FINANCIAL STATEMENT PRESENTATION DAT1C

FINANCIAL STATEMENT
BLOOMING BEAUTY COSMETIC EMPIRE

Nama Ahli : Sangkary A/P Sathakumar (16DAT22F1001)
Ruseeny A/P Navanithan (16DAT22F1014)
Vaanmathy A/P Mohanathas (16DAT22F1103)
Previnah A/P Anbalagan (16DAT22F1096)

Nama dan Kod Kursus : DPA10013 & FINANCIAL ACCOUNTING 1
Nama Pensyarah : Pn. Asmidar Binti Ahmad Salleh
Sesi 1 : 2022 / 2023

TRANSACTION

Jan-01 Started a business with RM 50000 in bank, RM 25000 cash, RM
10000 furniture and RM 38500 vehicles.

Jan-02 Bought stationary RM 100 by cash.

Jan-03 Sold goods to Ali RM 5000 by cash.

Jan-04 Sent invoice to Cloud Enterprise RM 8000

Jan-05 Paid advertising RM 700 by cash.

Jan-07 Received cheque from Cloud Enterprise RM 3500 and give RM 350
discount.

Jan-09 Received loan RM 28000 from Bank Kasih.

Jan-12 Return goods worth RM 2400 from Cloud Enterprise.

Jan-14 Purchased goods by cash RM 3000.

Jan-16 Received commission by cash RM 380.

Jan-17 Received invoice from Zeti Enterprise RM 8700.

Jan-20 Received credit note from Zeti Enterprise RM 3000.

Jan-21 Took cash money from bank acc RM 1000 for personal use.

Jan-22 Bought a cash register machine RM 780 by cheque.

Jan-24 Paid shop rent RM 900 by cheque.

Jan-27 Paid utility bills RM 400 by cheque.

Jan-30 Paid worker salaries RM 1400 by cheque

LEDGER

Date Particular Cash Account Particular RM
1-Jan Capital RM Date Stationery 100
3-Jan Sales 25,000 2-Jan Advertising 700
16-Jan Commission Received 9,000 5-Jan Purchases
Bal c/f 3,000
500 14-Jan 30,700
31-Jan
34,500
34,500
1-Feb Bal b/f
30,700

Date Particular Bank Account Particular RM
1-Jan Capital RM Date Drawing 780
7-Jan Cloud Enterprise 50,000 21-Jan Cash register machine
9-Jan Loan 3,500 22-Jan Rent 1,000
28,000 24-Jan Utility 900
Salary 500
27-Jan Bal c/f
30-Jan 1,400
31-Jan 76,920

81,500 81,500

1-Feb Bal b/f 76,920

Date Particular Furniture Account Particular RM
1-Jan Capital RM Date
10,000

Date Particular Vehicles Account Particular RM
1-Jan Capital RM Date

38,500

Capital Account

Date Particular RM Date Particular RM

1-Jan Cash 25,000

1-Jan Bank 50,000

1-Jan Furniture 10,000

1-Jan Vehicles 38,500

123,500

Date Particular Purchase Account Particular RM
14-Jan Cash RM Date
17-Jan Zeti Enterprise 3,000
8,700

11,700

Zeti Enterprise Account

Date Particular RM Date Particular RM
20-Jan Purchase Return 8,700
31-Jan Bal c/f 3,000 3-Oct Purchase
8,700
5,700 5,700

8,700

1-Feb Bal b/f

Sales Account

Date Particular RM Date Particular RM

3-Jan Cash 9,000

4-Jan Cloud Enterprise 8,000

17,000

Cloud Enterprise Account

Date Particular RM Date Particular RM
4-Jan Sales 3,500
8,000 7-Jan Bank
1-Feb Bal b/f 350
7-Jan Discount allowed 700
3,450
12-Jan Sales return 8,000

31-Jan Bal c/f RM

8,000 RM
3,000
3,450

Date Particular Sales Return Account Particular
12-Jan Cloud Enterprise RM Date

700

Purchase Return Account

Date Particular RM Date Particular

20-Jan Zeti Enterprise

Date Particular Drawings Account Particular RM
21-Jan Bank RM Date
1,000 RM
RM
Cash Register Machine Account 28,000
RM
Date Particular RM Date Particular
22-Jan RM
Bank 780
RM
Loan Account RM

Date Particular RM Date Particular RM

9-Jan Bank

Date Particular Utility Account Particular
27-Jan Bank RM Date
500

Date Particular Advertising Account Particular
5-Jan Cash RM Date
700

Date Particular Stationery Account Particular
2-Jan Cash RM Date Particular
100
Date Particular
30-Jan Bank Salary Account
RM Date
1,400

Date Particular Discount Allowed Account Particular
7-Jan Cloud Enterprise RM Date
350

Commission Received Account

Date Particular RM Date Particular RM
500
16-Jan Cash
RM
Date Particular Rent Account Particular
24-Jan Bank RM Date

900

TRIAL BALANCE

Particular Blooming Beauty Cosmetic Empire Credit (Cr)
Trial Balance as at 31 January 2022 RM
Cash
Bank Debit (Dr) 123,500
Furniture RM 3,000
Vehicle 17,000
Capital 30,700 5,700
Purchases 76,920 28,000
Purchases return 10,000
Sales 38,500 500
Sales return
Cloud Enterprise 11,700
Zeti Enterprise
Drawings 700
Cash Register Machine 3,450
Loan
Utility 1,000
Salary 780
Discount allowed
Stationery 500
Advertising 1,400
Rent 350
Commission received 100
700
900

177,700 177,700

Additional Information:
i) Closing stock at 31 January 2022 has been valued as RM 2500.
ii) Accrued salary is RM 600 and prepaid commission received is RM 120.
iii) The vehicle is to be depriciated at 10% per annum using straight line method.

COMPREHENSIVE INCOME

Blooming Beauty Cosmetic Empire

Statement of Comprehensive Income for the year ended 31 January 2022

RM RM RM

Sales 17,000

(-) Sales Return 700

Nett Sales 16300

Purchase 11,700
(-) Return Purchases 3,000
Nett Purchases
(-) Closing Stocks 8700
Cost of sales 2500
Gross profit
6200
10100

(+) Revenue 380
Commission Received 10480

(-) Expenses 100
Stationery 350
Discount Allowed 700
Advertising 900
Shop rent 500
Utility 2000
Salary
Provision of Depreciation fot Vehicles (38500×10%) 3850

Nett Profit 8400
2080

FINANCIAL POSITION

Blooming Beauty Cosmetic Empire

Statement of Financial Position for the year ended 31 January 2022

RM RM RM
45,430
Fixed Assets

Cash Register Machine 780

Furniture 10,000

Vehicle 38,500

Provision for depreciation of Vehicle 3,850 34,650

Current Assets 30,700
Cash 76,920
Bank
Closing stock 2,500
Account Receivable 3,450

113,570
159,000

Owners equity 123,500
Capital 2080
Net Profit
125,580
(-)Drawings 1,000

Long Term Liabilities 124,580
Loan
28,000

Current Liabilities 5,700 6,420
Account Payables 600 159,000
Accrued Salary 120
Commision Received prepaid

THANK YOU

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