Million Accounting Workbook with gst.pdf

A Step-by-Step Million Million Accounting Workbook Workbook

This workbook is designed according to the latest version of MILLION Accounting Software. It is catered mainly for companies which would like to computerise their account departments. The simple “step-by-step” guide aids beginner understanding. It is in every confidence that this workbook will beneficial to all.

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means; electronic, mechanical, photocopying, recording and or otherwise, without the prior written permission of Million Software Sdn Bhd No patent liability is assumed with respect to the use of the information contained herein. Every precaution has been made to supply complete and accurate information. However, Million Software .neither resumes responsibility for its use, nor for any infringement of patents or other rights of third parties which would result. COPYRIGHT 2011. Million SOFTWARE Sdn Bhd (Last Modified on June 2014)

Published By: MILLION SOFTWARE SDN BHD Head Office: 35A, Jalan Kebudayaan 4, Taman University, 81300 Skudai, Johor Bahru, Johor. Tel :+6(07)520 3434 Fax :+6(07)520 1949 Branch Office: 72-2,Persiaran Bayan Indah, Bayan Bay, 11900 Bayan Lepas Penang. Tel: +6(04)638 4911 Website: www.million.my E-mail: [email protected] / [email protected]

Copyright of Million Software Sdn Bhd

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1


1. System Requirements Before we continue, please ensure that your computer has the minimum specifications mentioned below.

Processor Type

Pentium 4 or higher

Processor Speed

1GHz or higher

Operating System

Microsoft Windows XP or later

Memory (RAM)

1GB or more

Hard Disk

Approximately 1GB of available hard-disk space

Display

Super VGA (1024 X 768) or higher-resolution video adapter or monitor

Other Devices

Mouse or compatible pointing devices


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2


1. System Requirements Before we continue, please ensure that your computer has the minimum specifications mentioned below.

Processor Type

Pentium 4 or higher

Processor Speed

1GHz or higher

Operating System

Microsoft Windows XP or later

Memory (RAM)

1GB or more

Hard Disk

Approximately 1GB of available hard-disk space

Display

Super VGA (1024 X 768) or higher-resolution video adapter or monitor

Other Devices

Mouse or compatible pointing devices


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2


CONTENTS Page

1.

Preface

1

2.

System Requirement

2

3.

Content

3

4.

Lesson 1

- Setting Company Profile - Create chart of accounts - Create Debtor & Creditor account - Organise batches - Add / Edit / Delete Transaction - Print Reports - Assignment 1

4-8

5.

Lesson 2

- Open Item Debtor & Creditor - Foreign Currency Transaction - Enter opening balance - Maintain Stock Value - Post Dated Cheques - Bank Reconciliation Statement - Transaction involving period 13 - Year End Processing - Assignment 2

8 – 15

6.

Lesson 3

- Departmental Account - Assignment 3

16 - 19

7.

Lesson 4

- Manufacturing Account - Maintain Multiple Stock Value - Assignment 4

20 - 23

8.

Lesson 5

- Non Profit Organization Account -Assignment 5

24 - 27

9.

Lesson 6

GST Assignment

28 - 32

10. Answers for Assignments

33 - 45

11. Appendix I

46 - 51

- Sample Chart of accounts - Trading Company - Manufacturing Company - Non-Profit Organisation Account


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3


Lesson 1

Objectives: Learn how to: (1)

Set up Company Profile

(2)

Create Chart of Accounts

(3)

Debtor and Creditor File Maintenance

(4)

Maintain Batches

(5)

Be able to differentiate between Single and Fast Fast Entry at GL Transaction

(6)

Print the Chart of Accounts, Accounts, General Ledger and Trading and Profit & Loss Loss Account Account

(7)

Learn the correct way to backup your directory

(8)

Edit Chart of Accounts

(9)

Learn how to Search for a Transaction Edit a Transaction Delete a Transaction

• • •


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4


ASSIGNMENT 1 G Company , to add the following Go to System  fo llowing company profile General eneral Setup  Company

Company Name Registration No. Accounting Period Actual Start Date

: Sunrise Trading Sdn Bhd : 168958-A : 01/01/2012 – 31/12/2012 : 01/01/2012

Set the format type for the accounts a ccounts codes: Account Format: XXXX/XXXX XXXX/XXXX ( System  General General Setup  Options Options ) )

1. Create the following Chart Chart of Account Numbers: (Go to General  GL GL Accounts  Add Add the below general chart of accounts.)

Account Number

A/C Description Descripti on

A/C Group

Classified As

1000/0000 1050/0000

Capital Retained Earning

Capital & Reserves Capital & Reserves

Retained Earning

1051/0000

Current Profit & Loss

Capital & Reserves

Current Year Profit / (Loss)

3000/0000

Trade Debtors

Current Assets

Debtor

3010/0000 3020/0000

Bank Cash In Hand

Current Assets Current Assets

Bank Cash

4000/0000 5000/0000

Trade Creditors Sales

Current Liabilities Revenue

Creditor Sales

6010/0000 9001/0000

Purchases Discount Allowed

Cost Of Goods Sold Expenditure

Purchases -

9005/0000 9010/0000

Salaries Telephone

Expenditure Expenditure

-

9015/0000

Water & Electricity

Expenditure

-

2. Add the following Debtors: (Go to Debtors  Debtor Debtor Maintenance  Add )

Billing Address

Phone Numbers

Debtor No.

Name

3000/M001 3000/M002 3000/S001

Maya Plastic Trading 112, Jalan Payu, Tampoi, JB 07-3340707 Microsoft Sdn Bhd No. 5, Jalan Harimau, KL 03-9543262 Sakura Communication Co 333, Jalan Bintang, Penang 04-3322556

3. Add the following Creditors: (Go to Creditors  Creditor Creditor Maintenance  Add )

Creditor No. 4000/A001 4000/T001

Name Aloha Corporation Time Dotcom Sdn Bhd


Address No. 10, Jalan Suria 19, JB No. 56, Jalan Merah, KL

Phone Numbers 07-3328378 03-5432626 Page

5

A Step-by-Step Million Accounting Workbook

4.

Create the following batches: (General  Batch  )  Add

Code 10 20

30 40 50

Description CREDIT SALES CREDIT PURCHASES

Batch Type Sales Purchases

BANK CASH CN / DN

Bank Cash Journal

( Select From Month = January To January  Year = 2012  Generate  Yes)

5.

Add the following Credit Sales Transactions (Go to Debtors  Invoice  Add )

02/01/2012 05/01/2012 06/01/2012

6.

