MALACCA BRANCH, ALOR GAJAH CAMPUS

FACULTY BUSINESS AND MANAGEMENT

INTRODUCTION TO FINANCIAL ACCOUNTING (ACC117)
GROUP PROJECT

PREPARE FOR:
MADAM ROZAIHA BINTI AB MAJID

PREPARE BY:
NO NAME STUDENT’S ID
1 KHAIRUL AQIL THAQIF BIN KHAIRUL ANUAR 2022470058
2 NUR IRDINA IZZATY BINTI MIOR ERWAN SHAH 2022652152
3 FAZLEENY BINTI MOHAMED NOR 2022469656

TABLE OF CONTENT
 TITLE PAGE
Introduction 1

Business Background 2

Content:
i) Business transactions
ii) Journals
iii) Ledgers
iv) Trial Balance
 Introduction
Assalamualaikum w.b.t., be grateful to God in the name of God,
the Most Gracious and Most Merciful. We are grateful to His grace that
we can also complete the group project for the subject Introduction to
Financial Accounting (ACC117). Alhamdulillah, thank the almighty for
the abundance of grace and the blessing of food, life, and energy
bestowed upon me. Therefore, we were able to complete this task
successfully.

First and foremost, a wreath of appreciation for our subject lecturer,

MADAM ROZAIHA BINTI AB MAJID for guiding us throughout our
completion of this assignment. In addition, I also greatly appreciate her
services in providing guidance and advice that is very useful for our
assignments. Because of this, we have also obtained various information
and knowledge in more detail related to our tasks. Next, we are also
grateful to our comrades-in-arms for having extended a lot of help and
cooperation to realize the effort to complete this task successfully.

This speech is also addressed to all parties who have been involved
in the success of this task either directly or indirectly. We greatly
appreciate all the help you have given because without your help and
support, this task could not be carried out perfectly. Finally, I cannot
express my gratitude to the members of the group who worked together,
sacrificed time and energy and gave their full commitment in realizing
this task.

Business Background
 Name: HOT CHIKYSS

Location of business:
No.236, Jalan Dimensi 1, Taman Dimensi,
78000 Alor Gajah, Malacca

Operation hour: 8:00 am – 6:00 pm

Activity of our business:

 Providing high quality fried chicken with our own secret recipe
sauce that suits the taste of Malaysian people as well as providing
a great customers service.

Business Capital: RM 65,000

Financial year end: April 2022

Transaction month: April 2022

TRANSACTION FOR ONE MONTH

The following is the business transaction in April 2022

April 2022 Transactions

1 Started business with RM 20,000 in the bank, RM 10,000 cash and food truck of RM 35,000
 into the business.
3 Purchased RM 3,000 of cooking equipment from Mika Enterprise by cash.

5 Purchased goods RM 1,000 from Ramli Enterprise on credit.

6 Sold goods RM 2,500 to Ihsan on credit

9 Purchased motor vehicle worth RM 7,000 from Awang Auto Bhd.

12 Purchased goods on credit worth RM 500 from Tijah Runcit.

13 Returned goods RM 150 to Ramli Enterprise.

15 Sold goods for cash RM 2,000.

16 Ihsan returned goods worth RM225.

17 Purchased box packaging RM 500 from Rohani Trading.

18 The owner took RM 120 worth of goods for his family dinner.

19 Received a loan from Amanah Bank in the form of cheque for RM 10,000.

20 Paid amount owed to Ramli Enterprise by cash after deducting a cash discount of 10%.

21 Returned defective goods worth RM 50 to Rohani Trading.

22 Sold goods to Tiger Football Club worth RM1,500 on credit.

23 Tiger Football Club returned goods worth RM 300.

24 Sold goods worth RM 5,000 on credit to Malacca Food Festival.

25 Paid owed amount to Awang Auto Bhd. by cash after deducting 6% of cash discount.

26 Paid staff salary RM 3,000 by cheque.

27 The owner withdrew cash RM 500 for his personal use.

29 Paid utility bills RM 400 by cash.

General Journal
Date Particulars Folio Debit (RM) Credit (RM)

Apr 1 Bank 20,000

Cash 10,000
 Food Truck 35,000
Capital 65,000
3 Cooking equipment 3000
Mika Enterprise 3000
9 Motor vehicle 7000
Awang Auto Bhd 7000
18 Drawing 120
Purchase 120
19 Bank 10,000
Loan from Amanah Bank 10,000
27 Drawing 500
Cash 500

Purchases Journal
Date Particulars Folio Invoice Amount (RM)
Apr 5 Ramli Enterprise 1000
12 Tijah Runcit 500
17 Rohani Trading 500
 Sales Journal
Date Particulars Folio Invoice Amount (RM)
Apr 6 Ihsan 2500
22 Tiger Football Club 1500
24 Melaka Food Festival 5000

Return Outwards Journal

Date Particulars Folio Credit Note Amount (RM)
No.
13 Ramli Enterprise 150
21 Rohani Trading 50

Return Inwards Journal

Date Particulars Folio Credit Note Amount (RM)
No.
Aps 16 Ihsan 225
23 Tiger Football Club 300
 Cash Receipt Journal
Date Receipt Details Folio Bank (RM) Account
No. Receivable
(RM)
Apr 15 Ali 2000 2000

Cash Payments Journal

Date Details Folio Cash Bank Discount Accounts Others
(RM) (RM) Received Payable
(RM) RM)
Apr 20 Ramli 850 85 765
Enterprise
25 Awang 7000 420 6580
Auto Bhd
26 Salary 3000 3000
29 Utility Bills 400 400