Answer Chapter 3 Accounting Cycle-EDIT

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ACCOUNTING CYCLE CHAPTER 3

Question 1
a)

Transactions analysis

Journal records

Post to ledger

Trial balance

Adjustments

Adjusted trial balance

Financial Statement

Closing entries

b) Control Accounts is an general ledger account that represent a few subsidiary
accunt for the same transaction. Amount of Control Account must be the same as
the total accumulated for each subsidiary as a whole..Two type subsidiary which is
Account receivable subsidiary ledger and Accounts Payable subsidiary ledger.

c) Dr (RM) Cr (RM)

Date Explanation 4,500
Mar 3 Acc. Receivable – Sykt Tam
4,500
Sales
3,800
5 Purchases
Acc. Payable – Sykt Berjaya 3,800

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6 Acc. Payable - Sykt Berjaya 200
Purchase returned and 200

Allowance 800 800
150 150
8 Furniture 3000 3000
Cash 100 100
6000 6000
12 Sales returned and allowance 900 900
Acc. Receivable – Sykt Tam

18 Acc. Receivable – Kedai Milikku
Sales

25 Drawings
Purchases

27 Bank
Acc. Receivable – Sykt Zami

29 Wages expense
Cash

Question 2

a) Cash Payment Journal (CPJ)
b) General Journal (GJ)
c) Cash Receipts Journal (CRJ)
d) Cash Receipts Journal (CRJ)
e) Sales Journal (SJ)
f) Cash Receipts Journal (CRJ)
g) Cash Receipts Journal (CRJ)
h) Purchase Journal (Pj)
i) General Journal (GJ)

Question 3

Date Sales Journal Term Dr. Acc
Account Debited 2/15,n/30 Rec

Dec 1 Kedai Lee Cr. Sales

5000

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12 Lin Enterprise 1/10,n/30 2500

17 Kedai Kim 2/15,n/30 3400

31 Total 10900

Cash Receipt Journal

Date Accounts Credited Dr. Bank Dr.Cash Dr. Sales

(RM) (RM) Discounts (RM)

Dec 4 Sales 9000

7 Kedai Lee 4900 100

22 Kedai Kim 3332 68

28 Rental Expense 2000

31 Total 8232 11000 168

Question 4 Sales Journal Term Dr. Acc Rec
a) Account Debited 2/10,n/30 Cr. Sales

Date 4000

Mar 4 Pikir Sdn. Bhd 4000
31 Total

Cash Receipt Journal

Date Accounts Credited Dr. Bank Dr.Cash Dr. Sales
Discounts (RM)
(RM) (RM)

Mar 2 Capital 10000

14 Pikir Sdn Bhd 4000

23 Sales 1000

31 Total 4000 11000

b)
Lejar am

Accounts Receivable Control Account

Date Explanation Ref Debit Credit Balance

(RM) (RM) (RM)

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Macr 1 Balance CRJ 4000 3500
14 Bank SJ (500)
31 Sales 4000 3500

Accounts Receivable Subsidiary Accounts

Date Explanation Pikir Sdn. Bhd Credit Balance
(RM) (RM)
Ref Debit
(RM) 4000 2000

Mar 1 Balance 6000

4 Sales SJ 4000 2000

14 Bank CRJ

Date Explanation Kilang Mesra Debit Credit Balance
Mar 1 Balance Ref (RM) (RM) (RM)

1500

Question 5

Date Sales Journal Term Dr. Acc. Receivable
Account Debited Cr. Sales

Dec 12 Lin Ent 1/10,n/30 2500

17 Kedai Kim 2/15,n/30 3400

31 Total 5900

Purchase Journal

Date Account Credited Term Dr. Purchase

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Dec 2 Kedai Lee 2/15,n/30 Cr. Acc. Payable
20 Kedai Rahat 2/10,n/30 5000
31 Total 5000
Cash Receipts Journal 10000

Date Accounts Credited Dr. Bank Dr.Cash Dr. Sales
(RM) (RM) Discounts (RM)
Dec 1 Capital 5000
4 Sales 990 9000 10
990 10
19 Lin Enterprise 14000
31 Total

Cash Payments Journal

Date Accounts Debited Cr. Bank Cr.Cash Cr. Purchase
(RM) (RM) Discounts (RM)
Dec 3 Rental Expense
7 Kedai Lee 2000 100

22 Drawings 4900 100
25 Furniture
31 Total 300

3000

3300 6900

Date Explanation Dr (RM) Cr (RM)
10,000 10,000
Dec 1 Vehicle
Capital

( Brought vehicle into the business )

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15 Sales returned and allowance 100
Acc. ReceivableLin Enterprise
100
(To record goods been returned)

Question 6 Purchase Journal
a)
Account Credited Term Dr. Purchase
Date Cr. Acc. Payable
1500
Oct 4 Guar Bhd 2/10,n/30 8000
8 Kedai Loo 2/15,n/30 2000
2/15,n/30 11500
14 Kedai Loo
31 Total

Cash Payments Journal

Date Accounts Debited Cr. Bank Cr.Cash Cr. Purchase
(RM) (RM) Discounts (RM)

Oct 11 Guar Bhd 1470 30

Freight In 100 80

22 Kedai Loo 3920 110

28 Utility Expense 300

30 Drawings 250

31 Total 5490 550

b) General Ledger

Account Payable Control Account

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Date Explanation Term Debit Credit Balance
(RM) (RM) (RM)
4000
Oct 1 Balance CPJ 1470 11500 2530
11 Bank CPJ 30 2500
Purchase Discount CPJ 3920 (1420)
22 Cash CPJ 80 (1500)
Purchase Discount PJ 10000
31 Purchases