Ref. No. Inv2001 Inv2002 Inv2003

RM 13,600.00 3,500.00 18,000.00

Ref. No. Purchased from Aloha Corporation Inv 2100 Purchased from Time Dotcom Sdn Bhd I 88556

RM 17,600.00 8,800.00

Sales to Maya Plastic Trading Sales to Microsoft Sdn Bhd Sales to Sakura Communication Co

Add the following Credit Purchases Transactions ( Go to Creditors  Purchases Invoice

01/01/2012 05/01/2012

7.

 Add

)

Add the following Bank Transactions (Go to General  Cash Book  Payment  Add)

Ref. No.

31/01/2012 31/01/2012 31/01/2012

8.

Salaries Telephone Water & Electricity

PV0101 PV0102 PV0103

RM

1,800.00 500.00 300.00

Add the following Cash Transactions (Go to General  Cash Book  Receipt  Add)

21/01/2012 31/01/2012

Cash Sales Cash Sales


Ref. No. CS 0001

RM 70.00

CS 0002

100.00

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6


9.

Add the following Receive Transactions. (Go to Debtors  Receive Payment  Add)

21/01/2012

Received Payment from Maya Plastic

Ref. No. OR0001

RM 13,000.00

10. Add the following Payment Transactions. (Go to Creditors  Pay Bills  Add)

31/01/2012

Paid to Time Dotcom Sdn Bhd

Ref. No. PV0104

RM 5,000.00

Ref. No. CN 0001

RM 600.00

11. Add the following Credit Note to Journal (Go to Debtors  Credit Note  Add )

31/01/2012

Being discount allowed to Maya Plastic Trading for Invoice No.: Inv2001

12. View the following Reports: (i) Print Batch of Transactions (General  More Report  Print Batch Of Transaction) (ii) Bank Ledger (General  View Ledgers) (iii) Trial Balance (General  Trial Balance) (iv) Trading And Profit & Loss Account (General  Profit & Loss Account) 13. Save a copy of data into hard disk (C drive), or others drive. (i) Go to System B ackup Database (ii) Enter the directory path as C:\BACKUP\ SUNRISE\ (iii) Click on the Backup button to backup.

Experiments 1. Change the Account Description from “Telephone” to “Telephone Charges”. (Go to General  GL Accounts  Filter  Edit)

2. Change the Sales amount for Maya Plastic Trading from RM13, 600.00 to RM13, 600.50 . (Go to Debtors  Invoice  Filter  Edit  Reverse)

3. Delete the entire transaction for Cash Sales No. CS 0001 of RM70.00 . (Go to General  Cash Book  Receipt  Delete)

4. Change the Bank Account Number from 3010/000 to 3050/0000. (Go to System  Administrative Tools  Change Data  User ID & Password: Admin  Accounts) Copyright of Million Software Sdn Bhd

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Lesson 2 Objectives: (1)

Maintain Company Profile - Set the Accounting Year

(2)

Generate Sample Chart of Accounts -Trading Company

(3)

Debtor / Creditor - Maintain Debtor / Creditor accounts - B/F Transactions - Sales Invoice / Purchase Invoice - Receive Payment / Pay Bills - Knock off Bills

(4)

Enter Foreign Currency transaction

(5)

Cash Book entry - Payment - Receipt

(6)

Maintain Closing Stock Value

(7)

Post Dated Cheque

(8)

View Reports - Debtor Statement - Aging Reports - Payment Due

(9)

Year End Processing - Backup


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ASSIGNMENT 2 Company Profile (System  General Setup  Company)

Company Name

: Wong Long Sdn Bhd

R.O.C. No.

: 123456-A

Address

: 123 Jalan Seroja 39, Taman Johor Jaya, 81100 Johor Bahru

Accounting Year

: 01/01/2012 – 31/12/2012

Actual Starting Date

: 01/11/2012

Set the format type for the accounts codes: Account Format: XXXX/XXXX ( System  General Setup  Options )

1.

Create a Sample Chart Of Account (General  GL Accounts  Sample   Trading Account  Generate  enter ‘admin’ user name & password  Login  Yes  OK)

2. Maintain Debtors Accounts (Debtors  Debtor Maintenance  Add)

Debtor A/C 3000/S001 3000/S002 3000/U001 3000/V001

Name Sakura Trading Sdn Bhd Seng Tech Sdn. Bhd. United Co. Sdn Bhd Victor Pte. Ltd

Currency: SGD

Currency Rate: 2.30 *

(Go to General  dd  M iscellaneous   Currency   SGD   Exchange Rate  A  Date from 01/11/2012 To 30/11/2012   Save)

3.

Creditors Accounts (Creditors

 Creditor

Creditor A/C 4000/L001

Maintenance  Add)

Name Lee C.S. Sdn Bhd


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4. Enter the following opening as at 31/10/2012 (General  A/C Opening Balance)

Description

Debit (RM)

Capital Retained Earning Sakura Trading United Co. S/B Bank –PBB A/C Cash Stock Lee C. S. Sdn Bhd

Credit (RM) 18,000.00 1,150.00

9,500.00 3,500.00 9,000.00 150.00 8,000.00 30,150.00

11,000.00 30,150.00

Note : Lock the opening balance.

5. The Company has two debtors and their Unpaid Bills till 31/10/2012 are shown below (Debtors  B/F Transaction  Add)

Date 01/09/2012 03/09/2012 18/10/2012 24/10/2012 05/08/2012 29/08/2012

Account No. 3000/S001 3000/S001 3000/S001 3000/S001 3000/U001 3000/U001

Bill No. I 9801 I 9802 I 9803 I 9804 I 9805 I 9806

Description Sales Sales Sales Sales Sales Sales

Amount (RM) 2,500.00 1,800.00 3,500.00 1,700.00 1,950.00 1,550.00

Note : Use the ‘ List ’ button to check whether there is difference between debtor opening balance and total B/F transaction.

6. Generate Lee C. S. Sdn Bhd Outstanding Bills from opening balance (Creditors

 B/F

Transaction  List  Generate

)   Yes

7. Generate a set of Batches for November 2012 (General  Batch  Add  Sample

Code

 Yes  OK

)

Description

Batch Type

10

Sales

Sales

20 30

Purchases Bank

Purchase Bank

40 50

Cash Journal

Cash Journal

(Select  From Month = November to December  Year = 2012  Generate  Yes)


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10


8. Enter the following transactions for the month of November 2012 Batch: Sales (Debtors  Invoice  Add)

Date 01/11/2012 02/11/2012

Description Sakura Trading United Co.

