KOLEJ YAYASAN PELAJARAN JOHOR

TEST : CHAPTER 1 - 4

SESSION OCTOBER 2021 – FEBRUARY 2022

CODE COURSE : ACC 106/ ACC117
COURSE NAME : INTRODUCTION TO FINANCIAL ACCOUNTING &
REPORTING
PROGRAM / SEM : BA111 - DIPLOMA BUSINESS ADMINISTRATION / 1
DURATION : 1 HOURS 30 MINUTES
DATE : 18 NOVEMBER 2021

INSTRUCTIONS

Answer ALL questions.

This test contributes for 10% of the total marks for the coursework.

STUDENT TOTAL
QUESTION CO PO/TAXANOMY MARK MARK
M % %
Part A C1-2 10
Part B C1-2 10
Part C C3 30
TOTAL ___M ___ % 50M

NAME : …………………………………………………………………….
MATRIC NO : …………………………………………………………………….
GROUP : …………………………………………………………………….
DATE : …………………………………………………………………….
LECTURER : PN. NORZITATY RUBAYA BINTI TALIB
This paper consists of 2 pages including the cover
PART C

Question 1

Below is the extract of business transaction for the month of December 2020 of Hanez Enterprise

Month Transactions

Started business with cash in bank account RM150,000, motor vehicle

Dec 1
RM70,000 and computer RM3,000

3 Purchase goods worth RM10,300 on credit from Zack Enterprise

5 Paid utility expense RM1,200 by cash

6 Returned goods to Zack Enterprise amounting to RM500 due to defect

7 Deposited RM15,000 of business cash in bank account

7 Sold goods worth RM9,800 on credit to Sufian

8 Cash sales to Zaiton RM2,500

12 Faulty goods amounting RM300 were returned by Sufian

15 Paid Zack Enterprise RM7,500 by cheque

18 Owner took cash RM500 for personal purpose

20 Received cheque amounting to RM5,000 from Sufian

25 Paid rental of RM5,500 using cash

28 Paid for salaries by cheque amounting to RM9,800

31 Received commission RM3,200 by cheque

Required:

a. Illustrate the effects (increase or decrease) of asset, liability, owner's equity, income and expense
of the above transactions. (15 marks)

b. Show the journal entry (debit or credit) of the above transactions. (15 marks)

Effects Journal Entries

Date Increase Decrease Debit Credit

(Total : 30 Marks)
END OF QUESTION PAPER