Accounts Payable Subsidiary Ledger

Date Explanation Kedai Loo Debit Credit Balance
Term (RM) (RM) (RM)
1500
Oct 1 Balance PJ 8000 9500
8 Purchase PJ 2000 11500
CPJ 3920 7580
14 Purchase CPJ 80 0
22 Cash
22 Purchase Discount

Guar Bhd

Date Explanation Term Debit Credit Balance
(RM) (RM) (RM)

Oct 1 Balance PJ 1500 2500
4 Purchase CPJ 1470
4000
11 Cash
2530

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Purchase Discount CPJ 30 2500

Question 7 Sales Journal
a)
Account Debited Term Dr. Acc
Date Receivable
Cr. Sales
Mar 4 Maulana Sdn Bhd 2/10, n/30
2/10, n/30 4000
11 Maulana Sdn Bhd
22 Kilang Mesra 750
31 Total
3000

7750

Purchase Journal

Date Account Credited Term Dr. Purchases
Cr. Acc. Payable
Mar 8 Mercu Bhd 2/10, n/30
14 Kedai Istiqamah 2/15,n/30 1500
30 Kedai Istiqamah 2/15,n/30 8000
31 Total 2000
11500

Cash Receipts Journal

Date Account Credited Dr Dr Cash Dr Sales Discount
(RM)
Bank (RM)

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(RM)

Mar 2 Capital 10000
31 Total 10000

Cash Payment Journal

Date Account Debited Cr.Bank Cr.Cash Cr. Purchase

(RM) (RM) Discount

(RM)

Mar 19 Mercu Bhd 3800

31 Total 3800

Date General Journal Debit (RM) Credit(RM)
Explanations

Mac Furniture 20000
2 Capital
(To record brought furniture into the business) 20,000

10 Account Payable- Mercu Bhd 200
Purchase returned and allowance 200

(To record returned of goods)

25 Office Equipment 4500
Syarikat Acer
4500
(To record office equipment on credit)

b) General Ledger

Account Receivable Control Account

Date Explaination RM Date Explaination RM
11550
Mar 1 Balance b/f 3800 Mar 31 Balance c/f
11550
31 Sales 7750

11550

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Account Receivable Subsidiary Ledger

Maulana Sdn. Bhd.

Date Explaination RM Date Explaination RM
7050
Mar 1 Balance b/f 2300 Mar 31 Balance c/f
7050
4 Sales 4000
RM
11 Sales 750 4500

7050 4500

Kilang Mesra

Date Explaination RM Date Explaination

Mar 1 Balance b/f 1500 Mar 31 Balance c/f

22 Sales 3000

4500

c) General Ledger

Account Payable Control Account

Date Explaination RM Date Explaination RM
4000
Mar 10 Purchase returns and 200 Mar 1 Balance b/f 11500
Allowance
15500
19 Cash 3800 31 Purchases
RM
Balance c/f 11500 1500
8000
15500 2000

Account Payable Subsidiary Ledger

Kedai Istiqamah

Date Explaination RM Date Explaination

Mar 31 Balance c/f 11500 Mar 1 Balance b/f

14 Purchase

30 Purchase

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11500 11500

Mercu Bhd RM
2500
Date Explaination RM Date Explaination 1500
4000
Mar 10 Purchase returned and 200 Mar 1 Balance b/f
allowance

19 Cash 3800 8 Purchase
4000

Question 8 (UPS 2010/2011 - Encik Hanip)

i) Jurnal SALES JOURNAL
Date
Account debited Terms Dr. Acc Receivable
Cr. Sales (RM)
July 7 Cinta Enterprise 2200

31 Total 2200

PURCHASES JOURNAL

Date Account Credited Terms Dr. Purchases
July 3
Cr. Acc Payable (RM)

Pearl Bhd 2/15, n/30 7000

31 Total 7000

CASH RECEIPTS JOURNAL

Date Account Credited Dr Dr Cash Dr Sales
(RM) Discount
July 1 Bank
30 25000 (RM)
(RM) 800

Capital

Sales

31 Total 25800

CASH PAYMENT JOURNAL

Date Account Debited Cr. Bank Cr.Cash Cr.

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(RM) (RM) Purchase
Discount
July 13 Pearl Bhd 6860
22 Office Equipment 4000 (RM)
140
31 Total 10860
180
Date GENERAL JOURNAL Debit
July 1 50000 Credit
Explaination 10000
Vehicle 60000
Office Equipment
Amount
Capital RM
(Brought vehicle and office 2200
equipment into business) 2200

(ii) Account Receivable Control Account Amount
RM
Account Receivable 2200
2200
Date Explaination Amount Date Explaination
RM July 31 Balance c/f
July 31 Sales 2200
2200

Aug 1 Balance b/f 2200

Account Receivable Subsidiary Ledger

Date Explaination Akaun Cinta Enterprise
July 7 Sales
Aug 1 Balance b/f Amount Date Explaination
RM
2200 July 31 Balance c/f
2200

2200

Question 9 (UPS 2012/2013 - Perniagaan Awan Zakir)

i)
SALES JOURNAL

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Date Account debited Terms Dr. Acc Receivable

Cr. Sales (RM)

Apr 8 Perniagaan Madani 2/15,n/60 4500

30 Total 4500

PURCHASE JOURNAL

Date Account Credited Terms Dr. Purchases

Cr. Acc Payable (RM)

Apr 3 Perniagaan Karisma 2/10, n/30 7800

30 Total 7800

CASH RECEIPTS JOURNAL

Date Account Credited Dr Bank Dr Cash Dr Sales
(RM) (RM) Discount(RM)

Apr 1 Capital 35000
28 Perniagaan Madani 4500

30 Total 39500

CASH PAYMENT JOURNAL

Date Account Debited Cr. Bank Cr.Cash Cr. Purchase

(RM) (RM) Discount (RM)

