ACC3100 SULIT

CONFIDENTIAL

UNIVERSITI MALAYSIA TERENGGANU

PEPERIKSAAN AKHIR
FINAL EXAMINATION

SEMESTER II SESI 2016/2017 (SARJANA MUDA)

SEMESTER II 2016/2017 SESSION (DEGREE PROGRAMME)

NAMA KURSUS : PERAKAUNAN PERNIAGAAN

COURSE BUSINESS ACCOUNTING
KOD KURSUS : ACC3100
COURSE CODE
TARIKH : 11 JUN 2017 (AHAD)
DATE 11 JUNE 2017 (SUNDAY)
TEMPAT : DEWAN SULTAN MIZAN
VENUE
MASA : 11.30 PAGI – 2.30 PETANG (3 JAM)
TIME 11.30 AM – 2.30 PM (3 HOURS)

NO. MATRIK :
STUDENT NO. ______________________________________

NAMA PROGRAM :
PROGRAMME ________________________________________________
NO. MEJA :
SEAT NO. ________________________________________________

ARAHAN KEPADA CALON

INSTRUCTIONS TO CANDIDATES

i. Sila jawab semua soalan

Answer all questions
ii. Semua jawapan hendaklah ditulis dalam buku jawapan yang disediakan
All answers must be written in answer booklet provided

JANGAN BUKA BUKU SOALAN INI SEHINGGA DIBERITAHU

DO NOT OPEN THE QUESTION PAPER UNTIL INSTRUCTED

KERTAS SOALAN INI MENGANDUNGI 13 MUKASURAT BERCETAK

THIS QUESTION PAPER CONSISTS OF (13) PRINTED PAGES
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QUESTION 1 (37 MARKS: 66.6 MINUTES)

The following unadjusted trial balance is prepared by Rayyan Enterprise at 31 December 2016.
Rayyan Enterprise uses a perpetual inventory system.

RAYYAN ENTERPRISE
Unadjusted Trial Balance
31 December 2016
Debit (RM) Credit (RM)
Cash 32,500
Accounts receivable 45,600
Merchandise inventory 83,700
Store supplies 7,800
Prepaid insurance 14,400
Store equipment 112,650
Accumulated depreciation – Store equipment 45,060
Accounts payable 31,650
Rayyan, Capital 200,000
Rayyan, Withdrawal 12,500
Sales 274,280
Sales discounts 22,620
Sales returns and allowances 31,840
Cost of goods sold 85,780
Salaries expense 35,500
Rent expense 25,000
Advertising expense 35,630
Utilities expense 5,470
Total 550,990 550,990

Adjustment data:
i. Store supplies still available at 31 December 2016 amount to RM2,500.
ii. The insurance policy coverage for 12 months which begins on 1 July 2016.
iii. Depreciation expense on store equipment is RM22,530 for 2016.
iv. Utilities expense incurred but not paid on 31 December 2016 is RM550.
v. It shows RM83,200 of inventory is still available at 31 December 2016.

Required:
a) Complete the entire 10-column worksheet for Rayyan Enterprise in Appendix A.
(28 marks)

b) Prepare the necessary closing entries for Rayyan Enterprise at 31 December 2016. (Ignore
the explanations)
(9 marks)

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QUESTION 2 (27 MARKS: 48.6 MINUTES)

A. Lyana Jasmin, the manager for Cerdik Pandai Company received the bank statement cash
balance as of 31 May 2017 from CIMB Bank. The statement shows an ending cash balance
of RM83,525. In contrast, the company’s book balance shows an ending balance of
RM78,356 as for the same date.

