GROUP ASSIGNMENT ACC406

Group: BA2451A

Prepared by:

SITI NURSHAHEERA BINTI MOHD YUSOF 2018200598

NORAZLIN BINTI ROSLAN 2018424674
NUR SYAZWANI BINTI MOHD TAMRIN 2018222118
JOSEPHINE WINNIE ANAK NOHIEM 2018227788

Prepared for: MADAM NURHAZRINA BINTI MAT RAHIM

Submission: 23 November 2018

0
ACKNOWLEDGEMENT

In the present world of competition, there is a race of existence in which those are having
will to come forward succeed. Project is like a bridge between theoretical amd practical working.
With this willing, we joined this particular project. First of all, we would like to thanked the
supreme power the Almighty Allah who is obviously the one who has always guided us to work
on the right path of life. Without his grace, this project could not become reality. Next to him is,
our parents who always give us the encouragement to this stage.

We are feeling oblige in taking the opportunity to sincerely thanks to Madam. Hazrina
Binti Mat Rahim, for guiding us to do this project together. We are also highly obliged in taking
opportunity to sincerely thanks to all the members who have been always helping and encourage
us though out the year. We have no valuable words to express our thanks but our heart is still full
with the favours that received from every person. We also thankful for ourselves who manage to
this together through our blood, sweat and tears.

1
CONTENT

1. ACKNOWLEGMENT 1

2. TABLE OF CONTENT 2

3. INTRODUCTION 3-4

4. CONTENT 5-14

4.1 ACCOUNTING TRANSACTION 5

4.2 SPECIALISED JOURNALS 6-7

4.3 SUBSIDIARY LEDGERS ACCOUNT 8-13

4.4 TRIAL BALANCE AS THAT 31 MAY 17 14

5.0 CONCLUSION 15

6.0 BIBLIOGRAPHY OR REFERENCES 16

7.0 APPENDIX 17

2
3.0 INTRODUCTION

JAZZ ENTERPRISE SDN BHD

Location of business: No. 11, Persiaran Klang Sentral 4,

Taman Klang Sentral,
Bukit Raja Meru,
41050, Klang, Selangor.

Operation Hour: 10.00am – 10.00pm, Off day on Saturday

No. Tel: 03-4478924

Sells the variety types of sport shoe and

Activities of the business:
jerseys.

Capital: RM50 000

Financial year end: 30 December 2017

3
Jazz Enterprise is an enterprise that selling sport products such as sport shoes, jersey, rackets, ball
and also socks. The location of the business is allocated at No. 11, Persiaran Klang Sentral 4,

Taman Klang Sentral, Bukit Raja Meru, 41050, Klang, Selangor. The operation hour of the
business is open daily from 10.00 a.m. to 10.00 p.m. except on Saturday.

The business is managed as sole proprietorship by Miss Josephine Winnie anak Nohiem with a
cash contribution of RM50,000 since January 2016. She managed her business together with her
three employees; Miss Siti Nurshaheera Binti Mohd Yusof, Miss Norazlin Binti Roslan and Miss
Nur Syazwani Binti Mohd Tamrin.

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4.0 CONTENT

4.1 ACCOUNTING TRANSACTIONS

May
1 Started business with RM50,000 cash.
3 Purchased goods worth RM5,000 on credit from SportDirect.com by cheque
(cheque no 232 441).
5 Purchased goods worth RM6,000 on credit from Kakijersey Enterprise.(invoice
no 980)
7 Paid rent amounting of RM500 in cash.
9 Deposited RM20,000 of the business cash into the bank account.
11 Sold goods worth RM6,900 on credit to Ali.(invoice no.007)
13 Bought office equipment worth RM2,500 by cash.
16 Sold goods worth RM18,000 on credit to Shah.(invoice no.009)
19 Goods worth RM500 returned by Ali. (credit note no. 8982)
21 Returned goods worth RM1,300 to SportDirect.com.(credit note 448)
23 Returned goods worth RM700 to Kakijersey Enterprise.(credit note no.569)
25 Goods worth RM400 returned by Shah (credit note no 8985)
26 Cash sale of RM25,000 by cash.(receipt no. 0334)
29 The owner withdrew goods worth RM200 and cash RM150 from the business for
his personal use.
30 Paid salary of RM3,000 by cash to the employees.(cheque no. 246500)

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4.2 SPECIALISED JOURNALS

GENERAL JOURNAL

Date Details Folio Debit (RM) Credit

(RM)
2017
May 01 Cash GL1 50,000
Capital GL1 50,000
May 09 Bank GL2 20,000
May 13 Office GL3 2,500
Equipment
Cash GL3 25,000

SALES JOURNAL

Date Details Invoice no. Folio Amount (RM)

May 11 Ali 007 SL1 6,900
May 16 Shah 009 SL2 18,000
May 31 Transfer to sale account 24,900

PURCHASE JOURNAL

Date Details Invoice no. Folio Amount

(RM)
May 3 SportDirect.com PL1 5,000
May 5 KakiJersey 980 PL2 5,000
Enterprise
May 31 Transfer to purchase account 10,000

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 RETURN OUTWARDS JOURNAL

Date Details Credit Note Folio Amount

no. (RM)
May 21 SportDirect.com 448 PL1 1,300
May 23 KakiJersey 569 PL2 700
Enterprise
May 31 Transfer to return outwards 2,000
account