Apr 12 Pern Karisma 7644 156
20 Purchase 3200 156
28 Salary expense 2230
30 Total 13074

Date JURNAL AM Debit Credit
Apl 1 Vehicle Explaination 60800

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Capital 60800
(To record vehicle brought to
business) Amount
RM
(ii) a) Account Payable Control Account 7800
7800
Account Payable

Date Explaination Amount Date Explaination
RM Apr 30 Purchase
Apr 12 Cash
Purchase Disc 7644
156

7800

b) Account Payable Subsidiary Ledger

Date Explaination Perniagaan Karisma Amount
Amount Date Explaination RM
Apr 12 Cash 7800
Purchase Disc RM
7644 Apr 3 Purchase 7800

156

7800

Questions 10 (UPS 2011/2012 - Perniagaan Zuhal)

SALES JOURNAL

Date Account debited Terms Dr. Acc Receivable
Cr. Sales (RM)
Mar 12 Perniagaan Sinar 500

31 Total 500

PURCHASES JOURNAL

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Date Account Credited Terms Dr. Purchases
Cr. Acc Payable
Mar 7 Musytari Sdn Bhd 3/10, (RM)
n/30 12000

31 Jumlah 12000

CASH RECEIPTS JOURNAL

Date Account Credited Dr Dr Cash Dr Sales
Mar 2 Discount
Bank (RM)
(RM)
(RM)

Capital 30000

4 Loan 20000

31 Total 50000

CASH PAYMENT JOURNAL

Date Account Debited Cr. Cr.Cash Cr.
Purchase
Bank (RM) Discount

(RM) (RM)
180
Mar 17 Musytari Sdn Bhd 5820
23 Utility expense 180
31 Total 40
5860 Credit

Date GENERAL JOURNAL Debit 7000
Mar 2 Explaination 7000

Furniture
Capital

(Brought furniture into the
business)

Question 11 (PSPM 2010/2011 Perniagaan NIKKI)
SALES JOURNAL

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Date Account debited Terms Dr. Acc Receivable
Cr. Sales (RM)
Mar 10 Peralatan Dapur Saleha 3500
22 Hong Dong Ent
31 Total 8500
12000

PURCHASES JOURNAL

Date Account Credited Terms Dr. Purchases

Mar 9 Cr. Acc Payable
31
(RM)

Sejati Enterprise 5400

Total 5400

CASH RECEIPTS JOURNAL

Date Account Credited Dr Dr Cash Dr Sales
Mar 6 (RM) Discount
Bank
6500 (RM)
(RM) 3430
1000 70
Sales 10930
70
19 Peralatan Dapur Saleha

24 Deposit / Unearned Revenue
31 Total

CASH PAYMENT JOURNAL

Date Account Debited Cr. Cr.Cash Cr.
Purchase
Mar 1 Bank (RM) Discount
27
30 (RM) (RM)

Prepaid insurance 8400
Sejati Ent 9500
Total 17900

Date JURNAL AM Debit Credit
Mar 23 650 650
Explaination
26 Drawings 1550 1550

14 Purchases
(To record took merchandise for own use)

Sales returned and allowance
Acc. Receivable – Hong Dong Ent

To record damaged goods returned)

Tiada rekod untuk urusniaga

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ACCOUNTING CYCLE CHAPTER 3

Question 12
a)

Cash Receipts Journal

Date Account Credited Bank Cash Sales Discount
Dr. Dr. Dr.
Jan 1 Capital
13 Sales 9,500 10,000 500
23 Chong Studio 9,500 5,300 500
31 Total
15,300

Cash Payment Journal

Date Account Debited Bank Cash Purchase Discount
Cr Cr. Cr.
Jan 16 Maju Jaya Bhd 200
18 Purchase 9,800 3,400
29 Salary expense 500 200
31 Total 9,800 3,900

Sales Journal

Date Account Debited Terms Dr. Acc. Receivable
Cr. Sales
Jan 14 Chong Studio 28,000
31 Total
28,000

Purchase Journal

Date Account Credited Terms Dr. Purchases
Cr. Acc. Payable
Jan 5 Maju Jaya Bhd 2/15, n/60 30,500
31 Total General Journal
30,500

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Date Explanation Dr(RM) Cr.(RM)
1,500 1,500
Jan 4 Furniture 500 500
Acc. Payable – Cahaya Bhd 400 400

(To record bought an asset on credit) 1,600 1,600

Jan 9 Acc. Payable– Maju Jaya Bhd
Purchase returned and allowance

(To record returned goods to the supplier)

Jan 17 Sales returned and allowance
Acc. Receivable – Chong Studio

(To record received goods damaged from

customer)

Jan 19 Drawings
Purchase

(To record used goods for own used)

b) Accounts Receivable Subsidiary Ledger

Chong Studio

Date Explanation Term Debit Credit Balance
(RM) (RM) (RM)
Jan 14 Sales SJ 28,000 28,000
17 Sales returned and GJ 400 27,600
allowance
CRJ 10,000 17,600
23 Cash

Accounts Payable Subsidiary Ledger

Maju Jaya Bhd

Date Explanation Term Debit Credit Balance

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Jan 1 Purhase (RM) (RM) (RM)
PJ 30,500 30,500
10 Purchase returned and GJ 500 30,000
allowance
CPJ 10,000 20,000
16 Cash

c) Trial Balance

Perniagaan Thaqifah Haifa
Trial Balance

as at 31 January 2020

Accounts Debit (RM) Credit (RM)
1,400
Cash 9,700 10,000
Bank
Capital 1,500 20,000
1,500
Furniture