Ref No. I 9820 I 9821

26/11/2012 28/11/2012 30/11/2012

United Co. Seng Tech Sdn Bhd Victor Pte. Ltd

I 9822 I 9823 I 9824

Amount 1,230.00 1,010.00

250.00 500.00 $500.00

(Currency Rate : 2.30)

9. Batch: Purchases (Creditors

 Purchase

Invoice  Add)

Date

Description

Ref No.

Amount

07/11/2012 21/11/2012

Lee C. S. S/B Lee C. S. S/B

8208 8220

2,300.00 1,100.00

10. Batch: Bank (Debtors  Receive Payment

Date 02/11/2012

 Add)

Description Sakura Trading

Chq No. PBB155661

Ref No. OR0001

Amount 2,500.00

RHB224455

OR0002

1,000.00

RHB221158

OR0003

550.00

PBB155770

OR0005

4,500.00

TLB551144

OR0006

500.00

SBB553222

OR0007

$500.00

PBB155800

OR0009

1,230.00

RHB233100

OR0010

250.00

Chq No. BOC776601 PBB144333 BOC776602

Ref No. OR0004 OR0008 OR0011

Amount 1,000.00 500.00 1,000.00 Page 11

Pay For:I 9801

02/11/2012

United Co. Pay For:I 9806

07/11/2012


24/11/2012

Sakura Trading Pay For:I 9803 & I 9804

28/11/2012

Seng Tech Sdn Bhd Pay For:I 9823

30/11/2012

Victor Pte.Ltd Pay For:I 9824

(Currency Rate : 2.20)

01/12/2012

Sakura Trading Pay For:I 9820

28/12/2012


11. (General  Cash Book  Receipt  Add) Date Description 08/11/2012 Rental Income 01/12/2012 Sundry Income 05/12/2012 Rental Income Copyright of Million Software Sdn Bhd


12.

(General  Cash Book

Date 05/11/2012 28/11/2012 28/12/2012

13.

Description Water & Electricity Salary Salary

Chq No. PBB886601 PBB886602 PBB886605

Ref No. PV0001 PV0002 PV0003

Amount 180.00 1,800.00 2,000.00

Ref No. CV0001 CV0002

Amount 15.00 20.00

Ref No. CS 0001 CS 0002

Amount 300.00 100.00

Ref No. CN0001

Amount 700.00

Batch: Cash (General  Cash Book

Date 20/11/2012 25/11/2012

14.

 Payment  Add)

Description Stationery Stamps

(General  Cash Book

Date 05/11/2012 17/11/2012

15.


 Receipt  Add)

Description Cash Sales Cash Sales

Batch: Journal (Debtors  Credit Note  Add)

Date 28/11/2012

Description Goods Return from Sakura

For Invoice no.: I 9804 16.

Enter Closing Stock Value for Year 2012 (General  Maintain Stock Value  Add  Save  Enter Closing Stock  Add )

Opening Stock Value as at 01/11/2012 = RM 8,000.00 Closing Stock Value as at 31/12/2012 = RM2,200.00 17.

Received a Post Dated Cheques (PDC) from a Debtor (i) Enter the following PDC transaction Batch: Bank – Dec 2011 (Debtors  Receive Payment

Date 25/12/2012

 Add)

Description Sakura Trading

(Pay For) (I 9802)

Chq No. PBB155886

Ref No. PDC12/01

Amount 1,800.00

(ii) View Debtor Statement for 30 Nov 2012 (Debtors  Debtor Reports  Debtor Statement  Print  Preview)


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18.

The following is the Bank Statement as at 31/10/2012 (General  Bank Reconciliation  Select ‘Bank – PBB A/C’  Edit  Maintain B/F Trans  Add)

Bank Reconciliation Statement as at 31/10/2012 Balance as per Bank Statement

7,500.00

Add: Deposits Not Credited By Bank 01/10/2012 OR 2145 Sakura Trading Sdn Bhd PBB 149875

2,000.00

20/10/2012 OR 2166 Rental Received MBB 154477

1,800.00

3,800.00 11,300.00

Less: Unpresented Cheque 28/10/2012 PV 1897 Water & Electricity PBB234891 30/10/2012 PV1854 Rental PBB146321 Balance as per Bank Account


500.00 1,800.00

2,300.00 9,000.00

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The following is the Bank Statement as at 30/11/2012

19.

(General  Bank Reconciliation  Select ‘Bank – PBB A/C’  Edit  Select the Statement Date = November 2012  Refresh)

PUBLIC BANK BERHAD (Johor Bahru)

Statement

Wong Long Sdn Bhd 123, Jalan Seroja 39, Taman Johor Jaya,

(Customer Copy)

81100 Johor Bahru, Johor. Date

Transaction Description

Transaction Amount (RM)

05/11/2012 09/11/2012 20/11/2012 28/11/2012 30/11/2012

Balance B/F Local Cheque Deposit Debit Cheque Deposit Debit Cheque Deposit Debit Cheque Deposit Debit Cheque

155661 224455 776601 155770 886602

Total of debit items : Total of credit items :

2,500.00 1,000.00 1,000.00 4,500.00 1,800.009,000.00 1,800.00

Balance (RM) 7,500.00 10,000.00 11,000.00 12,000.00 16,500.00

14,700.00 4 1

Note: 1. All items and balances shown above will be considered correct unless the Bank is notified of any discrepancy within 14 days. 2. Please notify us of any change of address in writing.



20.

View the Bank Reconciliation Statement as at November 2012 Result: Balance as per Bank Statement = RM 14,700.00 Balance as per Bank Account = RM 18,170.00 Experiment (i) The bill for United Co. OR 0003 is wrongly knocked off and should be knocked off against Invoice no.: I 9806 instead. Reverse Bills (Debtors  Knock Off Bill  Edit  Reverse) Knock Off again the correct Invoice with the payment. • •

(Debtors  Knock Off Bill  Edit  Edit)

21. View the following debtors reports for Nov 2012 (i) Preview Debtor Statement (Debtors  Debtor Reports  Debtors Statement  OK  Statement Date: 30/11/2012 ) Copyright of Million Software Sdn Bhd

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(ii) Preview Debtor Aging (Debtors  Debtor Reports  Debtors Aging  OK  To Date: 30/11/2012)  Aging

by ‘Month’)

(iii) Preview Debtor Payment Due (Debtors  Debtor Reports  Debtors Payment Due  OK

 To

Date: 30/11/2012 )

22. Enter the following Sales invoice for January 2013 (General  Batch  Add  From/To Month: January Year: 2013  Generate  Yes) (General  GL Transaction  Quick Entry  Sales Invoice  OK)

Batch: Sales Date 02/01/2013 05/01/2013 17/01/2013

Description Sakura Trading Sdn Bhd United Co. Sdn Bhd Seng Tech Sdn Bhd

Ref No. Inv 2093 Inv 2094 Inv 2095

Amount 1,600.00 5,000.00 1,530.00

23. Year end processing for Year 2012 (System  Backup Database

 Backup

To: C:\Backup\Wonglong\  Backup)

(System  Administrative Tools  Year End Closing  OK  enter admin user & password


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Lesson 3

Objectives: (1)

Learn how to use Project Code to handle Departmental Account

(2)

Learn how to maintain Department Stock Value

(3)

Learn how to use the Consolidated Account to print out columnised Profit & Loss Account for all the departments.