RETURN INWARDS JOURNAL

Date Details Credit Note no. Folio Amount (RM)

May 19 Ali 8982 SL1 500
May 25 Shah 8985 SL2 400
May 31 Transfer to return inwards account 900

CASH PAYMENT JOURNAL

Date Cheque Details Folio Discount Bank Cash

no. Received (RM) (RM)
May 3 232441 SportDirect.com PL1 5,000
May 30 246500 Salary 3,000

CASH RECEIPT JOURNAL

Date Receipt Details Folio Discount Bank Cash

no. Received (RM) (RM)
May 19 8982 Ali SL1 500
May 25 8985 Shah SL2 400
May 26 0334 Sales 25,000

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8
 4.3 SUBSIDIARY LEDGERS ACCOUNT

Purchase Ledger

Account Payable a/c – SportDirect.com

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
22/05/17 Return outwards 1,300 03/05/17 Purchase 5,000
31/05/17 Balance c/d 800
01/06/17 Balance d/b 800

Account Payable a/c – Kaki Jersey Enterprise

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
24/05/17 Return outwards 700 05/05/17 Purchase 6,000
31/05/17 Balance c/d 5,300
01/06/17 Balance b/d 5,300

Sales Ledger

Account Receivable a/c - Ali

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
12/05/17 Sales 6,900 20/05/17 Return Inwards 500
31/05/17 Balance c/d 6,400
01/06/17 Balance b/d 6,400

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 Account Receivable a/c – Shah

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
16/05/17 Sales 18,000 25/05/17 Return Inwards 400
31/05/17 Balance c/d 17,600
01/06/17 Balance b/d 17,600

General Ledger

Capital

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
31/05/17 Balance c/d 50,000 01/05/17 Cash 50,000

01/06/17 Balance b/d 50,000

Office Equipment

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
13/05/17 Cash 2,500 31/05/17 Balance c/d 2,500

01/06/17 Balance d/b 2,500

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 Sales a/c

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
26/05/17 Cash 25,000 11/05/17 Acc Receivable 6,900
(Ali)
16/05/17 Acc Receivable 18,000
(Shah)
31/05/17 Balance c/d 100
01/06/17 Balance b/d 100

Return Inwards a/c

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
19/05/17 Receivable 500 31/05/17 Balance c/d 900
a/c (Ali)
25/05/17 Receivable 400
a/c (Shah)
01/06/17 Balance b/d 900

Return Outwards a/c

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
31/05/17 Balance 2,000 21/05/17 Payable a/c 1,300
c/d (SportDirect.com)
23/05/17 Payable a/c (Kaki 700
Jersey Enterprise)

01/06/17 Balance b/d 2,000

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 Bank a/c

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
09/05/17 Cash 20,000 31/05/17 Balance c/d 20,000

01/06/17 Balance b/d 20,000

Purchase a/c

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
03/05/17 Acc Payable 5,000 31/05/17 Balance c/d 11,000
(SportDirect.com)
05/05/17 Acc Payable 6,000
(KakiJersey
Enterprise)
01/06/17 Balance d/b 11,000

Cash

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
01/05/17 Capital 50,000 07/05/17 Rental 500
Expenses
09/05/17 Bank 20,000
31/05/17 Balance c/d 1,850 13/05/17 Office 2,500
Equipment
26/05/17 Sales 25,000
29/05/17 Drawing 150
01/06/17 Balance d/b 1,850

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 Salary Expenses

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
30/05/17 Bank 3,000 31/05/17 Balance c/d 3,000

01/06/17 Balance b/d 3,000

Rental Expenses

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
07/05/17 Cash 500 31/05/17 Balance c/d 500

01/06/17 Balance b/d 500

Drawing

Date Details Folio Amount Date Details Folio Amount

(RM) (RM)
29/05/17 Purchase 200 31/05/17 Balance c/d 350
29/05/17 Cash 150

01/06/17 Balance d/b 350

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4.4 TRIAL BALANCE AS AT 31 MAY 2017

DEBIT CREDIT
Capital 50,000
Sales 25,900
Return Outwards 2,000
SportDirect.com 3,700
KakiJersey Enterprise 5,300
Cash 25,000
Bank 20,000
Purchase 11,000
Return Inwards 900
General Expenses 500
Salary Expenses 3,000
Office Equipment 2,500
Ali 6,400
Shah 17,600
86,900 86,900

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5.0 CONCLUSION

In conclusion, final accounting is an essential practice for every enterprise to know the actual
performance of the organization. All mature organization should necessary prepared final
account of the organization for the effectiveness of business organization. Through this
business we did business transaction between our business and supplier also between our
business and customer. We record all the transaction by journal and ledger. For last we did
trial balance as at end the month of our business to detect errors within a given time period
and helps facilitate the preparation of financial statement.

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6.0 BIBLIOGRAPHY OR REFERENCES

BOOK
 Fatimah Abd Rauf, Financial Accounting For Non-accounting Students, Fifth
Edition, Kuala Lumpur, McGraw-Hill Education(Malaysia) Sdn Bhd, July 2016.

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7.0 APPENDIX

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