The following information is available to reconcile Cerdik Pandai Company book balance of
cash with its bank statement cash balance as of May 31, 2017:

i. The bank erroneously cleared a RM480 check against the account in May that was
not issued by Cerdik Pandai. The check documentation included with the bank
statement indicates the check was actually issued by Lambaian Indah Company.

ii. On 31 May, the bank issued a credit memorandum for RM53 interest earned on Cerdik
Pandai’s account.

iii. When the May checks are compared with entries in the accounting records, it is found
that Check No. 1828 had been correctly drawn for RM1,530 to pay for advertising but
was erroneously entered in the accounting records as RM1,350.

iv. A credit memorandum indicates that the bank collected RM10,000 cash on a note
receivable for Cerdik Pandai Company, deducted a RM30 collection fee, and credited
the balance to the company's Cash account. Cerdik Pandai Company did not record
this transaction before receiving the statement.

v. A debit memorandum of RM895 is enclosed with the bank statement for an NSF check
for RM870 received from a customer. The bank assessed a RM25 fee for processing
it.

vi. On 31 May, Cerdik Pandai’s daily cash receipts of RM5,102 were placed in the bank's
night depository on that date, but do not appear on the 31 May bank statement.

vii. On 31 May, Cerdik Pandai’s cash disbursements journal indicates that Check No. 1837
for RM584 and Check No. 1840 for RM1,219 were both written and entered in the
accounting records, but are not among the canceled checks.

Required:
a) Prepare the bank reconciliation for Cerdik Pandai Company as of 31 May 2017.
(6.5 marks)

b) Prepare the necessary journal entries (without narratives) to bring the company's
book balance of cash into conformity with the reconciled cash balance as of 31
May 2017.
(4.5 marks)

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B. The following financial information belongs to Omega Three Sdn. Bhd.

2016 2017
Assets: RM RM
Cash 18,000 22,000
Marketable securities 25,000 0
Accounts receivable 38,000 42,000
Inventory 61,000 52,000
Prepaid insurance 6,000 9,000
Long-term investments 49,000 20,000
Property, Plant and Equipment (net) 218,000 225,000
Total Assets 415,000 370,000

Other information:
Net profit 62,250
Sales (all on credit) 305,000
Cost of goods sold 123,000
Interest expense 15,600
Income tax expense 27,000

Required:
a) Calculate the following ratios for year 2016:
i. Inventory turnover
(2 marks)
ii. Accounts receivable turnover
(2 marks)
iii. Return on total assets
(2 marks)
iv. Times interest earned
(2 marks)
v. Total assets turnover
(2 marks)

b) Briefly explain THREE (3) common tools of financial statement analysis.

(6 marks)

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QUESTION 3 (20 MARKS: 36 MINUTES)

A. Followings are partial listing of costs incurred at Syarikat Maju Sdn Bhd during April 2017:

RM
Direct materials 181,000
Utilities of factory 10,000
Administrative salaries 99,000
Sales commissions 69,000
Salaries of factory guard 32,000
Salaries of assembly worker 120,000
Advertising expenses 75,000
Depreciation of production equipment 28,000
Depreciation of administrative equipment 49,000

Required:
Compute the followings based on the above information (show your workings):
a) Total amount of product costs.
(3 marks)
b) Total amount of period costs.
(2 marks)
c) Total amount of fixed costs.
(3 marks)

B. Syarikat Untung Banyak Sdn Bhd provides the following costs for May 2017:

RM
Sales 220,000
Raw materials purchases 50,000
Direct labor cost 23,000
Depreciation of factory building 20,000
Salaries of factory supervisor 39,000
Indirect materials 10,000
Selling expense 18,000
Administrative expense 43,000

Beginning Ending
Inventories: (RM) (RM)
Raw materials 26,000 35,000
Work in process 18,000 22,000
Finished goods 42,000 29,000

Required:
a) Prepare a manufacturing statement for May 2017.
(7 marks)
b) Prepare an income statement for May 2017.
(5 marks)

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QUESTION 4 (16 MARKS: 28.8 MINUTES)

Selera Chicken Rice Shop specializes in its only product, Selera Chicken Rice. Due to its location,
its customers are mainly students of a private university. Sales and costs for the product for the
year 2016 are as follows:

Selling price per plate RM 4.00

Variable costs per plate RM 2.00
Number of plates sold 60,000
Rent on building RM60,000
Other fixed costs RM40,000

