ASSIGNMENT SUBMISSION AND ASSESSMENT

PENYERAHAN DAN PENILAIAN TUGASAN

BBAW2103
FINANCIAL ACCOUNTING
JANUARY SEMESTER 2019

INSTRUCTIONS TO STUDENTS / ARAHAN KEPADA PELAJAR

1. This assignment contains only ONE (1) question that is set in both Malay and English. / Tugasan ini
mengandungi SATU (1) soalan sahaja yang disediakan dalam bahasa Melayu dan bahasa Inggeris.

2. Answer in Malay or English. / Jawab dalam bahasa Melayu atau bahasa Inggeris.

3. Learners are to submit assignment only in MsWord format unless specified otherwise. Please refrain
from converting text/phrases into picture format such as .gif/ .jpeg/print screen / etc. / Anda
dikehendaki menyerahkan tugasan dalam format MsWord melainkan dinyatakan sebaliknya. Anda tidak
dibenarkan untuk menukar teks/frasa tugasan tersebut kepada format grafik seperti.jpeg / .gif / print
screen / dan lain-lain format berkaitan.

4. Download the language version of the assignment template concerned from the myINSPIRE for
preparation and submission of your assignment. Your assignment should be typed using 12 point Times
New Roman font and 1.5 line spacing. / Muat turunkan templat tugasan versi bahasa yang berkenaan
daripada myINSPIRE untuk penyediaan dan penyerahan tugasan anda. Tugasan anda hendaklah ditaip
dengan menggunakan saiz fon 12 Times New Roman dan langkau baris 1.5.

5. Your assignment should be between 2500 to 3000 words excluding references. Do not copy the
assignment question and instructions to your answer. Only assignment answer developed within the
approximate word limit will be assessed. The number of words should be shown at the end of your
assignment. / Tugasan anda hendaklah mengandungi 2500 hingga 3000 patah perkataan tidak
termasuk rujukan. Bilangan perkataan hendaklah ditunjukkan di hujung tugasan anda. Jangan menyalin
soalan dan arahan tugasan dalam jawapan anda. Pemeriksa tidak akan membaca jawapan tugasan
yang melebihi had patah perkataan yang dibenarkan. Jumlah perkataan hendaklah dinyatakan di
penghujung tugasan anda.

6. You must submit your assignment ONLINE via the myINSPIRE. Refer to the portal for instructions on the
procedures to submit your assignment online. You are advised to keep a copy of your submitted
assignment for personal reference. / Anda dikehendaki menghantar tugasan SECARA ONLINE melalui
myINSPIRE. Sila rujuk kepada portal untuk arahan mengenai prosedur menghantar tugasan anda secara
online. Anda dinasihatkan menyimpan senaskah tugasan yang diserahkan untuk rujukan sendiri.

7. You can submit your assignment ONCE only in a SINGLE file. / Anda hanya boleh menghantar tugasan
SEKALI sahaja dalam SATU fail.
8. Your assignment must be submitted between 4th March 2019 until 17th March 2019. Submission after
17th March 2019 will NOT be accepted. /Tugasan anda hendaklah diserahkan antara 4hb Mac 2019
sehingga 17 hb Mac 2019. Serahan selepas 17 hb Mac 2019 TIDAK akan diterima.

9. Your assignment should be prepared individually. You should not copy another person’s assignment. You
should also not plagiarise another person’s work as your own. / Tugasan hendaklah disiapkan secara
individu. Anda dilarang meniru tugasan orang lain. Anda juga dilarang sama sekali memplagiat kerja
orang lain sebagai kerja sendiri.

10. Please take note that PENALTY will be imposed on late submission of assignment as specified in the
Registrar’s Office circular 6/2012 (Refer to Registrar’s Announcement in myINSPIRE). / Sila ambil maklum
tentang PENALTI yang akan dikenakan ke atas penghantaran lewat tugasan seperti yang tertera di
pekeliling pejabat Pendaftar 6/2012 (Rujuk Registrar’s Announcement di myINSPIRE).