(4)

At the end of this assignment, the student should be able to apply the concept to other type of accounts such as contract accounts with many proj ects, branch accounts, organization with many cost centers, etc.


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ASSIGNMENT 3 Departmental Account 1.

Seng Long Supermarket has 3 departments’ accounts. The 3 departments are: Ladies, Gents & Children. Their accounting year starts from 01/01/2012 to 31/12/2012. Account Format: XXXX/XXXX ( System  General Setup  Options )

2.

Using the following codes to maintain the department codes respectively:(Go to General  Miscellaneous  Project  Add)

Project LD GT CD

Description Ladies Gents Children

Date Start 01/01/2012 01/01/2012 01/01/2012

Date Complete 31/12/2012 31/12/2012 31/12/2012

3. Maintain General accounts. (General  GL Accounts  Add)

A/C No. 1000/0000 1050/0000 1051/0000 3010/0000 3020/0000 3100/0000 4000/0000 5000/0000 6000/0000 6010/0000 6100/0000 9010/0000 9020/0000 9030/0000

A/C Description Capital Retained Earning Current Profit / Loss Cash In Hand Bank Stock Trade Creditor Cash Sales Opening Stock Purchases Closing Stock Salary Insurance Rental

Account Group Capital & Reserves Capital & Reserves Capital & Reserves Current Assets Current Assets Current Assets Current Liabilities Revenue Cost Of Goods Sold Cost Of Goods Sold Cost Of Goods Sold Expenditure Expenditure Expenditure

Classified As Retained Earning Current Year Profit/(Loss) Cash Bank Closing Stock Creditor Sales Opening Stock Purchases Closing Stock -

4. Maintain Creditor’s accounts (Creditors

 Creditor

Creditor No. 4000/L001 4000/R001 4000/J001


Company Name Lee Corporation R & D Fashion JJ Fashion


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17


5. Organise January’s batches (General  Batch  Add  Sample

 Yes  OK )

(Select  From Month = January To January  Year = 2012  Generate  Yes)

6. Enter the following transactions for the respective department: Purchases (Go to Creditors  Purchase Invoice  Add)

Date 01/01/2012 02/01/2012 09/01/2012

Description Lee Corporation R & D Fashion JJ Fashion

Departments

Ref. No.  Auto (PI001)  Auto  Auto

Ladies 6,000.00 3,000.00 9,000.00

Gents 5,000.00 1,000.00 4,800.00

Children 4,500.00 1,500.00 3,500.00

Cash (Go to General  Cash Book  Receipt  Add)

Date 11/01/2012 12/01/2012 13/01/2012

Description Cash Sales Cash Sales Cash Sales

Ref. No.  Auto (CS001)  Auto  Auto

Departments Ladies 10,000.00 5,000.00 12,000.00

Gents 8,000.00 3,000.00 6,800.00

Children 7,500.00 2,500.00 5,500.00

Bank (Go to General  Cash Book  Payment  Add)

Departments

Date 21/01/2012

Description Salary

Ref. No. Ladies  Auto (PV001) 1,600.00

21/01/2012 25/01/2012

Insurance Rental



Auto  Auto

300.00 900.00

Gents 1,500.00

Children 1,450.00

100.00 480.00

150.00 350.00

7. The stock value for each department ( Go to General  Maintain Stock Value  Add )

Stock as at 01/01/2012 (Opening) Stock as at 31/01/2012 (Closing)


Ladies 6,000.00 5,000.00

Gents 5,000.00 3,000.00

Children 4,500.00 1,500.00

Total 15,500.00 9,500.00

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Go to General

 Maintain

Stock Values to enter the above “Closing stock” values.

Project LD

Bal. Sheet Closing Stock 3100/0000

GT CD

3100/0000 3100/0000

Description Stock Stock Stock

P&L Opening Stock 6000/0000

P&L Closing Stock 6100/0000

6000/0000 6000/0000

6100/0000 6100/0000

8. View reports for each department: (i) View the respective departments’ Profit and Loss Account ; (Go to General  Profit and Loss Account

 Select

Project Code)

(ii) Print a consolidated Profit and Loss Account that includes all departments; (Go to General  More Report  Consolidated Account  Maintain  Generate  Generate Project  OK)


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19


Lesson 4 Objectives: Learn how to: (1)

Create a Chart of Account for Manufacturing Account

(2)

Use the function of Special Account function

(3)

Maintain Multiple Opening & Closing Stock account

(4)

Print Manufacturing Account


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20


ASSIGNMENT 4 Manufacturing Account CREATIVE INDUSTRIES SDN BHD wishes to control their using Million Accounting System. Their accounting year is from 01/01/2012 to 31/12/2012.

Account Format: XXXX/XXXX ( System  General Setup  Options )

1.

Create the following chart for the Manufacturing Account :

A/C No

A/C Description

A/C Group

Classified As

Group To

7000/0000

Manufacturing Account

Cost Of Goods Sold

Cost Of Goods Manufactured

7000/0000

7000/1000

Raw Material


-

7000/1000

7000/1010

Opening Stock – Raw


Opening Stock

7000/1000


Purchases

7000/1000

Material 7000/1020

Purchases Of Raw Material

7000/1030

Carriage Inwards


-

7000/1000

7000/1040

Closing Stock – Raw


Closing Stock

7000/1000

Material 7000/2000

Direct Labour


-

7000/2000

7000/2010

Product Wages


-

7000/2000

7000/2020

E.P.F. Contribution


-

7000/2000


-

7000/2000

(Production) 7000/2030

SOCSO Contribution (Production )