Required:
a) Prepare a cost-volume-profit (CVP) graph with fixed cost line for Selera Chicken Rice Shop.
By using 80,000 as the maximum number of sales units on the horizontal axis, and
RM320,000 as the maximum number in sales (RM) on the vertical axis of the graph, show:
i. the break even point in unit; and
ii. the break even point in sales (RM)
(6 marks)

b) Compute the sales level required by Selera Chicken Rice Shop in both RM and units to
earn RM 30,000 of target income.
(3 marks)

c) Assume that Selera Chicken Rice Shop expects sales of its product to decline to 40,000
plates during the semester break. Prepare the forecast contribution margin income
statement for the year ended December 2016 if the total fixed cost is RM54,000, and no
changes in other costs.
(4 marks)

d) Identify THREE (3) advantages of CVP analysis for Selera Chicken Rice Shop in planning
their sales and profit.
(3 marks)

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SOALAN 1 (37 MARKAH: 66.6 MINIT)

Imbangan duga sebelum pelarasan di bawah disediakan oleh Rayyan Enterprise pada 31
Disember 2016. Rayyan Enterprise menggunakan sistem inventori berterusan.

RAYYAN ENTERPRISE
Imbangan Duga Sebelum Pelarasan
31 Disember 2016
Debit (RM) Kredit (RM)
Tunai 32,500
Akaun belum terima 45,600
Inventori barangniaga 83,700
Bekalan stor 7,800
Insurans prabayar 14,400
Peralatan stor 112,650
Susutnilai terkumpul – Peralatan Stor 45,060
Akaun belum bayar 31,650
Modal, Rayyan 200,000
Ambilan, Rayyan 12,500
Jualan 274,280
Diskaun jualan 22,620
Pulangan dan elaun jualan 31,840
Kos barang dijual 85,780
Belanja gaji 35,500
Belanja sewa 25,000
Belanja pengiklanan 35,630
Belanja utiliti 5,470
Jumlah 550,990 550,990

Data pelarasan:
i. Bekalan stor yang ada (belum digunakan) pada 31 Disember 2016 berjumlah RM2,500.
ii. Polisi insurans adalah untuk tempoh 12 bulan yang bermula pada 1 Julai 2016.
iii. Belanja susutnilai peralatan stor adalah berjumlah RM22,530 untuk tahun 2016.
iv. Belanja utiliti yang telah berlaku tapi masih belum dibuat bayaran sehingga 31 Disember
2016 berjumlah RM550.
v. Sebanyak RM83,200 inventori barangniaga yang ada dalam simpanan sehingga 31 Disember
2016.

Dikehendaki:
a) Lengkapkan keseluruhan lembaran kerja 10-kolum bagi Rayyan Enterprise dalam
Appendix A.
(28 markah)

b) Sediakan catatan jurnal penutup bagi Rayyan Enterprise pada 31 December 2016. (Abaikan
keterangan urusniaga)
(9 markah)

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SOALAN 2 (27 MARKAH: 48.6 MINIT)

A Lyana Jasmin ialah pengurus Syarikat Cerdik Pandai, telah menerima baki penyata bank
daripada Bank CIMB yang menunjukkan baki pada 31 Mei 2017. Penyata menunjukkan
jumlah baki tunai sebanyak RM83,525. Berbeza dengan baki di buku syarikat yang
menunjukkkan baki akhir adalah RM78,356 pada tarikh yang sama.

Berikut adalah maklumat yang diperolehi untuk menyesuaikan baki tunai di buku Syarikat
Cerdik Pandai dengan baki tunai di penyata bank pada 31 Mei 2017:

i. Bank telah tersilap tolak cek RM480 dari akaun bulan Mei. Cek ini tidak dikeluarkan
oleh Cerdik Pandai, sebaliknya ianya dikeluarkan oleh Syarikat Lambaian Indah.

ii. Pada 31 Mei, bank telah keluarkan memorandum kredit sebanyak RM53 sebagai
faedah diterima dalam akaun Cerdik Pandai.

iii. Apabila dibuat perbandingan cek bulan Mei dengan catatan dalam rekod perakaunan,
adalah didapati bahawa cek nombor 1828 yang bernilai RM1,530 untuk pembayaran
iklan telah tersalah catat dalam akaun sebagai RM1,350.