11. Please ensure that you keep the RECEIPT issued upon submisson of your assignment as proof of
submission. Your assignment is considered as NOT submitted if you fail to produce the submission receipt
in any dispute arises concerning assignment submission. / Anda perlu memastikan RESIT yang
dikeluarkan bagi penghantaran tugasan disimpan sebagai bukti penghantaran. Kegagalan
mengemukakan resit dalam sebarang isu yang timbul berkaitan penghantaran tugasan akan
mengakibatkan tugasan dianggap TIDAK dihantar.

EVALUATION / PENILAIAN

This assignment accounts for 60% of the total marks for the course and shall be assessed based on
Answer Scheme attached. You would be given feedback on the assignment before the Final Semester
Examination commences. / Tugasan ini menyumbang sehingga 60% daripada jumlah markah kursus
berkenaan dan akan dinilai berdasarkan kepada Skema Jawapan yang dilampirkan. Anda akan diberikan
maklum balas tentang tugasan ini sebelum Peperiksaan Akhir Semester bermula .
 ASSIGNMENT QUESTION

PURPOSE :
The purpose of this assignment is to enhance learners’ skills to record the journal entries, adjusting
entries, prepare trial balance and financial statements.

REQUIREMENT :
Answer all the questions and show your detailed workings clearly and systematically.

QUESTION 1
The main purpose of accounting is providing information to the users of an organisation to make
better decision. Identify two external users and two internal users of accounting information and
for each user, indicate their two questions that might be answered through the use of accounting
information.
(Total: 6 marks)

QUESTION 2
Puan Aryati commenced her legal practice known as Arya & Co. on 1 November 2018.

Date Transactions
November 1 Aryati invested RM15,000 cash and a book shelf for the law library valued at
RM6,000.
5 Purchased RM7,500 of office equipment from Lexus Trading on credit.
8 Completed legal work for a client and received RM1,500 cash in full payment.
10 Paid Lexus Trading RM3,500 cash in partial settlement of the amount owed.
13 Completed RM4,000 of legal work for a client on credit.
18 Aryati withdrew RM2,000 cash for personal use.
22 Received RM2,500 cash as partial payment for the legal work completed for the
client on 13 November.
30 Paid RM2,500 cash for the secretary's salary.

Required:
a) Prepare the journal entries for all the above transactions.
(8.5 marks)
b) Prepare the trial balance for Arya & Co. as at 30 November 2018.
(9.5 marks)
(Total: 18 marks)
QUESTION 3
Below are unadjusted accounts’ balances for Warisan Trading as at 31 December 2018:

Accounts RM
Cash 62,400
Account receivables 196,350
Office supplies 16,200
Prepaid utilities 32,580
Prepaid insurance 25,200
Office equipment 44,040
Accumulated depreciation – office equipment 13,200
Unearned revenue 89,550
Capital 233,400
Service revenue 122,040
Salaries expense 54,000
Miscellaneous expense 27,420

The following items were found omitted at the end of the accounting period:
1. Supplies on hand at 31 December 2018 amounted to RM7,050.
2. Prepaid insurance represented premiums paid on 1 April 2018 for a period of one year.
3. Depreciation of office equipment based on the straight-line method. The office equipment
has 8 year estimated life with no salvage value.
4. Salaries expense for the month of December is RM4,500 and only be paid early 2019.
5. Unearned revenue on 31 December 2018 is RM63,750.

Required:
a) Prepare the adjusting entries on 31 December 2018.
(10 marks)
b) Prepare the adjusted trial balance as at 31 December 2018.
(14 marks)
c) Prepare the income statement, statement of equity and balance sheet for Warisan Trading.
(12 marks)
(Total: 36 marks)
[TOTAL MARKS: 60 marks]
 SOALAN TUGASAN

TUJUAN:
Tujuan tugasan ini adalah untuk mempertingkatkan kemahiran pelajar untuk merekod catatan-
catatan jurnal, catatan-catatan pelarasan, menyediakan imbangan duga dan penyata kewangan.