7000/3000

Factory Overhead


-

7000/3000

7000/3010

Factory Rental


-

7000/3000

7000/3020

Factory Expenses


-

7000/3000

7000/3030

Water & Electricity


-

7000/3000


-

7000/3000

(Factory) 7000/3040

Depreciation of Plant & Machinery

7000/4000

Packing Material


-

7000/4000

7000/4010

Opening Stock –


Opening Stock

7000/4000


Purchases

7000/4000


Closing Stock

7000/4000


-

7000/5000

Packing Material 7000/4020

Purchases of Packing Material

7000/4030

Closing Stock – Packing Material

7000/5000

Work – In – Progress


Page

21


7000/5010

Opening – Work – In –


Opening Stock

7000/5000


Closing Stock

7000/5000

Progress 7000/5020

Closing – Work – In – Progress

1000/0000

Capital

Capital & Reserves

-

1000/0000

1050/0000

Retained Earning

Capital & Reserves

Retained Earning

1050/0000

1051/0000

Current Profit & Loss

Capital & Reserves


1051/0000

2001/0000

Plant & Machinery

Fixed Assets

Fixed Assets

2001/0000

2001/0050

Accum. Deprn. – Plant

Fixed Assets

Accumulated Depreciation

2001/0000

& Machinery 3010/0000

Cash At Bank

Current Assets

Bank

3010/0000

3020/0000

Stock

Current Assets

Closing Stock

3020/0000

3020/1000

Stock – Raw Material

Current Assets

Closing Stock

3020/1000

3020/4000

Stock – Packing

Current Assets

Closing Stock

3020/4000

Current Assets

Closing Stock

3020/5000

Material 3020/5000

Stock – Work – In – Progress

2. Organise January’s batches (General  Batch

)  Add  Sample  Yes  OK


3. Add the following transactions for Jan’2012 : (Go to General  Cash Book  Payment  Add)

Bank Book – Jan’2012 Date Description 01/01/2012 Purchase of Raw Material 01/01/2012 Carriage Inward

Ref. No. PV2001 PV2002

Amount 38,000.00 120.00

07/01/2012 07/01/2012 07/01/2012 07/01/2012 15/01/2012 15/01/2012 18/01/2012 20/01/2012

PV2003 PV2004 PV2005 PV2006 PV2007 PV2008 PV2009 PV2010

5,000.00 600.00 50.00 3,000.00 30.00 1,000.00 800.00 1,200.00

Ref. No. JV2001

Amount 5,600.00

Production Wages E.P.F. Contribution (Production) SOCSO Contribution (Production) Factory Rental Factory Expense Water & Electricity (Factory) Upkeep of Machinery (7000/3050) Purchase of Packing Material

Journal – Jan’2012 (General  GL Transaction

Date 31/01/2012

 Add)

Description Depreciation of Plant & Machinery


Page

22


4. The figures for Opening & Closing Stock as at 31/01/2012 are as follows: ( Go to General  Maintain Stock Value  Add )

Raw Material Packing Material Work-in-progress

Opening Stock 60,000.00 3,000.00

10,000.00

Closing Stock 58,000.00 1,600.00

11,000.00

Go to General  Maintain Stock Values to enter the above stock values. Project

Bal. Sheet Closing Stock 3020/1000

Description Stock

3020/4000 3020/5000

Stock Stock

P&L Opening Stock 7000/1010

P&L Closing Stock 7000/1040

7000/4010 7000/5010

7000/4030 7000/5020

5. Print the following Financial Reports: Manufacturing Account (General  More Reports  Manufacturing Account) ii) Profit and Loss Account (General  Profit & Loss Account) iii) Balance Sheet (General  Balance Sheet) i)


Page

23



Set up Company Profile

(2)

Create Chart of Accounts

(3)

Enter Opening Balance for The first month of financial year 

(4)

Organise Batches

(5)

Add / Edit Transactions

(6)

Edit Account Type Description

(7)

View Report


Page

24


ASSIGNMENT 5 1. Company Profile (System  General Setup  Company)

Company Name

: XYZ Social Club

Address

: 123 Jalan Seroja 47, Taman Johor Jaya, 81100 Johor Bahru

Accounting Year

: 01/01/2012 – 31/12/2012


: 01/01/2012

Set the format type for the accounts codes: Account Format: XXXX/XXXX ( System  General Setup  Options )

General Accounts Account Number

A/C Description

A/C Group

Classified As

1000/0000

Accumulated Fund B/F

Capital & Reserved

Retained Earning

1001/0000 2010/0000

Accumulated Fund Furniture & Fitting

Capital & Reserved Fixed Assets

Current Year Profit / Loss Fixed Assets

2020/0000 3010/0000

Premises Bank

Fixed Assets Current Assets

Fixed Assets Bank

3020/0000 3030/0000

Cash In Hand Subscription in Arrears

Current Assets Current Assets

Cash -

4000/0000 4005/0000

Subscription in Advance Other Creditors

Current Liabilities Current Liabilities

-

8010/0000 8020/0000

Member Subscription Entrance Fees

Other Revenue Other Revenue

-

8030/0000 8040/0000

Donation Ground Rent


-

8050/0000 8060/0000

Locker Rent Social Activities


-

9001/0000 9005/0000

Rent and Rates Salaries & Wages


-

9010/0000 9015/0000

Telephone Charges Water & Electricity


-

9020/0000 9025/0000

Printing & Stationery Sundry Expense


-

9030/0000

Upkeep of Furniture & Fitting

Expenditure

-

9040/0000

Expenses of Social Activities

Expenditure

-


Page

25


2. Following are the opening balances as at 01/01/2012: (Go to General  Account Opening Balance)

Description

Debit (RM)

Accumulated Fund B/F Furniture & Fitting Premises Bank Cash In Hand Subscription in Advance

Credit (RM)

60,000.00 15,000.00 20,000.00 25,000.00 500.00 60,500.00

500.00 60,500.00

3. Organise the batches as follows: (General  Batch

)  Add  Sample  Yes  OK


Code 10

20 30 40 50

Description Bank Receipts

Batch Type Bank

Bank Payments Cash Receipts Cash Payments Journal

Bank Cash Cash Journal

4. Following are the transactions for January 2012 Bank Receipts – Jan’12 (Go to General  Cash Book  Receipt  Add)

Date 01/01/2012 10/01/2012

Description Ground Rent Members Subscription

Bill No. OR 2001 OR 2002

Cheque No. SBB420000 PBB123410

Amount 2,800.00 3,500.00

11/01/2012 31/01/2012 31/01/2012 31/01/2012

Donation Entrance Fees Members Subscription Social Activities

OR 2003 OR 2004 OR 2005 OR 2006

RHB433210 PBB420003 PBB441152 CBB545541

1,000.00 1,200.00 4,500.00 6,000.00

Bill No.

Cheque No.