iv. Memo kredit menunjukkan yang kutipan bank adalah RM10,000 tunai ke atas nota
belum terima untuk Syarikat Cerdik Pandai, dengan potongan RM30 yuran kutipan
dan telah dikreditkan bakinya ke akaun tunai syarikat. Syarikat Cerdik Pandai tidak
merekod urusniaga ini sebelum penyata diterima.

v. Satu memorandum debit sebanyak RM895 telah disertakan bersama penyata untuk
cek NSF bernilai RM870 yang diterima daripada pelanggan. Bank telah mengenakan
caj proses sebanyak RM25.

vi. Terimaan tunai Cerdik Pandai pada 31 Mei sebanyak RM5,102 telah dimasukkan
dalam peti malam bank pada tarikh berkenaan, tetapi nilai ini tidak dinyatakan dalam
penyata bank.

vii. Jurnal pembayaran tunai Cerdik Pandai pada 31 Mei menunjukkan kedua-dua cek no
1827 sebanyak RM584 dan cek no 1840 sebanyak RM1,219, telah direkod dalam
rekod perakaunan tetapi bukan dari kalangan cek yang dibatalkan.

Dikehendaki:
a) Sediakan penyata penyesuaian bank untuk Syarikat Cerdik Pandai pada 31 Mei 2017.

(6.5 markah)

b) Sediakan catatan jurnal yang bersesuaian (tanpa butiran) untuk menyesuaikan baki
di buku tunai dan baki di bank.
(4.5 markah)

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B. Maklumat di bawah adalah mengenai Syarikat OmegaTiga Sdn. Bhd.

2016 2017
Aset: RM RM
Tunai 18,000 22,000
Sekuriti boleh dipasarkan 25,000 0
Penghutang 38,000 42,000
Inventori 61,000 52,000
Insuran prabayar 6,000 9,000
Pelaburan jangka panjang 49,000 20,000
Hartanah, loji dan peralatan (bersih) 218,000 225,000
Jumlah aset 415,000 370,000

Maklumat lain:
Untung bersih 62,250
Jualan (semua jualan adalah secara kredit) 305,000
Kos barangan yang dijual 123,000
Perbelanjaan faedah 15,600
Perbelanjaan cukai 27,000

Dikehendaki:
a) Kira nisbah yang berikut untuk tahun 2016:
i. Pusing ganti inventori
(2 markah)
ii. Pusing ganti penghutang
(2 markah)
iii. Pulangan ke atas jumlah aset
(2 markah)
iv. Berapa kali faedah yang diperolehi
(2 markah)
v. Pusing ganti jumlah aset
(2 markah)

b) Huraikan secara ringkas TIGA (3) teknik asas untuk menganalisa penyata
kewangan.
(6 markah)

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SOALAN 3 (20 MARKAH: 36 MINIT)

A. Berikut adalah sebahagian senarai kos di Syarikat Maju Sdn Bhd sepanjang April 2017:

RM
Bahan mentah langsung 181,000
Utiliti kilang 10,000
Gaji pentadbiran 99,000
Komisen jualan 69,000
Gaji pengawal kilang 32,000
Gaji pekerja pemasangan 120,000
Belanja pengiklanan 75,000
Susutnilai peralatan pengeluaran 28,000
Susutnilai peralatan pentadbiran 49,000

Dikehendaki:
Kirakan yang berikut berdasarkan maklumat di atas (tunjukkan pengiraan anda):
a) Jumlah kos produk.
(3 markah)
b) Jumlah kos tempoh.
(2 markah)
c) Jumlah kos tetap.
(3 markah)

B. Syarikat Untung Banyak Sdn Bhd menyediakan maklumat kos yang berikut untuk Mei 2017:

RM
Jualan 220,000
Belian bahan mentah 50,000
Kos buruh langsung 23,000
Susutnilai bangunan kilang 20,000
Gaji penyelia kilang 39,000
Bahan tidak langsung 10,000
Belanja jualan 18,000
Belanja pentadbiran 43,000

Inventori Awal Akhir

(RM) (RM)
Bahan mentah 26,000 35,000
Kerja dalam proses 18,000 22,000
Barang siap 42,000 29,000

