BACHELOR OF BUSINESS ADMINISTRATION (HONS.

)
OPERATIONS MANAGEMENT

INTERMEDIATE FINANCIAL ACCOUNTING AND REPORTING (ACC 406)

ACCOUNTING SIMULATION PROJECT

GROUP ASSIGNMENT

NAME STUDENT ID
SURI EZRINA BT. SAMSURI @ AB. HAMID 2016877926
MUHAMAD FAIZAL BIN AMBIAH 2016867592

LECTURER’S NAME : PUAN ??

CLASS : NBMOF2A

SUBMISSION DATE : 11 JUNE 2017

 Transactions of Kedai Runcit Jimat for the month of June 2016

Dat
Month e Transactions
June 1 Owner deposited cash into the bank account RM50,000 as business capital
3 Bought goods on credit from Atikah Adik Beradik RM2,000.
4 Paid shop rental amounting RM400 cash for the month of June.
5 Bought cashier machine RM1,200 pay by cheque.
6 Sold goods on credit to Karim RM1,200.
8 Bought another five goods RM1,400 by cash.
11 Cash sales RM200.
14 Returned goods to Atikah Adik Beradik RM300.
16 Goods returned by Karim RM550.
17 Bought another cashier machine by credit RM650 from Puri Bina Sdn Bhd
19 Bought goods on credit from Shawal Trading RM3,000
21 The owner (Faizal) took out a goods worth RM200 for his father as present.
22 Paid cash of RM1,200 for one year insurance policy.
23 Paid advertising expenses RM150 by cheque
25 Hired an assistant, Dania with wages RM900 per month by cheque.
26 Pay telephone, water and electricity expenses RM400 by cash.
27 The owner (Suri) took RM550 by cash for personal use.
30 Receive dividend from Amanah Saham RM 300 by cheque.

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 Journal Entry of Kedai Runcit Jimat for the month of June 2016

Date Effect Journal Entry

1 Asset + Dr Cash RM50,000
Capital + Cr Capital RM50,000
3 Asset + Dr Stocks RM2,000
Liability + Cr Atikah Adik Beradik RM2,000
4 Expenses + Dr Shop Rental RM400
Asset - Cr Cash RM400
5 Asset + Dr Cashier Machine RM1,200
Asset - Cr Bank RM1,200
6 Asset + Dr Karim RM1,200
Asset - Cr Stocks RM1,200
8 Asset + Dr Stocks RM1,400
Asset - Cr Cash RM1,400
11 Asset + Dr Cash RM200
Revenue + Cr Sales RM200
14 Liability - Dr Atikah Adik Beradik RM300
Asset - Cr Stocks RM300
16 Asset + Dr Stocks RM550
Asset - Cr Karim RM550
17 Asset + Dr Cashier Machine RM650
Liability + Cr Puri Bina Sdn Bhd RM650
19 Asset + Dr Stocks RM3,000
Liability + Cr Shawal Trading RM3,000
21 Drawing + Dr Owner Equity RM200
Asset - Cr Stocks RM200
22 Expenses + Dr Insurance Policy RM1,200
Asset - Cr Cash RM1,200
23 Expenses + Dr Advertising RM150
Asset - Cr Bank RM150
25 Expenses + Dr Wages RM900
Asset - Cr Bank RM900
26 Expenses + Dr Telephone, water and electricity RM400
Asset - Cr Cash RM400
27 Drawing + Dr Owner Equity RM550
Asset - Cr Cash RM550
30 Asset + Dr Bank RM300
Revenue + Cr Amanah Saham RM300

Ledgers Account of Kedai Runcit Jimat as at 30 June 2016

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 Cash Account
Debit Amount (RM) Credit Amount (RM)
(1) Capital 50,000 (4) Shop Rental 400
(11) Sales 200 (8) Stocks 1,400
(22) Insurance Policy 1,200
(26) Telephone, water and electricity 400
(27) Owner Equity 550
Balance c/d 46,250
Total 50,200 Total 50,200
Balance b/d 46,250