Account Payable
Others Payable –Cahaya Sdn Bhd

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Purchased returned and allowance 400 500
Sales returned and allowance 1,600
Drawings 32,300 33,300
Purchases 17,600 200
Account Receivable
500 65,500
Sales
Salary expense 500
Purchase discount 65,500
Sales discount
Total

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Question 13
( Perniagaan ALONG SDN BHD)

i) Account Credited Terms Dr. Purchases
Cr. Acc Payable (RM)
Purchase Journal 2/15,n/60 127,000
Date 2/10,n/60
8,000
Jul.9 Han Seng 135,000
23 Husin Sdn Bhd
31 Total

Sales Journal Account debited Terms Dr. Acc Receivable
Date Cr. Sales (RM)

Jul.19 Perniagaan Endah 29,000
26 Konsultan 45,000
31 Alam Arkitek Sdn Bhd 74,000

Total

Cash Receipts Journal

Date Account Credited Dr Cash Dr Bank Dr Sales
(RM) (RM) Discount

500,000 (RM)
15,000
Jul. 1 Capital 29,000
10 Sales
19 29,000
Sales 573,000
29 Perniagaan Endah
31 Konsultan Cr. Cash
Total (RM)

Cash Payment Journal 25,000
12,000
Date Account Debited 1,200 Cr.Bank Cr.
1,400 (RM) Purchase
Discount

(RM)

Jul. 3 Equipment 31
23 Purchase
24 Utility expense
25 Wages expense

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ACCOUNTING CYCLE CHAPTER 3

28 Husin Sdn Bhd 7,840 160
28 Han Seng Sdn Bhd 57,500 160

31 Total 104,940

General Journal Explaination Debit Credit
Date 50,000 50,000

Jul. 1 Vehicle
Modal

15 Acc. Payable - Han Seng 12,000
Purchase returned and allowance
12,000

27 Sales returned and allowance 13,200
Acc. Receivable- Alam Arkitek
13,200

(ii) POSTED TO GENERAL LEDGER

Jul Multiple CASH Multiple 104940
30. Accounts 573000 Jul 30. Accounts 468,060
Balance c/f 573,000

573,000 13200
29,000
Account Receivable 31,800
Jul Sales returned
30. Sales 74000 Jul 27. and allowance 74,000

Jul 30. Cash
Balance c/f

74,000

Account Payable

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Purchase 12000 Jul 30. Purchase 135000
Jul returned and 65,340 135,000
15. allowance
30. Cash 160
57,500
Purchase
discount 135,000
Balance c/f

Jul Sales 74000
30. Balance c/f 44,000
118000 Jul 30. Acc.Receivable 118,000
Cash
147000
118,000
147,000
Jul Purchases
30. Acc. Payable 500,000
135000 Jul 30. Balance c/f 50,000
Cash 12,000 550,000

147,000 25000
25,000
Jul Capital
30. Balance c/f 4500
550,000 Jul 1. Cash 4,500
Vehicle

550,000

Jul 3. Cash Equipment
25000 Jul 30. Balance c/f

25,000

Jul Drawings
22. Cash 4500 Jul 30. Balance c/f
4,500

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Utilities expense

Jul 1200 Jul 30. Balance c/f 1200
24. Cash 1,200 1,200

Jul Wages expense 1400
25. Cash 1,400
1400 Jul 30. Balance c/f
Jul 1. Capital 1,400

Vehicle 50,000
50,000 Jul 30. Balance c/f 50,000

50,000

Purchase returned and allowance

Jul Balance c/f 12000 Jul 15. Acc. Payable - 12000
12,000
30. H.Seng SB 13200
13,200
12,000
29000
Sales returned and allowance 29,000
13200
Jul Acc. 13200 Jul 30. Balance c/f

27. Receivable-

Alam Arkitek

13,200

ACCOUNT RECEIVABLE SUBSIDIARY LEDGER

Perniagaan Endah Konsultan

Jul

19. Sales 29000 Jul 29. Cash

29,000

Jul Sales Alam Arkitek Sdn Bhd
45000 Jul 27 Sales returned

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26. and allowance

30. Balance c/f 31,800

45,000 45,000

ACCOUNT PAYABLE SUBSIDIARY LEDGER

Han Seng Sdn Bhd

Purchase

Jul returned and

15. allowance 12000 Jul 9. Purchase 127000
127,000
28. Cash 57,500
8000
30. Balance c/f 57,500 8,000

127,000

Jul Hasan Sdn Bhd
28. Cash
7840 Jul 23. Purchase
Purchase
discount 160
8,000

(iii)
Along Sdn Bhd
Trial Balance

As at 31 July 2019

Cash Debit Credit
Account Receivable (RM) (RM)
Equipment 468,060
Vehicle 57,500
Account Payable 31,800 550,000
Capital 25,000 118,000
Sales 50,000
Sales returned
Purchase 13,200
147,000
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Purchase discount 1,200 160
Purchase returned 1,400 12,000
Utility expense 737,660
Wages Expense 737,660

Question 14 (UPS 2008/2009 - Perniagaan Kristal)

i) Journal

SALES JOURNAL

Date Account debited Terms Dr. Acc
Receivable
Jan 5 Sykt Opel 2/10, n/30 Cr. Sales (RM)
31 Total
20000

20000

PURCHASE JOURNAL

Date Account Credited Terms Dr. Purchases
2/10, n/30 Cr. Acc Payable
Jan 9 Sykt Granit
31 Total (RM)
18000

18000

CASH RECEIPTS JOURNAL

Date Account Credited Dr Bank Dr Cash Dr Sales
(RM) (RM) Discount

Jan 17 Sykt Opel 18620 (RM)
31 Total 18620 380

380

CASH PAYMENT JOURNAL

Date Account Debited Cr. Bank Cr.Cash Cr.