Amount

PBB355001 PBB355002 PBB355003 PBB355004

1,000.00 3,000.00 2,500.00 500.00

Bank Payments – Jan’12 (Go to General  Cash Book  Payment  Add)

Date

Description

15/01/2012 15/01/2012 15/01/2012 15/01/2012

Desks and Chairs (F&F) BPV 1001 Rental BPV 1002 Salaries BPV 1003 Upkeep of Furniture & Fitting BPV 1004


Page

26


15/01/2012 30/01/2012

Water & Electricity BPV 1005 Expenses of Social Activities BPV 1006

PBB355005 PBB355006

800.00 2,100.00

Cash Receipts – Jan’12 (Go to General  Cash Book  Receipt  Add)

Date 01/01/2012

Description Members Subscription

Bill No. OR 8200

Amount 800.00

05/01/2012 31/01/2012

Entrance Fees Locker Rent

OR 8201 OR 8202

200.00 450.00

Cash Payments – Jan’12 (Go to General  Cash Book  Payment  Add)

Date 31/01/2012 31/01/2012 31/01/2012

Description Cleaning Fee Upkeep of Furniture & Fitting Sundry Expenses

Bill No. CPV 001 CPV 002 CPV 003

Amount 1,000.00 40.00 1,000.00

31/01/2012

Stationery

CPV 004

60.00

5. Experiments i)

Change the Bank Received from Members Subscription on 31/01/2012 from RM4,500.00 to RM4,800.00 .

ii) Change the Word “Other Revenue” to “ Income ” ( Go to System  Administrative Tools  Account Group )

iii) Change the “Trading And Profit And Loss Account ” to “Income And Expenditure Account ” “NET PROFIT/(LOSS) “ to “ Accumulated Fund ” and “RETAINED PROFIT/(LOSS)” to “Accumulated Fund B/F ” ( Go to General  Profit and Loss Account  Print  Edit Report Wording )

6. View the following information: (i) Chart of Accounts; (ii) Trial Balance as at 31/01/2012; (iii) Trading And Profit & Loss for the month ended 31/01/2012; (iv) Balance Sheet as at 31/01/2012;


Page

27



Set up GST code

(2)

Transaction with GST Debtor Invoice  Creditor Invoice 

(3)

View GST report GST Transaction Listing  GST FORM 3  Generate GAF  GST Accrual report 


Page

28


ASSIGNMENT 6 Company Profile (System  General Setup  Company)

Company Name

: Wonderful Sdn Bhd

R.O.C. No.

: 234567-H

TAX No.

: 345678

Address

: 12 Jalan Permas Jaya 2/10, Taman Permas Jaya, 81100 Johor Bahru

Accounting Year

: 01/01/201x – 31/12/201x


: 01/11/201x

Set the format type for the accounts codes: Ensure Account Format: XXXX/XXXX and GST entry is set up (System  General Setup  Options s elect GST Format M Y)

1. Create a Sample Chart Of Account (General  GL Accounts  Sample  user name & password ��

 Trading

Account  Generate  enter ‘admin’

 Login  Yes  OK)

Set up GST code (General Miscellaneous GST Sample  Select GST Output tax/Input tax A/C No.

 Generate �

3. Maintain Debtors Accounts (Debtors

 Debtor


Debtor A/C

Name

3000/A001 3000/T002 3000/U001

Apple Trading Sdn Bhd Tomato Design Sdn. Bhd. United Co. Sdn Bhd

Default GST

SR ZR SRI

4. Creditors Accounts (Creditors  Creditor Maintenance  Add) Creditor A/C 4000/C001

Name Lee C.S. Sdn Bhd

Default GST TX6

5. Add the following Nominal Accounts: Some account codes may have already been set up. Check and set up new accounts as required. (General  GL Accounts  Add) Copyright of Million Software Sdn Bhd

Page

29


GL Number

Account Name

9050/0000

Vehicle Repairs &Maintenance

Account Type P&L

Account Group

Expenditure

Classified as -

GST Code TXI

6. Enter the following opening as at 31/10/201x (General

 A/C

Opening Balance)

Description

Capital Retained Earning Apple Trading United Co. S/B Bank –PBB A/C Cash Stock Lee C. S. Sdn Bhd

Debit

Credit

(RM)

(RM) 23,000.00 2,250.00

8,300.00 3,300.00 5,000.00 1,150.00 5,000.00 2,500.00 25,250.00

25,250.00

Note : Lock the opening balance.

7. The Company has two debtors and their Unpaid Bills till 31/10/201x are shown below (Debtors  B/F Transaction  Add) Date 01/09/201x

Account No. 3000/A001

03/09/201x 18/10/201x 05/08/201x 29/08/201x

3000/A001 3000/A001 3000/U001 3000/U001

Bill No. Description INV 7801 Sales

INV 7802 INV 7803 INV 7804 INV 7805

Sales Sales Sales Sales

Amount (RM) 2,800.00

1,900.00 3,600.00 1,850.00 1,450.00

Note : Use the ‘ List ’ button to check whether there is difference between debtor opening balance and total B/F transaction.

8.

Generate Lee C. S. Sdn Bhd Outstanding Bills from opening balance (Creditors  B/F Transaction  List  Generate  )  Yes

9. Generate a set of Batches for November 201x (General  Batch  Add  Sample Code

 Yes  OK

)

Description

Batch Type

10

Sales

Sales

20

Purchases

Purchase

30

Bank

Bank

40

Cash

Cash

50

Journal

Journal


Page

30


(Select  From Month = November to December  Year = 201X  Generate  Yes)

10.

Enter the following transactions for the month of November 201x (Debtors  Invoice  Add) Date Description 01/11/201x Sales to Apple Trading 02/11/201x Sales to Tomato Design 26/11/201x Sales to United Co. Pte Ltd 28/11/201x Sales to Seng Tech

Ref.No. INV 8920 INV 8921 INV 8922 INV 8923

Amount 1,230.00 250.00 1,000.00 USD 200.00

GST type SR ZR SRI ZR

* Exchange Rate: 3.78

11. Enter the following transaction of Purchase (Creditors

 Purchase

Invoice  Add)

Date

Description

Ref No.

Amount

07/11/201x 21/11/201x

Lee C. S. S/B Lee C. S. S/B

8308 8320

1,300.00 2,200.00

GST type

TX6 TX6

12. Enter the following transaction of Receive Payment (Debtors  Receive Payment  Add) Date

Description

Cheque No.

Ref.No.