Capital Account
Debit Amount (RM) Credit Amount (RM)
Balance c/d 50,000 (1) Cash 50,000
Total 50,000 Total 50,000
Balance b/d 50,000

Stocks Account
Debit Amount (RM) Credit Amount (RM)
(3) Atikah Adik Beradik 2,000 (6) Karim 1,200
(8) Cash 1,400 (14) Atikah Adik Beradik 300
(16) Karim 550 (21) Owner Equity 200
(19) Shawal Trading 3,000 Balance c/d 5,250
Total 6,950 Total 6,950
Balance b/d 5,250

Shop Rental Account

Debit Amount (RM) Credit Amount (RM)
(4) Cash 400 Balance c/d 400
Total 400 Total 400
Balance b/d 400

Bank Account
Debit Amount (RM) Credit Amount (RM)
(30) Amanah Saham 300 (5) Cashier Machine 1,200
Balance c/d 1,950 (23) Advertising 150
(25) Wages 900
Total 2,250 Total 2,250
Balance b/d 1,950

Sales Account
Debit Amount (RM) Credit Amount (RM)
Balance c/d 200 (11) Cash 200

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 Total 200 Total 200
Balance b/d 200

Shawal Trading Account

Debit Amount (RM) Credit Amount (RM)
Balance c/d 3,000 (19) Stocks 3,000
Total 3,000 Total 3,000
Balance b/d 3,000

Insurance Policy Account

Debit Amount (RM) Credit Amount (RM)
(22) Cash 1,200 Balance c/d 1,200
Total 1,200 Total 1,200
Balance b/d 1,200

Wages Account
Debit Amount (RM) Credit Amount (RM)
(25) Bank 900 Balance c/d 900
Total 900 Total 900
Balance b/d 900

Amanah Saham Account

Debit Amount (RM) Credit Amount (RM)
Balance c/d 300 (30) Bank 300
Total 300 Total 300
Balance b/d 300

Atikah Adik Beradik Account

Debit Amount (RM) Credit Amount (RM)
(14) Stocks 300 (3) Stocks 2,000
Balance c/d 1,700
Total 2,000 Total 2,000
Balance b/d 1,700

Cashier Machine Account

Debit Amount (RM) Credit Amount (RM)
(5) Bank 1,200 Balance c/d 1,850
(17) Puri Bina Sdn Bhd 650
Total 1,850 Total 1,850
Balance b/d 1,850

Karim Account
Debit Amount (RM) Credit Amount (RM)

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 (6) Stocks 1,200 (16) Stocks 550
Balance c/d 650
Total 1,200 Total 1,200
Balance b/d 650

Puri Bina Sdn Bhd Account

Debit Amount (RM) Credit Amount (RM)
Balance c/d 650 (17) Cashier Machine 650
Total 650 Total 650
Balance b/d 650

Owner Equity Account

Debit Amount (RM) Credit Amount (RM)
(21) Stocks 200 Balance c/d 750
(27) Cash 550
Total 750 Total 750
Balance b/d 750

Advertising Account
Debit Amount (RM) Credit Amount (RM)
(23) Bank 150 Balance c/d 150
Total 150 Total 150
Balance b/d 150

Telephone, water and electricity Account

Debit Amount (RM) Credit Amount (RM)
(26) Cash 400 Balance c/d 400
Total 400 Total 400
Balance b/d 400

Trial Balance of Kedai Runcit Jimat as at 30 June 2016

Credit
List of accounts Debit (RM) (RM)

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 Capital 50,000
Cash 46,250
Stocks 5,250
A/c Payable Atikah Adik Beradik 1,700
Shop Rental 400
Cashier Machine 1,850
Bank 1,950
A/c Receivable Karim 650
Sales 200
A/c Payable Puri Bina Sdn Bhd 650
A/c Payable Shawal Trading 3,000
Owner Equity 750
Insurance Policy 1,200
Advertising 150
Wages 900
Telephone, water and electricity 400
Amanah Saham 300
TOTAL 57,800 57,800

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