ACKNOWLEDGEMENT

Firstly, we would like to thank our ACC406 lecturer which is Madam Yvonne Joseph Ason
who support us and help us by giving ideas when we were in need of them. She always
encouraged us in finishing this group project.

We are also grateful to the UITM students for giving us a chance to work with them
and supporting us by participating in our group project.

We would like to thank all of the people involved in this group project who have
helped us to complete this group project because without their support we would not have
been able to develop the group project within the time given.

1
 TABLE OF CONTENT
No Content Page
1 Acknowledgment 1

2 Introduction 3

3 Accounting Transactions 4

4 Specialised Journal 5-6

5 Subsidiary Ledgers Account 7-12

6 13
Trial Balance Of Ba250 Enterprise As At 31
January 2019
7 Conclusion 14

8 References 15

9 Appendix 16-17

2
INTRODUCTION

BA250 enterprise is a sole proprietorship business. The capital to start this BA250
Enterprise business is RM61,700 in bank and RM7,050 in cash. The total of the capital is
RM60,000. BA250 Enterprise are selling groceries such as frozen foods, drinks and snacks in
wholesale. This business supply groceries for those who want to buy groceries by wholesale
with affordable price. The location of the BA250 Enterprise is at Taman Indah Permai,Kota
Kinabalu. This business start operating from 9:00 a.m until 5:00 p.m and opened every
Monday to Saturday, closed on Sunday.

3
Date Tansaction

2019
Jan Started business with RM50,000 cash in bank and RM10,000 cash in hand.
1
2 Bought furniture for RM10,000 from Chan Furniture on credit
3 Bought freezer worth RM1,000 by cash from SenQ
4 Bought goods from Hap Seng Sdn. Bhd. Worth RM2,500 with cash.
5 Bought goods worth RM13,000 on credit from Ahmad Trading
7 Sold goods to Amir amount RM950 with cash
8 Sold goods to Siti worth RM1,000 with cash
10 Bought goods worth RM5,000 on credit from Jamal Trading
11 Sold goods on credit for RM2,000 to Haris
13 The business took a loan from Maybank worth RM15,000
14 Return damage goods to Jamal Trading cost RM500
15 Sold goods RM5,000 on to Wong on credit
16 The owner took goods worth RM250 from the business for his personal use
18 Haris paid the amount due in full by credit and was allowed a discount of RM300
19 Wong returned some damaged goods costing RM250.
20 The owner received discount worth RM500 from Ahmad Trading
21 Insurance amount RM1,000 paid by credit
22 Tax amounted RM300 paid by credit
23 The owner took RM500 cash for his personal use
24 Delivery cost amount RM600 paid by credit to Ahmad Trading
25 The business paid RM300 for transporting goods for sale by credit
26 Payment were made by cash for shop rental amounting RM2,200
27 Commission received amounted RM200
28 Rent income RM1,100 was received by cash
31 The business paid RM1,100 to its worker
ACCOUNTING TRANSACTIONS

4
SPECIALISED JOURNALS

General Journal
Date Particulars Debit (RM) Credit (RM)
Jan 1 Bank 50,000
Cash 10,000
Capital 60,000
13 Loan from Maybank 15,000
16 Drawings 750
21 Insurance 1,000
22 Tax 300
24 Ahmad Trading 600
25 Carriage Outwards 300
31 Salaries 1,100

Purchases Journal
Date Particulars Amount (RM)
Jan 2 Chan Furniture 10,000
5 Ahmad Trading 3,000
10 Jamal Trading 5,000
Total 18,000

Cash Payments Journal

Date Particulars Discount received Bank (RM) Cash (RM)
Jan 3 SenQ 1,000
4 Hap Seng Sdn. Bhd 2,500
20 Ahmad Trading 500 2,500
23 Drawings 500
26 Shop Rental 2,200

5
500 8,700

6
 Cash Receipts Journal
Date Particulars Discount Allowed Bank (RM) Cash (RM)
Jan 7 Amir 950
8 Siti 1,000
18 Haris 300 1,700
27 Commissions 200  
28 Rent income 1,100
300 1,900 3,050