Amount

28/12/201x

Apple Trading

PBB155661

OR0001

2,800.00

RHB224455

OR0002

1,850.00

RHB221158

OR0004

250.00

Pay For:INV7801

29/12/201x

United Co. Pay For:INV7804

30/12/201x

Tomato Design. Pay For:INV8921

13. Create the following customer credit note: On 23 Nov 201x, Issue a Credit Note No 100 to United Co. due to overcharges RM100 for the Invoice No. INV7805 (Debtors  Credit Note  Add )

14.

Enter the following Petty Cash Transactions: (General

 Cash

Book



Page

31


Petty Cash Voucher No.

15.

Date

Details

Amount RM

Tax

PCV 100

18-11-1x

Office Stationery

58.50

Including tax

PCV 101

18-11-1x

DHL Courier

148.40

Including tax

PCV 102

18-11-1x

Coffee & Sugar

45.00

Zero-rated

Enter the following Bank Transactions: (General  Cash Book  Payment  Add)

Reference No

Date

Details

Amount RM

Tax

RH100004

10-12-1x

Fire Insurance No. 8899

212.00

Including GST 6%

RH100005

12-12-1x

No. 1234 Van repairs

550.00

Excluding GST 6%

RH100006

14-12-1x

Forward Telecom Telephone bill

358.00

Including GST 6%

RH100007

16-12-1x

Advertising No. 3344

215.00

Including GST 6%

RH100008

18-12-1x

Paid Mr Chin Dec 201x Commission

400.00

Out of Scope (N-T)

RH100009

22-12-1x

Shop Rent Dec 201x No 12933

1,200.00

Excluding GST 6%

RH100012

27-12-1x

Accounting Fees No 4455 Dec 201x

600.00

Excluding GST 6%

RH100015

30-12-1x

Sosco Dec 201x

25.90

Out of Scope (N-T)

RH100016

30-12-1x

EPF Dec 201x

288.00

Out of Scope (N-T)


Page

32


ANSWERS FOR LESSON * All the provided answers are for reports printed after the experiments / adjustments.

LESSON 1


Page

33



Page

34


LESSON 2


Page

35



Page

36



Page

37


LESSON 3


Page

38



Page

39


LESSON 4


Page

40



Page

41



Page

42


LESSON 5


Page

43



Page

44



Page

45


APPENDIX I: SAMPLE CHART OF ACCOUNT TRADING COMPANY Account

Description

Account Type Account Group

1000/0000

Capital

Balance Sheet

Capital & Reserves

-

1020/0000

Drawing

Balance Sheet

Capital & Reserves

-

1050/0001

Retained Profit / (Loss)

Balance Sheet

Capital & Reserves Retained Earning

1050/0002


Balance Sheet

Capital & Reserves Current Year Profit / (Loss)

2010/0000

Furniture & Fitting

Balance Sheet

Fixed Assets

Fixed Assets

2010/0005

Accum. Depn. – Furniture & Fitting

Balance Sheet

Fixed Assets


2020/0000

Office Equipment

Balance Sheet

Fixed Assets

Fixed Assets

2020/0005

Accum. Depn. – Office Equipment

Balance Sheet

Fixed Assets


2030/0000

Motor Vehicle

Balance Sheet

Fixed Assets

Fixed Assets

2030/1000

Motor Vehicle – JEL 5368

Balance Sheet

Fixed Assets

Fixed Assets

2030/1050

Accum. Depn. – M/V JEL5368

Balance Sheet

Fixed Assets


2030/2000

Motor Vehicle – JFL 613

Balance Sheet

Fixed Assets

Fixed Assets

2030/2050

Accum. Depn. – M/V JFL 613

Balance Sheet

Fixed Assets


3000/0000

Trade Debtors

Balance Sheet

Current Assets

Debtor

3005/0000

Other Debtors

Balance Sheet

Current Assets

3010/0000

Bank – PBB

Balance Sheet

Current Assets

Bank

3020/0000

Cash In Hand

Balance Sheet

Current Assets

Cash

3030/0000

Stock

Balance Sheet

Current Assets

Closing Stock

3040/0000

Deposit & Prepayment

Balance Sheet

Current Assets

-

3040/1000

Deposit – Water & Electricity

Balance Sheet

Current Assets

-

3040/2000

Prepayment – Insurance

Balance Sheet

Current Assets

-

4000/0000

Trade Creditors

Balance Sheet

Current Liabilities

Creditor

4005/0000

Other Creditors

Balance Sheet

Current Liabilities

-

4010/0000

Accruals

Balance Sheet

Current Liabilities

-

4020/0000

H. P. Creditors -PBB FINANCE (JFL 613) Balance Sheet

Current Liabilities

-

4030/0000

Term Loan – MBB BANK

Balance Sheet

Current Liabilities

-

5000/0000

Sales

P&L

Revenue

Sales

5010/0000

Return Inwards

P&L

Revenue

Sales Adjustment

5020/0000

Discount Allowed

P&L

Revenue

Sales Adjustment

6000/0000

Opening Stock

P&L

Cost Of Goods Sold Opening Stock

6010/0000

Purchases

P&L

Cost Of Goods Sold Purchases


Classified As

-

Page

46


6020/0000

Carriage Inwards

P&L

Cost Of Goods Sold Purchases Adjustment

6030/0000

Closing Stock

P&L

Cost Of Goods Sold Purchases Adjustment

9010/0000

Advertisement

P&L

Expenditure

-

9020/0000

Bank Charges

P&L

Expenditure

-

9030/0000

Depreciation of Fixed Assets

P&L

Expenditure

-

9040/0000

Salaries

P&L

Expenditure

-

9050/0000

Travelling

P&L

Expenditure

-

9060/0000

Upkeep of Motor Vehicle

P&L

Expenditure

-

9070/0000

Printing & Stationery

P&L

Expenditure

-

9080/0000

Rental

P&L

Expenditure

-

9090/0000

Water & Electricity

P&L

Expenditure

-

9100/0000

Telephone Charges

P&L

Expenditure

-

9110/0000

EPF Contribution

P&L

Expenditure

-

9120/0000

SOCSO Contribution

P&L

Expenditure

-

9900/0000

Taxation

P&L

Expenditure

-


Page

47


MANUFACTURING COMPANY

Account

Description

1000/0000

Capital

Balance Sheet

Capital & Reserves

-

1050/0001

Retained Profit / (Loss)

