TABLE OF CONTENT
NUM. CONTENTS
PAGES
1.
Business profile
2
2.
Business transactions
3
3.
Journals
4-5
4.
Ledgers
6-13
5.
Trial Balance
14
1|Page
BUSINESS PROFILE
Name of business : SiKhaMi Furniture Sdn. Bhd. Place of business : Lot 31, Jalan Putra, Kek Lok Si Temple, Air Itam 10450, Penang. Main business : Sold home furniture. Core operation : Sold carpets and bed linen. Capital : RM 50,000. Financial year end : 1 January 2011 - 31 December 2011.
2|Page
BUSINESS TRANSACTIONS Date
Transaction
RM
2011 January 1 2
Started business with cash. Bank Delivery lorry Bought goods on credit from KingKoil
10,000 20,000 20,000 10,000
2
Sold goods on credit to Encik Adam
4,500
3
Sold goods on credit to Encik Furqan
900
3
Bought goods by cash
2,000
4
Made credit sales to Syarikat Pelangi
12,500
5
Purchase goods on credit from Muniandy
5,000
8
Made cash sales
1,000
10
Purchase goods from Alpha Trading on credit.
15,000
13
Returned goods bought on credit to Kingkoil
2,500
13
Sold goods received cash
750
16
Purchased goods by cash
1,500
17
Sold goods by cash
1,500
20
Cash paid for goods
5,000
21
Return goods to Alpha Trading
750
22
Goods returned by Encik Furqan
150
23
Purchased return to Muniandy
320
23
Encik Adam returned faulty goods
550
24
600
25
Syarikat Pelangi Sdn. Bhd returned goods due to wrong specifications Paid salaries by cash
400
25
Received commission by cheque
350
28
Paid a cheque for lorry repairs to Si Mekar Mechanics
1000
28
Paid wages by cash
200
30
Received rent by cheque from the tenant
320
3|Page
JOURNALS Sales Journal Date Jan 2 Jan 3 Jan 4
Particulars Encik Adam Encik Furqan Syarikat Pelangi Sdn.Bhd.
Invoice no.
Folio SL SL SL
RM 4,500 900 12,500
Invoice no.
Folio PL PL PL
RM 10,000 5,000 10,000
Invoice no.
Folio
RM 150 550 600
Invoice no.
Folio
RM 2,500 750 320
Purchases Journal Date Jan 2 Jan 5 Jan 10
Particulars KingKoil Muniandy Alpha trading
Return Inwards Journal Date Jan 22 Jan 23 Jan 24
Particulars Encik Furqan Encik Adam Syarikat Pelangi Sdn. Bhd.
Return Outwards Journal Date Jan 13 Jan 21 Jan 23
Particulars Kingkoil Alpha trading Muniandy
4|Page
Cash Receipt Journal Date
Accounts credited
Folio
Bank (dr) RM
Jan 8 Jan 13 Jan 17 Jan 25
Sales Sales Sales Commission received
Cash (dr) RM 1,000 750 1,500
Discount allowed (dr) RM
Debtors (cr) RM
Sales (cr) RM 1,000 750 1,500
350
TOTAL
350
Other amount (cr) RM
350 3,250
3,250
350
Cash Payment Journal Date
Accounts debited
Folio
Bank (cr) RM
Jan 3 Jan 16 Jan 20 Jan 25 Jan 28 Jan 28 TOTAL
Purchases Purchases Purchases Salaries Si Mekar Mechanics Wages
Cash (cr) RM 2,000 1,500 5,000 400
Discount Creditors Purchase received (cr) (dr) (dr) RM RM RM 2,000 1,500 5,000
400 1,000
1,000
1,000
Other amount (cr) RM
200 9,100
8,500
200 1,600
General Journal Date Jan 1
Particular Cash Capital Bank Capital Delivery lorry Capital
Folio GL GL GL GL GL GL
Debit 10,000
Credit 10,000
20,000 20,000 20,000 20,000
5|Page
LEDGERS Capital DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 31
c/d
50,000
Jan 1
Cash
10,000
Jan 1
Bank
20,000
Jan 1
Delivery lorry
20,000
50,000
50,000 Feb 1
b/d
50,000
Cash DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 1
Capital
10,000
Jan 3
Purchases
2,000
Jan 8
Sales
1,000
Jan 16
Purchases
1,500
Jan 13
Sales
750
Jan 20
Purchases
5,000
Jan 17
Sales
1,500