Sales Journal
Date Particulars Amount (RM)
Jan 11 Haris 2,000
15 Wong 5,000
Total 7,000

Return Outwards Journal

Date Particulars RM
Jan 14 Jamal Trading 500
Total 500

Return Inwards Journal

Date Particulars RM
Jan 19 Wong 250
Total 250

7
SUBSIDIARY LEDGERS ACCOUNT

BANK
Date Item RM Date Item RM
Jan 1 Capital 50 Jan 21 Insurance 1 000
000
13 Maybank 15 22 Tax 300
000
24 Carriage inwards 600
25 Carriage outwards 300
31 Salaries 1 100
31 Bal c/d 61 700
65
000
65 000
Feb 2 Bal b/d 61
700

CASH
Date Item RM Date Item RM
Jan 1 Capital 10 Jan 3 Freezer 1 000
000
7 Sales 950 4 Purchase 2 500
8 Sales 1 000 23 Drawings 500
27 Commission received 200 26 Rental expenses 2 200
28 Rent income 1 100 31 Bal c/d 7 050
13
250
13 250
Feb 1 Bal b/d 7 050

CAPITAL
Date Item RM Date Item RM
Jan 31 Bal c/d 60 Jan 1 Cash 10 000

8
 000
1 Bank 50 000
60 60 000
000
Feb 1 Bal b/d 60 000

FURNITURE
Date Item RM Date Item RM
Jan 2 Chan Furniture 10 Jan 31 Bal c/d 10 000
000
10 10 000
000
Feb 1 Bal b/d 10
000

CHAN FURNITURE
Date Item RM Date Item RM
Jan 31 Bal c/d 10 Jan 2 Furniture 10 000
000
10 10 000
000
Feb 1 Bal b/d 10 000

FREEZER
Date Item RM Date Item RM
Jan 3 Cash 1 000 Jan 31 Bal c/d 1 000
1 000 1 000
Feb 1 Bal b/d 1 000

PURCHASE
Date Item RM Date Item RM
Jan 4 Cash 2 500 Jan 16 Drawings 250
5 Ahmad Trading 13 31 Bal c/d 20 250
000
10 Jamal Trading 5 000
20 20 500

9
 500
Feb 1 Bal b/d 20
250

AHMAD TRADING
Date Item RM Date Item RM
Jan 20 Discount received 500 Jan 5 Purchase 13 000
31 Bal c/d 12
500
13 13 000
000
Feb 1 Bal b/d 12 500

SALES
Date Item RM Date Item RM
Jan 31 Bal c/d 8 950 Jan 7 Cash 950
8 Cash 1000
11 Haris 2 000
15 Wong 5 000
8 950 8 950
Feb 1 Bal b/d 8 950

JAMAL TRADING
Date Item RM Date Item RM
Jan 14 Return outwards 500 Jan 10 Purchase 5 000
31 Bal c/d 4 500
5 000 5 000
Feb 1 Bal b/d 4 500

HARIS
Date Item RM Date Item RM
Jan 11 Sales 2 000 Jan 18 Discount allowed 300
31 Bal c/d 1 700
2 000 2 000
Feb 1 Bal b/d 1 700

MAYBANK
Date Item RM Date Item RM
Jan 31 Bal c/d 15 Jan 13 Bank 15 000

10
 000
15 15 000
000
Feb 1 Bal b/d 15 000

RETURN OUTWARDS
Date Item RM Date Item RM
Jan 31 Bal c/d 500 Jan 14 Jamal Trading 500
500 500
Feb 1 Bal b/d 500

WONG
Date Item RM Date Item RM
Jan 15 Sales 5 000 Jan 19 Return inwards 250
Bal c/d 4 750
5 000 5 000
Feb 1 Bal b/d 4 750

