED :
i. Prepare journal entries to record the above transactions. (explanatory ignore)
Sediakan catatan jurnal untuk merekod urusniaga di atas. (abaikan keterangan)
(12 marks)
ii. Prepare adjustment entries to record depreciation expense for the year ended December 31, 2016. (explanatory ignore)
Sediakan catatan jurnal pelarasan untuk merekod belanja susutnilai bagi tahun berakhir 31 Disember 2016. (abaikan keterangan)
(8 marks)
QUESTION 4 (25 MARKS)
A. Perniagaan Kayu Manis borrowed RM 50,000 from Bank Perwira on 1 July 2016 by signing a note payable for one year at a rate of 10 per cent per annum. The financial year ends on December 31 of each year.
Perniagaan Kayu Manis telah meminjam RM 50,000 daripada Bank Perwira pada 1 Julai 2016 dengan menandatangani nota belum bayar selama setahun pada kadar faedah 10 peratus setahun. Tahun kewangan berakhir pada 31 Disember setiap tahun.
REQUIRED :
iii.
B. OnJanuary1,2016,PerniagaanChempakashowedthefollowingaccountbalances:
Pada 1 Januari 2016, Perniagaan Chempaka telah menunjukkan baki awal seperti berikut :
Pada 31 Disember 2016, baki akaun Perniagaan Chempaka adalah seperti berikut :
i. Prepare journal entry on July 1, 2016 (explanatory ignore).
Sediakan catatan jurnal pada 1 Julai, 2016. (Abaikan keterangan)
(2.5 marks)
ii. Prepare the adjusting journal on December 31, 2016 (explanatory ignore).
Sediakan catatan jurnal pada 31 Disember 31, 2016 (Abaikan keterangan)
Sediakan catatan jurnal pada tarikh matang pada 1 Julai 2017 (Abaikan keterangan)
(3.5 marks)
Prepare journal entry at mature date on 1 July 2017. (explanatory ignore).
(5.5 marks)
Total current assets
Total non-current assets
Total liabilities
Items
Jumlah aset semasa
Butiran
Jumlah aset bukan semasa
Jumlah liabiliti
As at December 31, 2016, Perniagaan Chempaka showed the following account balances:
RM
100,000
145,000
125,000
Account
Akaun
RM
Bank
Bank
110,000
Accounts receivable
Akaun belum terima
34,000
Prepaid insurance
Insurans prabayar
5,000
Inventory
Inventori
57,000
Equipment
Peralatan
46,000
Accumulated depreciation - equipment
Susutnilai terkumpul- peralatan
18,700
Land
Tanah
50,000
4


Accounts payable
Akaun belum bayar
38,000
Accrued salary
Gaji terakru
8,250
Loan
Pinjaman
50,000
Drawings during the year 2016 amounted RM13,000
Calculate the capital as at January 1, 2016 and December 31, 2016.
REQUIRED :
i.
ii.
Kirakan modal pada 1 Januari 2016 dan 31 Disember 2016.
(9.5 marks)
Prepare Statement of Profit or Loss for the year ended December 31, 2016.
Sediakan Penyata untung atau rugi bagi tahun berakhir 31 Disember 2016
(4 marks)
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