Jan 25
Salaries
400
Jan 28
Wages
200
Jan 31
c/d
4150
13250 Feb 1
b/d
13250
4150
6|Page
Bank DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 1
Capital
20,000
Jan 28
1,000
Jan 25
Commission received Rent received
350
Jan 31
Si Mekar Machines c/d
Jan 30
320 20670
Feb 1
b/d
19670
20670
19670
Delivery Lorry DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 1
Capital
20,000
Jan 31
c/d
20,000
20,000 Feb 1
b/d
20,000
20,000
7|Page
Purchases DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 2
Kingkoil
10,000
Jan 31
c/d
38,500
Jan 3
Cash
2,000
Jan 5
Muniandy
5,000
Jan 10
Alpha Trading
15,000
Jan 16
Cash
1,500
Jan 20
Cash
5,000 38,500
Feb 1
b/d
38,500
38,500
Kingkoil DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 10
Return outwards
2,500
Jan 2
Purchases
10,000
Jan 31
c/d
7,500 10,000
10,000 Feb 1
b/d
7,500
8|Page
Encik Adam DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 2
Sales
4,500
Jan 23
Return inwards
550
Jan 31
c/d
3,950
4,500 Feb 1
b/d
4,500
3,950
Sales DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 31
c/d
21,150
Jan 2
Encik Adam
4,500
Jan 3
Encik Furqan
900
Jan 4
Syarikat Pelangi
12,500
Jan 8
Cash
1,000
Jan 13
Cash
750
Jan 17
Cash
1,500
21,150
21,150 Feb 1
b/d
21,150
9|Page
Encik Furqan DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 3
Sales
900
Jan 22
Return inwards
150
Jan 31
c/d
750
900 Feb 1
b/d
900
750
Syarikat Pelangi DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 4
Sales
12,500
Jan 24
Return inwards
600
Jan 31
c/d
11,900
12,500 Feb 1
b/d
12,500
11,900
Muniandy DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 23
Return outwards
320
Jan 5
Purchases
5,000
Jan 31
c/d
4,680 5,000
5,000 Feb 1
b/d
4,680
10 | P a g e
Alpha Trading DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 21
Return outwards
750
Jan 10
Purchases
15,000
Jan 31
c/d
14,250 15,000
15,000 Feb 1
b/d
14,250
Return Outwards DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 31
c/d
3,570
Jan 13
Kingkoil
2,500
Jan 21
Alpha Trading
750
Jan 23
Muniandy
320
3,570
3570 Feb 1
b/d
3,570
Return Inwards DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 22
Encik Furqan
150
Jan 31
c/d
1,300
Jan 23
Encik Adam
550
Jan 24
Syarikat Pelangi
600 1,300
Feb 1
b/d
1,300
1,300
11 | P a g e
Salaries DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 25
Cash
400
Jan 31
c/d
400
400 Feb 1
b/d
400
400
Wages DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 28
Cash
200
Jan 31
c/d
200
200 Feb 1
b/d
200
200
Commission Received DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 31
c/d
350
Jan 25
Bank
350
350
350 Feb 1
b/d
350
12 | P a g e
Rent Received DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 31
c/d
320
Jan 30
Bank
320
320
320 Feb 1
b/d
320
Si Mekar Mechanics DEBIT
CREDIT
DATE
PARTICULAR
AMOUNT (RM)
DATE
PARTICULAR
AMOUNT (RM)
Jan 28
Bank
1,000
Jan 31
c/d
1,000
1,000 Feb 1
b/d
1,000
1,000
13 | P a g e
TRIAL BALANCE Particulars
Debit (RM)
Bank
19,670
Delivery Lorry
20,000
Capital Purchase
Credit (RM)
50,000 38,500
Kingkoil
7,500
Sales
21,150
Encik Adam
3,950
Encik Furqan
750
Cash
4,150
Syarikat Pelangi
11,900
Muniandy
4,680
Alpha Trading
14,250
Return outwards
3,570
Return inwards
1,300
Salaries
400
Commission received
350
Si Mekar Mechanics
1,000
Wages
200
Rent received
320 101820
101820
14 | P a g e