DRAWINGS
Date Item RM Date Item RM
Jan 16 Purchase 250 Jan 31 Bal c/d 750
23 Cash 500
750 750
Feb 1 Bal b/d 750

DISCOUNT ALLOWED
Date Item RM Date Item RM
Jan 18 Haris 300 Jan 31 Bal c/d 300
300 300
Feb 1 Bal b/d 300

RETURN INWARDS
Date Item RM Date Item RM
Jan 19 Wong 250 Jan 31 Bal c/d 250
250 250
Feb 1 Bal b/d 250

DISCOUNT RECEIVED
Date Item RM Date Item RM
Jan 31 Bal c/d 500 Jan 20 Ahmad Trading 500

11
 500 500
Feb 1 Bal b/d 500

INSURANCE
Date Item RM Date Item RM
Jan 21 Bank 1 000 Jan 31 Bal c/d 1 000
1 000 1 000
Feb 1 Bal b/d 1 000

TAX
Date Item RM Date Item RM
Jan 22 Bank 300 Jan 31 Bal c/d 300
300 300
Feb 1 Bal b/d 300

CARRIAGE INWARDS
Date Item RM Date Item RM
Jan 24 Bank 600 Jan 31 Bal c/d 600
600 600
Feb 1 Bal b/d 600

CARRIAGE OUTWARDS
Date Item RM Date Item RM
Jan 25 Bank 300 Jan 31 Bal c/d 300
300 300
Feb 1 Bal b/d 300

RENT EXPENSE
Date Item RM Date Item RM
Jan 26 Cash 2 200 Jan 31 Bal c/d 2 200
2 200 2 200
Feb 1 Bal b/d 2 200

COMMISSION RECEIVED
Date Item RM Date Item RM
Jan 31 Bal c/d 200 Jan 27 Cash 200
200 200
Feb 1 Bal b/d 200

RENT INCOME
Date Item RM Date Item RM

12
Jan 31 Bal c/d 1 100 Jan 28 Cash 1 100
1 100 1 100
Feb 1 Bal b/d 1 100

SALARIES
Date Item RM Date Item RM
Jan 31 Bank 1 100 Jan 31 Bal c/d 1 100
1 100 1 100
Feb 1 Bal b/d 1 100

13
 TRIAL BALANCE OF BA250 ENTERPRISE AS AT 31 JANUARY 2019
No Tansaction Debit Credit
(RM) (RM)
1 Cash 7,050
2 Bank 61,700
3 Capital 60,000
4 Furniture 10,000
5 Chan Furniture 10,000
6 Freezer 1,000
7 Purchase 20,250
8 Creditor Ahmad Trading 12,500
9 Sales 8,950
10 Creditor Jamal Trading 5,000
11 Debtor Haris 1,700
12 Maybank 15,000
13 Debtor Wong 4,750
14 Drawings 750
15 Discount Allowed 300
16 Returns Inward 250
17 Discount Received 500
18 Insurance 1,000
19 Tax 300
20 Carriage Inwards 600
21 Carriage Outwards 300
22 Rent Expense 2,200
23 Commission Received 200
24 Rent Income 1,100
25 Salaries 1,100
26 Return outward 500
113,250 113,250

14
CONCLUSION

To conclude, BA250 Enterprise business is financially stable business as the business

just opened. Although BA250 Enterprise’s business area is competitive such as many other
groceries shop in their area, that will not stop the business operate. The BA250 Enterprise
business started with only RM60,000 for the capital which means this business are started
with small amount and then expending more in future. There are 26 of Subsidiary Journal for
the BA250 Enterprise business and 7 of specialised Journal.

15
REFERENCES

1. Mohd Nizal Haniff, Anuar Nawawi, Rodziah Abd Samad, Instan Salwani
Mohamed.Textbook; Fundamentals of Financial Accounting (Second Edition).
Oxford Fajar Sdn. Bhd. (008974-T). 2018.

2. https://www.scribd.com/presentation/25223708/Balancing-Off-Account-and-Trial-Balance-
L3

16
APPENDIX

17
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