DIKEHENDAKI:
Jawab semua soalan dan tunjukkan jalan kerja anda yang terperinci dengan jelas dan sistematik.

SOALAN 1
Tujuan utama perakaunan adalah menyediakan maklumat kepada pengguna-pengguna sesebuah
organisasi untuk membuat keputusan yang lebih baik. Kenal pastikan dua pengguna luaran dan dua
pengguna dalaman maklumat perakaunan dan bagi setiap pengguna tersebut, tentukan dua
persoalan mereka yang mungkin terjawab melalui penggunaan maklumat perakaunan.
(Jumlah: 6 markah)

SOALAN 2
Puan Aryati memulakan praktis perundangan beliau atas nama Arya & Co. pada 1 November 2018.
Tarikh Urusniaga – urus niaga
November 1 Aryati melabur RM15,000 tunai dan sebuah rak buku untuk perpustakaan undang-
undang bernilai RM6,000.
5 Membeli RM7,500 peralatan pejabat daripada Lexus Trading secara kredit.
8 Menyiapkan kerja perundangan untuk seorang klien dan menerima RM1,500 tunai
dalam bayaran penuh.
10 Membayar Lexus Trading RM3,500 tunai dalam penyelesaian sebahagian daripada
jumlah terhutang.
13 Menyiapkan RM4,000 kerja perundangan untuk seorang klien secara kredit.
18 Aryati mengambil RM2,000 tunai untuk kegunaan peribadi.
22 Menerima RM2,500 tunai sebagai sebahagian bayaran untuk kerja perundangan
yang telah siap untuk klien pada 13 November.
30 Membayar RM2,500 tunai untuk gaji setiausaha.

Dikehendaki:
a) Sediakan catatan-catatan jurnal bagi semua urus niaga - urus niaga di atas.
(8.5 markah)
b) Sediakan imbangan duga bagi Arya & Co. pada 30 November 2018.
(9.5 markah)
(Jumlah: 18 markah)

SOALAN 3
Berikut adalah baki-baki akaun tak terlaras bagi Warisan Trading pada 31 Disember 2018:

Akaun-akaun RM
Tunai 62,400
Akaun belum terima 196,350
Bekalan pejabat 16,200
Utiliti prabayar 32,580
Insurans prabayar 25,200
Peralatan pejabat 44,040
Susut nilai terkumpul – peralatan pejabat 13,200
Hasil belum diperoleh 89,550
Modal 233,400
Hasil perkhidmatan 122,040
Belanja gaji 54,000
Belanja pelbagai 27,420

Item-item berikut adalah didapati tertinggal pada akhir tempoh perakaunan:

1. Bekalan di tangan pada 31 Disember 2018 berjumlah RM7,050.
2. Insurans prabayar yang dibayar pada 1 April 2018 mewakili premium untuk tempoh satu tahun.
3. Susut nilai peralatan pejabat berdasarkan kaedah garis lurus. Peralatan pejabat mempunyai
anggaran 8 tahun usia guna tanpa nilai sisa.
4. Belanja gaji bagi bulan Disember adalah RM4,500 dan hanya akan dibayar pada awal tahun
2019.
5. Hasil belum diperoleh pada 31 Disember 2018 adalah RM63,750.

Dikehendaki:
a) Sediakan catatan-catatan pelarasan pada 31 Disember 2018.
(10 markah)
b) Sediakan imbangan duga terlaras pada 31 Disember 2018.
(14 markah)
c) Sediakan penyata pendatapan, penyata ekuiti pemilik dan lembaran imbangan bagi Warisan
Trading.
(12 markah)
(Jumlah: 36 markah)
[JUMLAH MARKAH: 60]