(RM) (RM) Purchase

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Jan 1 Furniture 3000 Discount
15 Sykt Granite 8820 (RM)
23 Drawings 200
31 Total 12020 180

180

JURNAL AM

Date Explaination Debit Credit
1000 1000
Jan 10 Sales returned and allowance

Acc Receivable- Opel

ii) Trial Balance

Perniagaan Kristal Debit(RM) Credit(RM)
Trial Balance
20600
As at 31 January 2020
5000
Cash(14000 + 18620 – 12020) 3000
Account Receivable (5000 + 20000 – 1000 – 19000)
Equipment 18000
Furniture(15000 + 3000)
Inventory 6000
Drawings
Sales discount 200
Sales returned and allowance
Purchases 380
Account Payable (6000 + 18000 – 9000)
Capital 1000
Sales
Purchase discount 18000
Accumulated Depreciation – Furniture
15000

35500

20000

180

72180 1500
72180

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Question 15 (PSPM Sesi 2012/2013 - Perniagaan Tukang Bina)

(i)

PURCHASE JOURNAL

Date Account Credited Terms Dr. Purchases
Cr. Acc Payable (RM)
Jul.6 Syarikat Mukmin 8000
27 Syarikat Berkat 9500
31 Total 17500

SALES JOURNAL

Date Account debited Terms Dr. Acc Receivable
Cr. Sales (RM)
Jul.2 Perniagaan Belati
23 Kedai Runcit Salina 12000
31 Total 3500

15500

CASH RECEIPTS JOURNAL

Date Account Credited Dr Cash Dr Bank Dr Sales
Discount
(RM) (RM)
(RM)
Jul. 4 ABT – Syarikat Tukul Sdn. Bhd 9500
11 ABT – Perniagaan Belati 11760 240
31 Total 21260 240

CASH PAYMENT JOURNAL

Date Account Debited Cr. Cash Cr. Bank Cr.Purchase
(RM) (RM) Discount
700 (RM)

Jul. 9 Freight out 3000

10 Perniagaan Jati 7100
5400
17 Syarikat Mukmin 1800
20 Purchase 1500
25 Salary expense 19500
30 Rental expense
31 Total

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General Journal Explaination Debit Credit
Date 3800 3800

Jul. 13 Furniture

Others Acc Payable –
Kedai Perabot D’Cantek

15 Acc Payable - Sykt Mukmin 900
Purchase returned and
allowance 900

(ii)

Perniagaan Tukang Bina Kredit
Trial Balance (RM)

As at 31 July 2019 9500
Debit 30000
(RM)
900
Cash(18000 + 21200 – 19500) 19760 15500

Account Receivable 3500 6000
Office Equipment 11500 65700
Furniture 3800

Account Payable (9500 + 3800)

Capital

Purchases (5400 + 17500) 22900

Purchase returned and allowance
Sales

Sales discount 240

Freight out 700

Salary expense 1800

Rental expense 1500

Loan

65700

Question 16 (PSPM Sesi 2011/2012 - Perniagaan Mesra) 39

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(i) PURCHASE JOURNAL

Date Account Credited Terms Dr. Purchases
Cr. Acc Payable (RM)
Jul.4 Segar Sdn Bhd
18 Adnan Enterprise 4000
28 Perniagaan Syafiq 7500
31 Total 5400

16900

SALES JOURNAL

Date Account debited Terms Dr. Acc Receivable
Cr. Sales (RM)
Jul.7 Amzar Sdn Bhd
23 Sulhi Enterprise 12000
31 Total 4800

16800

CASH RECEIPTS JOURNAL

Date Account Credited Dr Cash Dr Bank Dr Sales
(RM) (RM) Discount
Jul. 2 Makmor Sdn Bhd
18500 (RM)
11 Sales 6000
16 Amzar Sdn Bhd 11760 240
21260 240

CASH PAYMENT JOURNAL

Date Account Debited Cr.Cash Cr.Bank Cr.Purchase
(RM) (RM) Discount (RM)
4870
Jul. 3 Aminah Enterprise 570 99
9 Freight out 3201 420
Segar Sdn Bhd 6400
14 Salary expense 7080
20 Adnan Enterprise
26

Rental expense / 1200 519
29 Prepaid rental 23321
31 Total

General Journal Explaination Debit Credit
Date 15000 15000

Jul. 5 Furniture

Capital

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ACCOUNTING CYCLE CHAPTER 3

12 Acc. Payable – Segar Sdn Bhd 700
Purchase returned and
allowance 700

(ii) Credit
(RM)
Perniagaan Mesra
Imbangan Duga 5400
44630
Pada 31 July 2019
700
Cash(16000 + 36260 – 23321) Debit 22800
Account Receivable – Sulhi Enterprise (RM)
Rental expense/ Prepaid rental 28939 519
Furniture 4800 74049
Acc. Payable – Pern Syafiq 1200
15000
Capital
Purchases 16900
Purchase returned and allowance
Sales 240
Sales discount
Purchase discount 570
Frieght out 6400
Salary expense 74049

Question 17 (PSPM JAN 2000 - Perniagaan ABU) 41
(a)
PURCHASES JOURNAL

ARMA/KMKt

AA015

ACCOUNTING CYCLE CHAPTER 3

Date Account Credited Terms Dr. Purchases
Cr. Acc. Payable
Jan. 5 Maju Jaya Bhd 2/15,n/60 30,500
24 Sentosa Bhd 2/10,n/30
31 Total 5,600
36,100

SALES JOURNAL

Date Account Debited Term Dr. Acc. Receivable
Cr. Sales
Jan. 14 Chong Studio 5/10,n/30 28,000
20 Jitu Bhd 2/10,n/30 9,900
31 Total
37,900

CASH RECEIPTS JOURNAL

Date Account Credited Cash Bank Sales
(Dr) (Dr.) Discount
10,000
Jan. 1 Capital (Dr.)
13 Sales 5,300
26 Jitu Bhd 9,702 198
31 Total 198
25,002

CASH PAYMENT JOURNAL

Date Account Debited Cash Bank Purchase
(Cr) (Cr.) Discount

Jan. 4 Furniture 1,500 (Cr.)