Balance Sheet

Capital & Reserves

Retained Earning

1050/0002


Balance Sheet Capital & Reserves


2000/0000

Fixed Assets

Balance Sheet

Fixed Assets

Fixed Assets

2000/1000

Furniture & Fitting

Balance Sheet

Fixed Assets

Fixed Assets

2000/1050

Accum. Depn. – Furniture & Fitting

Balance Sheet

Fixed Assets


2000/2000

Office Equipment

Balance Sheet

Fixed Assets

Fixed Assets

2000/2050

Accum. Depn. –Office Equipment

Balance Sheet

Fixed Assets


2000/3000

Motor Vehicle – JEL 5368

Balance sheet

Fixed Assets

Fixed Assets

2000/3050

Accum. Depn. – M/V JEL5368

Balance Sheet

Fixed Assets


2000/4000

Plant & Machinery

Balance Sheet

Fixed Assets

Fixed Assets

2000/4050

Accum. Depn. – Plant & Machinery

Balance Sheet

Fixed Assets


2000/5000

Factory Equipment

Balance Sheet

Fixed Assets

Fixed Assets

2000/5050

Accum. Depn. – Factory Equipment

Balance Sheet

Fixed Assets


2010/0000

Goodwill

Balance Sheet

Fixed Assets

3000/0000

Trade Debtors

Balance Sheet

Current Assets

3005/0000

Other Debtors

Balance Sheet

Current Assets

3010/0000

Bank – PBB

Balance Sheet

Current Assets

Bank

3020/0000

Cash In Hand

Balance Sheet

Current Assets

Cash

3030/0000

Stock

Balance Sheet

Current Assets

Closing Stock

3030/1000

Stock – Raw Material

Balance Sheet

Current Assets

Closing Stock

3030/4000

Stock – Packing Material

Balance Sheet

Current Assets

Closing Stock

3030/5000

Stock – Work In Progress

Balance Sheet

Current Assets

Closing Stock

3030/6000

Stock – Finished Goods

Balance Sheet

Current Assets

Closing Stock

3040/0000

Deposit & Prepayment

Balance Sheet

Current Assets

-

3040/1000

Deposit – Water & Electricity

Balance Sheet

Current Assets

-

3040/2000

Deposit – Telephone

Balance Sheet

Current Assets

-

3040/3000

Prepayment – Insurance

Balance Sheet

Current Assets

-

3050/0000

Fixed Deposit – PBB (1-458722-23)

Balance Sheet

Current Assets

-

4000/0000

Trade Creditors

Balance Sheet

Current Liabilities

Creditor

4005/0000

Other Creditors

Balance Sheet

Current Liabilities

-

4010/0000

Accruals

Balance Sheet

Current Liabilities

-

4020/0000

H. P. Creditor - PBB FINANCE (JFL 613)Balance Sheet Current Liabilities

-

4030/0000

Term Loan – MBB BANK

-


Account Type Account Group

Balance Sheet

Current Liabilities

Classified As

-

Debtor -

Page

48


5000/0000

Sales

P&L

Revenue

Sales

5010/0000

Return Inwards

P&L

Revenue

Sales Adjustment

5020/0000

Discount Allowed

P&L

Revenue

Sales Adjustment

6000/0000

Opening Stock – Finished Goods

P&L

Cost Of Goods Sold

Opening Stock

6010/0000

Closing Stock – Finished Goods

P&L

Cost Of Goods Sold

Closing Stock

7000/0000

Manufacturing Account

P&L

Cost Of Goods Sold

Cost Of Goods

Manufactured 7000/1000

Raw Material

P&L


7000/1010

Opening Stock – Raw Material

P&L


Opening Stock

7000/1020

Purchase Of Raw Material

P&L


Purchases

7000/1030

Carriage Inwards

P&L


-

7000/1040

Customs Duties

P&L


-

7000/1050

Closing Stock – Raw Material

P&L


7000/2000

Direct Labour

P&L


-

7000/2010

Production Wages

P&L


-

7000/2020

E. P. F. Contribution

P&L


-

7000/2030

Socso Contribution

P&L


-

7000/3000

Factory Overhead

P&L


-

7000/3010

Factory Rental

P&L


-

7000/3020

Factory Expenses

P&L


-

7000/3030

Water & Electricity (Factory)

P&L


-

7000/3040

Depn. Plant & Machinery

P&L


-

7000/3050

Upkeep of Factory Machinery

P&L


-

7000/3060

Upkeep of Factory Equipment

P&L


-

7000/3070

Security Charges

P&L


-

7000/4000

Packing Material

P&L


-

7000/4010

Opening Stock–Packing Material

P&L


Opening Stock

7000/4020

Purchase of Packing Material

P&L


Purchases

7000/4030

Closing Stock–Packing Material

P&L


Closing Stock

7000/5000

Work-In-Progress

P&L


7000/5010

Opening – Work-In-Progress

P&L


Opening Stock

7000/5020

Closing – Work-In-Progress

P&L

Cost Of Goofs Manufactured

Closing Stock

8000/0000

Fixed Deposit Interest Received

P&L

Other Revenue

-

8010/0000

Gain on Disposal Of Fixed Assets

P&L

Other Revenue

-

9000/0000

Admin. Selling & General Exp.

P&L

Expenditure

-

9000/0005

Advertisement

P&L

Expenditure

-

9000/0100

Audit Fee

P&L

Expenditure

-

9000/0150

Bonus

P&L

Expenditure

-

9000/0200

Bank Interest & Charges

P&L

Expenditure

-


-

Closing Stock

-

Page

49


9000/0250

Director’s Remuneration

P&L

Expenditure

-

9000/0300

Depreciation Of Fixed Assets

P&L

Expenditure

-

9000/0350

Entertainment

P&L

Expenditure

-

9000/0400

E.P.F. Contributions

P&L

Expenditure

-

9000/0450

General Expenses

P&L

Expenditure

-

9000/0500

Hire Purchase Interest

P&L

Expenditure

-

9000/0550

License Fee

P&L

Expenditure

-

9000/0600

Medical Fee

P&L

Expenditure

-

9000/0650

Office Rental

P&L

Expenditure

-

9000/0700

Office Refreshment

P&L

Expenditure

-

9000/0750

Postages & Stamps

P&L

Expenditure

-

9000/0800

Printing & Stationery

P&L

Expenditure

-

9000/0850

Road Tax & Insurance

P&L

Expenditure

-

9000/0900

Socso Contributions

P&L

Expenditure

-

9000/0950

Secretarial Fee

P&L

Expenditure

-

9000/1000

Staff Salaries & Allowances

P&L

Expenditure

-

9000/1050

Travelling Expenses

P&L

Expenditure

-

9000/1100

Telephone

P&L

Expenditure

-

9000/1150

Upkeep of Motor Vehicle

P&L

Expenditure

-

9000/1200

Water & Electricity

P&L

Expenditure

-


Page

50

Million Accounting Workbook with gst.pdf

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