ACC 106

INTRODUCTION TO FINANCIAL ACOUNTING AND REPORTING

NAME:

MUHAMMAD SOHAIB AMMAR BIN MOHD NIZAM

STUDENT ID.:

2020151037

GROUP :

BA111 1B

TOPIC

INDIVIDUAL ASSIGNMENT

(BOOK OF PRIME ENTRY)

INTRODUCTION
 2. TRANSACTION FOR ONE MONTH

The following are the business transaction in May 2019 :

May :

1 Started the business with cash RM20,000 and bank RM30,000.

2 Bought a computer into the business worth RM1500 by cash from Farid Trading.

3 Purchased goods on credit from Syarikat Abu worth RM 4,000.

4 Took cash of RM250 for personal use.

5 Returned RM 1,000 goods to Syarikat Abu due low quality of goods.

6 Bought a Photostat Machine worth RM 800 from Salimi Enterprise paid by cash.

7 Sold goods to Izzul Trading worth RM 3,000 by cash.

8 Owner took goods worth RM 400 for personal use.

9 Purchased goods from Adjmal Trading RM 8,000 on credit.

10 Sold goods to Acap Enterprise amounting RM 4,400 on credit.

11 Returned goods worth RM 1,000 to Adjmal Trading.

12 Credit sales to Aqiem Enterprise worth RM 5,000.

13 Acap Enterprise returned defective goods worth RM 400.

14 The business paid the amount due in full by cheque to Adjmal Trading and
received 10% discount.

16 Aqiem returned goods worth RM 2,500 and was paid the amount immediately.

17 Purchased goods of RM 2,500 by cash from Amad Enterprise.

19 Purchased goods on credit worth RM 3750 from Tauke Trading.

20 Sold goods to Hazieq Trading worth RM 11,000 on credit.

21 Returned goods worth RM 700 to Tauke Trading, and received cash for the
amount.

22 Hazieq Trading returned goods worth RM 2,000.

24 Hazieq Trading paid the amount due in full by cheque and was allowed of
RM300 discount.

25 Purchase air conditioner worth RM 1370 for the shop by cheque from Amirah
Enterprise.

26 Paid petrol charge for delivery van RM 225 by cash.

27 Rent out part of the shop building to Mail Trading for RM 1000 per month received by
cheque.

28 Paid water and electricity bills totalling RM 265 in cash.

29 Received sales commission of RM1,200 by cash.

30 Paid salary to workers amounting RM 3300 by cash.

 JOURNAL

General Journal

CREDIT
DATE DETAILS DEBIT (RM) (RM)
2019
May-01 Cash 20000
Bank 30000

Capital 50000
(Started the
business with
cash and bank)
2 Computer 1500
Cash 1500
(Bought computer
by cash from
Farid Trading)
4 Drawings 250

Cash 250
(Owner took cash
for personal use)
6 Photostat 800
Machine
Cash 800
(Bought photostat
machine by cash
from Salimi
Interprise)
8 Drawings 400
Purchases 400
(Took goods from
business for
personal use)
25 Air Conditioner 1370
Bank 1370
(Bought air
conditioner by
cheque from
Amirah
Enterprise)
Total 4320 4320
 Purchases
Journal

AMOUNT
DATE DETAILS (RM)
May-03 Syarikat Abu 4000
9 Adjmal Trading 8000
19 Tauke Trading 3750
Transferred to 15750
Purchase acc

Sales Journal

AMOUNT
DATE DETAILS (RM)
May-10 Acap Enterprise 4400
12 Aqiem Enterprise 5000
20 Hazieq Trading 11000
Transferred to 20400
Sales acc

Return Outwards
Journal

AMOUNT
DATE DETAILS (RM)
May-05 Syarikat Abu 1000
11 Adjmal Trading 1000
21 Tauke Trading 700
Transferred to 2700
Return
Outwards acc

Return Inwards
Journal

AMOUNT
DATE DETAILS (RM)
May-13 Acap Enterprise 400
16 Aqiem Enterprise 2500
22 Hazieq Trading 2000
Transferred to 4900
Return Inwards
acc
 Cash Receipts
Journal

DISC. ACC. OTHER

DATE DETAILS CASH BANK ALLW. RECEIVEABLES SALES ACC
7 Izzul Trading 3000 3000
24 Hazieq Trading 8700 300 9000
27 Rental Received 1000 1000
29 Commission 1200 1200
Received
TOTAL 4200 9700 300 9000 3000 2200

Cash Payment
Journal

DISC. OTHER
DATE DETAILS CASH BANK REC. ACC. PAYABLE PURCHASE ACC
May-14Adjmal Trading 6300 700 7000
17Amad Enterprise 2500 2500
26Petrol 225 225
28Water and 265 265
electricity bills
30 Salary 3300 3300
TOTAL 6290 6300 700 7000 2500 3790
4. CLOSING OF ACCOUNT
5. TRIAL BALANCE