16 Maju Jaya Bhd 9,800 200
18 Purchase 3,400
29 Salary expense 500 200
31 Total 15,200

General Journal

Date Explaination Debit Credit
500
Jan. 10 Acc. Payable - Maju Jaya Bhd 400 500
17 Purchase returned and allowance 400

Sales returned and allowance 42
Acc. Receivable - Chong Studio

ARMA/KMKt

AA015

ACCOUNTING CYCLE CHAPTER 3

19 Drawings 1,600
Purchase
1,600
(b)
Account Receivable
Jan 31. Sales
Sales returned

37900 Jan 17and allowance 400
9702
26 Tunai 198
27600
Sales discount
37900
Balance c/f

37900

Jan 10 Purchase Account Payable 36100
16 returned and 36100
allowance 500 Jan 30 Purchases
31 Cash 9800
Purchase
discount 200
Balance c/f 25600
36100

(c)

Perniagaan Abu

Trial Balance

Pada 31 January 2020

Debit Credit
(RM)
(RM)
10,000
Capital 25 600

Account Receivable 27,600 43,200
500
Account Payable
200
Drawings 1,600

Purchases 37,900

Sales

Purchase returned and allowance

Sales returned and allowance 400

Sales discount 198

Purchase discount

Cash 9,802

Furniture 1,500

ARMA/KMKt 43

AA015

ACCOUNTING CYCLE CHAPTER 3

Salary expense 500
79,500
79,500

Question 18

a) Journal

SALES JOURNAL

Date Account debited Terms Dr. Acc Receivable
2/15, n/30 Cr. Sales (RM)
Dec 9 Imad 7,000

31 Total 7,000

PURCHASES JOURNAL

Date Accounts Terms Dt. Purchase
2/10, n/30 Kt. Accounts Payable
Dec 31 Kayangan Sdn Bhd (RM)
6,000

31 Total 6,000

CASH RECEIPTS JOURNAL

Date Accounts Cash Bank Sales
(RM) (RM) Discounts

13,150 (RM)
13,500
Dec 17 Sales 300
29 Account Receivable – Imad

31 Total 300

ARMA/KMKt 44

AA015

ACCOUNTING CYCLE CHAPTER 3

CASH PAYMENT JOURNAL

Date Accounts Cash Bank Purchases
(RM) (RM) Discounts
22,500
Dec 1 Motor Vehicle 2,500 (RM)
3 150 700
Telephone expenses 100 5,000 300
10 200 28,200
23 Water expenses 2,700 300
31
31 Electricity expenses 5,650
Account Payable – Sahaba Ent

Drawing
Account Payable – Sahaba Ent

Total

GENERAL JOURNAL

Date Account Title and Description Ref. Debit (RM) Credit (RM)

Dec 15 Dr. Sales returns and allowances 700
Cr. Account Receivable – Imad 700

(To record credit granted to Imad for

returned goods)

b) Ledgers

Motor Vehicles Account

Date Accounts RM Date Accounts RM
Dec 1 Balance b/d 40,000 Dec 31 Balance c/d 65,000
Bank 22,500
3 Cash
2,500

65,000 65,000

Fixtures and Fittings Account

Date Accounts RM Date Accounts RM
30,000
Dec 1 Balance b/d 30,000 Dec 31 Balance c/d 30,000

30,000 45

ARMA/KMKt

AA015

ACCOUNTING CYCLE CHAPTER 3

Date Accounts Cash Account Accounts RM
Multiple Accouts 5,650
Dec 1 Balance b/d RM Date Balance c/d 4,650
10,000 Dec 31
31 Multiple Accounts 10,300
300

10,300

Date Accounts Bank Account Accounts RM
Multiple Accounts 28,200
Dec 1 Balance b/d RM Date Balance c/d 24,950
50,000 Dec 31
29 Multiple Accounts 13,150 53,087

53,150

Account Receivable Account

Date Accounts RM Date Accounts RM
700
Dec 1 Balance b/d 20,000 Dec 15 Sales & Return
3,087
Allowances 63

9 Sales 7,000 29 Bank 23,150
27,000
Sales discounts

Dec 31 Balance c/d

27,000

Accounts Payable Account

Date Accounts RM Date Accounts RM
Dec 10 Cash 3,000 15,000
Purchases discounts Dec 1 Balance b/d
31 Bank 300 6,000
Dec 31 Balance c/d 5,000 31 Purchases
12,700 21,000

21,000

Telephone Expenses Account

Date Accounts RM Date Accounts RM
150
Dec 3 Cash 150 Dec 31 Balance c/d 150

150 46

ARMA/KMKt

AA015

ACCOUNTING CYCLE CHAPTER 3

Water Expenses Account

Date Accounts RM Date Accounts RM
100
Dec 3 Cash 100 Dec 31 Balance c/d 100

100 RM
200
Electricity Expenses Account 200

Date Accounts RM Date Accounts RM
135,000
Dec 3 Cash 200 Dec 31 Balance c/d 135,000

200

Capital Account

Date Accounts RM Date Accounts

Dec 31 Balance c/d 135,000 Dec 1 Balance b/d

135,000

Sales & Returns Allowances Account

Date Accounts RM Date Accounts RM
700
Dec 15 Acct. Receivable – Imad 700 Dec 31 Balance c/d 700