Dikehendaki:
a) Sediakan penyata perkilangan untuk Mei 2017.
(7 markah)
b) Sediakan penyata pendapatan untuk Mei 2017.
(5 markah)

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SOALAN 4 (16 MARKAH: 28.8 MINIT)

Kedai Nasi Ayam Selera mengkhusus dalam satu-satunya produk mereka iaitu Nasi Ayam Selera.
Oleh kerana lokasi, pelanggan mereka kebanyakannya ialah pelajar sebuah universiti swasta.
Jualan dan kos bagi produk tersebut bagi tahun 2016 adalah seperti berikut:

Harga jualan setiap pinggan RM 4.00

Kos berubah setiap pinggan RM 2.00
Bilangan pinggan terjual 60,000
Sewa bangunan RM60,000
Lain-lain kos tetap RM40,000

Dikehendaki:
a) Sediakan graf kos-jumlah-keuntungan (CVP) dengan memasukkan garisan kos tetap bagi
Kedai Nasi Ayam Selera. Dengan menggunakan 80,000 sebagai bilangan maksimum
dalam unit jualan pada paksi mendatar, dan RM320,000 sebagai jumlah maksimum dalam
jualan (RM) pada paksi menegak graf, tunjukkan:

i. titik pulang modal dalam unit; dan

ii. titik pulang modal dalam jualan (RM)
(6 markah)

b) Kirakan tahap jualan yang diperlukan oleh Kedai Nasi Ayam Selera dalam RM dan unit
bagi memperoleh sasaran pendapatan berjumlah RM 30,000.
(3 markah)

c) Andaikan bahawa Kedai Nasi Ayam Selera menjangkakan jualan mereka menurun kepada
40,000 pinggan semasa cuti semester. Sediakan penyata ramalan pendapatan margin
sumbangan bagi tahun berakhir Disember 2016 jika jumlah kos tetap adalah RM54,000,
dan tiada perubahan dalam kos-kos lain.
(4 markah)

d) Kenal pasti TIGA (3) kelebihan analisa CVP bagi Kedai Nasi Ayam Selera dalam
merancang jualan dan keuntungan mereka.
(3 markah)

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APPENDIX A
Matric No.: __________________ Group: ____________
QUESTION 1 (b): Complete the worksheet of Rayyan Enterprise for the year ended as at 31 December 2016
Unadjusted Trial Adjusted Trial Income Owner’s Equity &
Balance Adjustment Balance Statement Financial Position
Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
(RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM)
Cash 32,500
Accounts receivable 45,600
Merchandise inventory 83,700
Store supplies 7,800
Prepaid insurance 14,400
Store equipment 112,650
Accumulated depreciation – 45,060
Store equipment
Accounts payable 31,650
Rayyan, Capital 200,000
Rayyan, Withdrawal 12,500
Sales 274,280
Sales discounts 22,620
Sales returns & allowances 31,840
Cost of goods sold 85,780
Salaries expense 35,500
Rent expense 25,000
Advertising expense 35,630
Utilities expense 5,470

Net profit/loss
Total 550,990 550,990
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APPENDIX B

Current ratio = Current Asset

Current liabilities

Acid test ratio = Cash + Short-term investments + Account receivables (net)

Current liabilities

Account receivable turnover = Net credit sales

Average accounts receivables, net

Inventory turnover = Cost of goods sold

Average inventory

Days in inventory = 365

Inventory turnover

Profit margin ratio = Net income

Net sales

Asset turnover = Net sales

Average total assets

Return on assets = Net income

Average total assets

Return on common stockholders’ equity = Net income – Preferred dividends

Average common stockholders’ equity

Earnings per share (EPS) = Net income – Preferred dividends

Weighted-average common shares outstanding

Price-earning (P.E.) ratio = Market price per share

Earnings per share

Payout ratio = Cash dividends declared on common stock

Net income

Debt to asset ratio = Total liabilities

Total assets

Times interest earned = Net income + interest expense + income taxes

Interest expense

- Kertas Soalan Tamat –

End of Question Paper