700 RM
700
Drawings Account 700

Date Accounts RM Date Accounts RM
63
Dec 23 Bank 700 Dec 31 Balance c/d
47
700

Sales Discounts Account

Date Accounts RM Date Accounts

Dec 31 Acct. Receivable 63 Dec 31 Balance c/d

ARMA/KMKt

AA015

ACCOUNTING CYCLE CHAPTER 3

63 63

Purchases Discounts Account

Date Accounts RM Date Accounts RM
Dec 31 Balance c/d 300
300 Dec 31 Acct. Payable
300
300

c) Trail Balance

FAFI Pvt. Ltd.
Trail Balance
As at 31 November 2019

Debit(RM) Credit(RM)

Cash 4,650
Bank 24,950
Sales
7,300
Purchases
Account Receivable 6,000 13,000
Account Payable 23,150 135,000
Capitol
Motor vehicles 65,000 300
Fixtures and Fittings 30,000 155,600
Telephone Expenses
Water Expenses 150
Electricity Expenses 100
Sales & Return Allowances 200
Drawing 700
Purchases Discounts 700

155,600

ARMA/KMKt 48

AA015

ACCOUNTING CYCLE CHAPTER 3

Question 19 (Perniagaan AqilQisya)

a) Trial balance as at 31 December 2019

Perniagaan AqilQisya
Trial balance

as at 31 December 2019

Debit Credit
(RM) (RM)

Capital 629 17,075
Cash 500
Inventory 1 Jan 2019 3,500 6,000
Purchases 20
Sales 1,800 80
Salary expense 25
Sales returned and allowance
Purchase returned and allowance 100
Sales discount
Purchase discount 1,138
Rental expense
162
Printing and stationery expense
120 1,080
Freight in 812 24,255
2,050
Groceries expense
2,840
Account Receivable 3,000
7,579
Account Payable 24,255

Office furniture
Vehicle
Bank

ARMA/KMKt 49

AA015

ACCOUNTING CYCLE CHAPTER 3

b) Statement of Profit or Loss

Pernigaan AqilQisya RM
Statement of Profit or Loss 6,000
For the year ended 31 December 2019 (125)
5,875
RM RM
3,320
Sales 2,555

Sales returned and allowance (25) 3,912
(1,357)
Sales discount (100)

LESS: COST OF GOODS SOLD 3,500 500
Inventory, 1 Januari (20)
Purchases (80) 3,520
Purchase returned and allowance 4,020
Purchase discount 3,400
Net Purchase 120 700
+ Freight in
Cost of Purchase 1,800
Cost of goods available for sale 1,138
- Ending inventory
162
COGS 812
Gross profit

Less: Operational expense
Salary expense

Rental expense
Printing and stationery exense
Groceries expense

Net Loss

ARMA/KMKt 50

AA015

ACCOUNTING CYCLE CHAPTER 3

Question 20

a) Trial Balance

Perniagaan Kamal
Trial Balance

as at 31 December 2019

Accounts Debit (RM) Credit (RM)
17,075
Capital 629 6,000
500 20
Cash 3,500 80
Inventory – 1 Jan 2019
1,800 1,080
Purchases 25
Sales 51
Salary Expense 100

Sales returned and allowance 1,138
162
Purchased returned and allowance 120
812
Sales discount 2,050
Purchase discount
2,840
Rental expense 3,000
7,579
Printing and stationery expense

Freight in
Groceries Expense
Accounts Receivable
Accounts Payable
Office Furniture
Vehicle

Bank

ARMA/KMKt

AA015

ACCOUNTING CYCLE CHAPTER 3

Total 24,255 24,255

b) Statement Profit or Loss

Perniagaan Kamal
Statement Profit or Loss
For the year ended 31 December 2019

Sales RM RM RM
Sales discount 6,000 5,875
Sales returned and allowance (100)
Net Sales (25) 3,320
LESS: COGS 2,555
Beginning Inventori 3,500 500
Purchases (20)
Purchase returned and allowance (80) 3,520
Purchase discount 3,400 4,020
Net Purchase 120 (700)
Freight in
Cost of Purchase
Cost of Goods Availabe For Sale
Less: Closing Inventory
COGS
Gross Profit

Less: Operational expenses 1,800
Salary expense

ARMA/KMKt 52

AA015

ACCOUNTING CYCLE CHAPTER 3

Rental expense 1,138
Stationary and printing expense 162
Groceries expense 812
Total Operational expense
Nel Loss 3,912
c) Statement of Owner Equity 1,357

Perniagaan Kamal
Statement of Owner Equity
As at 31 Dicember 2019

Opening Capital RM
(-) Net Loss 17,075
Ending Capital
(1357)
15,718

d) Statement of Financial Position

Perniagaan Kamal
Statement of Financial Position

as at 31 Dicember 2019

NON CURRENT ASSET RM RM
Office Furniture 2,840 5,840
Vehicle 3,000
Total Non Current Asset 10,958
CURRENT ASSET 629 16,798
Cash 7,579
Bank 2,050
Accounts Receivable 700
Inventory – 31 December 2019
Total Current Asset

TOTAL ASSET

ARMA/KMKt 53

AA015

ACCOUNTING CYCLE CHAPTER 3

LIABILITIES & OWNER’S EQUITY 15,718
1,080
Owner Equity
Liabilities 16,798
Account Payable
TOTAL LIABILITIES & OWNER’S EQUITY

Question 21

a) Statement Profit or Loss

Pernigaan Harun Sdn. Bhd.
Statement Profit or Loss

For the year ended 31 Mar 2020

Sales 5,800 RM RM
Sales returned and allowance (200) (250) 12,290
Sales discount (40)
Net Sales (50) (290)
LESS: COST OF GOODS SOLD 60 1,000 12,000
Inventory, 1 April 2019
Purchases 5,610 5,110
Purchase returned and allowance 6,610 6,890
Purchase discount (1,500)
Freight in
Cost Of Goods Available For Sale 450
Ending Inventory 340

COGS
Net Profit

Less: Operational Expenses
Depreciation expense - building
Depreciation expense - vehicle

ARMA/KMKt 54

Utilities expense AA015
Insurance expense
General expense ACCOUNTING CYCLE CHAPTER 3
Bad expense expense
Net Profit 400
200
560
180 2,130

4,760

b) Statement of Financial Position

Perniagaan Harun Sdn. Bhd.
Statement of Financial Position

As at 31 Mar 2020

Non Current Asset RM RM
50,000 49,000
Building
1,000 33,320
Accumulated Depreciation-Building 82,320
34,000
Vehicle 680 16,200
Accumulated Depreciation-Vehicle 98,520
3,200
Current asset 3,500 11,500
Account Receivable 300
1,500
Allowance For Doubtful Debt
Cash
Inventory
Total Asset

Owner Equity 72,000 76,160
Capital
Net Profit 4,760
Drawings (600)

Current Liabilities 20,000
Loan - Azmir

ARMA/KMKt 55

AA015

ACCOUNTING CYCLE CHAPTER 3

Accounts Payable 2,360
Total Owner Equity and Liabilities
22,360
98,520

Question 22

a) Statement of Profit or Loss

Pernigaan Hebat Sdn. Bhd. RM RM
Statement of Profit or Loss 12,290
For the year ended 31 Mar 2020 (250)
(40) (290)
RM 12,000
Sales
5,110
Sales returned and allowance 6,890

Sales discount

LESS: COST OF GOODS SOLD 5,800 1,000
Inventory, 1 April 2019
Purchases (200) 5,610
(50) 6,610
Purchase returned and allowance (1,500)
Purchase discount 5,550
Net Purchase 60
+ Freight in
Cost of Purchase 450
Cost of goods available for sale 340
- Ending inventory

COGS
Gross profit

Less: Operational expense
Depreciation expense - building
Depreciation expense - vehicle

ARMA/KMKt 56

Utility expense AA015
Insurance expense
General expense ACCOUNTING CYCLE CHAPTER 3
Bad debt expense
Net profit 400
200
560
180 2,130

4,760

b) Statement of Financial Position

Perniagaan Hebat Sdn. Bhd.
Statement of Financial Position

as at 31 Mar 2020

Non Current Asset RM RM
50,000 49,000
Building 33,320
Accumulated depreciation – Building 1,000 82,320
34,000
Vehicle 16,200
Accumulated depreciation – Vehicle 680 98,520

Current Asset 3,500 3,200 76,160
Account Receivable 300 11,500
Allowance for doubtful debt 57
1,500
Cash
Inventory 72,000
TOTAL ASSET 4,760
(600)
Owner’s Equity
Capital 20,000
Net profit
Drawings
Total Owner’s Equity

Current Liabilities
Loan - Azmir

ARMA/KMKt

AA015

ACCOUNTING CYCLE CHAPTER 3

Account Payable 2,360
Total Liabilities
TOTAL OWNER’S EQUITY AND LIABILITIES 22,360
98,520

QUESTION 23

a) Statement of Profit or Loss

Perniagaan Vanilla Hazel
Statement of Profit or Loss
For the year ended 30 Jun 2019

RM RM RM

Sales 398,780

Less: Sales returned and allowance 1,870

Sales discount 1,450

Net Sales 395,460

LESS: COST OF GOODS SOLD 32,890
Beginning Inventory
(+) Purchases 234,670
(-) Purchase returned 1,280
Purchase discount 1,760
Net purchase
(+) Freight in 231,630
Import duty 1,327
Cost of purchase 1,124

Cost of Goods Availabe For Sale 234,081 235,081
(-) Closing inventory 266,971 160,379

Gross profit 31,890 6,230
Add: Rental revenue 166,609
1,670
Less: Operational expense

ARMA/KMKt 58

AA015

ACCOUNTING CYCLE CHAPTER 3

Freight out 27,825 42,310
Insurance expense 3,450 124,299
Interest expense 1,200
Maintenane expense 8,165
Net profit

b) Statement Of Financial Position

Perniagaan Vanilla Hazel

Statement Of Financial Position

As at 30 Jun 2019

RM RM
249,700
Non Current Asset

Vehicle 160,800

Office Equipment 88,900

Current Asset 14,930 60,270
Cash 13,450 309,970
Account Receivable 31,890
Inventory
TOTAL ASSET

Long Term Liabilities 20,000
Long term loan
18,380
Current liabilities 38,380
Account Payable
Total Liabilities 148,000
124,299
Owner’s Equity
Opening Capital
(+) Net profit

ARMA/KMKt 59

AA015

ACCOUNTING CYCLE CHAPTER 3

(-) Drawings 272,299
Ending Capital 709

TOTAL LIABIILITIES AND OWNER’S 271,590
EQUITY 309,970

Question 24
i) Statement Profit or Loss

Perniagaan Mentari
Statement profit or loss
For the year ended 31 December 2019

RM RM
95,300
Sales
(51,500)
Less: Cost of Good Sold 43,800

Beginning Inventory 8,000 (76,000)
(32,000)
Purchases 58,500

Closing Inventory (15,000)

COGS

Gross profit

Less: Operational expenses

Salary expense 30,000

Advertising expense 10,000

Insurance expense 12,000

Utilites expense 24,000

Net Loss

ARMA/KMKt 60