SQLY za e SQLACCOUNT EXAM Exam For KOLEJ PROFESIONAL MARA AYER MOLEK MELAKA SQL Accounting Training Workshop (7** January 2022) Time : 2.30 pm to 6.00 pm (3.5 hours) — Date : 7 January 2022Index How to tum on Professional Module in SQL. ‘Accounting? Step 1: File | Customize SQL Account Modules Step 2: Double click on word “PROF” and press OK {B Customize SAL Account Modules HOMDOsossoN sey Oso Step 3: File | Log on Step 4: Re-login SQL then you can start your exam.for SOL Fi Assume that you are an ¢; Uses the standard 12 mo: department has decided to use ecutive accountant for a hair accessories wholesaler in Malaysia. This company mnths financial ending 31 December and this year, your company’s accounts SQL Financial Accounting to record and process their accounting transactions. ‘You are required to key in the information below into the new SQL Account system. Don’t forget to turn on the Professional Module Set. let's stat! 20XX = Current Year - 1, 20YY = Current Year, 20ZZ = Current Year + 1 Setting: 20XX = 2020, 20YY = 2021, 20ZZ = 2022 Part A - Company Details é Company Name Remark Registration Number : Business Nature Address Phone Fax Accounting Year @ a) Set Financial Period & System Conversion Data b) Preset your Company Profile & Report Header 201801000008 Hair Styling Accessories Wholesaler 'No.45, Jalan SSI / 89, 47300 Petaling Jaya, Selangor. 03-7742 1890 03-7742 1891 01 January 20YY — 31 December 20YYPart B= Maintenance u would have to configure the chart of accounts _ B (1): Before keying in any accounting transactions, yO aah ie for your sane vie ‘would need to create accounts, and sub-accounts ot eerie bgt aera use. Below are a few of your company’s account codes, configure the company ccount follow: Remark: Account code with * is sub account, AIC Type ‘Account Code 200-500 _ Current Liabilities | Current LiabilitiesB (2): The table below con c tains the details of your customers. Create the relevant customer accounts “sing the information that has been given, * Customer code may follow the code generated by system. Company Details Lot 25, One You Atria Mall, Persiaran ( 47300, Petaling Jaya, Selangor, Attn : Miss May | Tel: 03-3745 6430 Professional Hair Enterprise 387-B, Jalan Permaisuri Istana, | Taman Semarak, | (© | 30250 Ipoh, Perak. | Attn : Mr. Tommy Tel : 05-3127 543 Super Cut Studio $5, Jalan Tawar Li, Kajang Business Centre, 43000 Kajang, Selangor.files, the table helow contains all hose information, ereate the necessary supplier accounts: B(3); Similar to the customer’s pro! relevant informa suppliers for your company. Using ¢ . + Supplier code may fotlow the code generated by system. Area Agent | Credit Terms Johor \ Company Details Olaplex Hair Product Trading $6, Jalan Bonia 3, ‘Taman Bonia, 80150 Johor Bahru, Johor, Attn : Ms, Aina Tel : 07-255 8746 Penonic Electrical Sdn Bhd Lot. 8, Jalan Kilang 2, Kawasan Perkilangan, 75050 Melaka. Attn : Mr. Neo Tel : 07-247 0957 Shisudo International Sdn Bhd No.75, Jalan Dagang 1/3, Tel : 03-6547 8432 B(4): Stock groups are used to maintain the costiny items, 1 methods of your stock in the table below to ereate your company’s respective stock groups, Code Deseription | Costing | Sales | Cash | S.Retur Method | Code — Sales n Code “HD Hair Dryer | FIO | 500.000 HY Hair Trimmer FIFO | 500-100 0-100 1510-000 OTH | Others Weighted | 500-200 | 500-200 | $10-000 ERS Avene |_| 2te It is advisable that You create a stock code for each item that your company trades. With stock the system would be able to perform proper stock control and observe stock movement. Create Stock item codes for your company using these following details: ‘Remarks: the opening stock quantity costis same as the reference cost. Item Code Item Description Stock UOM RefCost Ref Price Opening Group Stock Qty Shisudo Rechargeable Hair Trimmer Olaplex Olaplex Hair Conditioner Bonding ConiPART C - MAINTENANCE OF OPENING BALANCE he debt CQ): All balances before the financial start period are called opening balances. Below are the debtors outstanding aging values as at 31 Dec 20XX. You are required to key in the opening customers based on this aging report. ‘company ‘contol Ac Co. Category Agent EA rea at Currency: Al Ted Canceled : No SortBy— : Cade;Companyiame AIR STYLING ACCESSORIES WHOLESALER (201801000008) MTD Pay Total "hty Bght Har Seloon 725,000.00 03-37456430 054 312pK_20 days Professional Har Erterpise 05-3127 543 45,000.00 108 31/12p0%_ 60 05/2 ‘Super cut Studio $096 037453 1042 30,000.00, 31/2006 30 b9ys Grand Total 9.00 _ 100,000, Customer 4 Months Aging As At 31/12/20Xx Current Mth 25,000.00 25,000.00, 45,000.00 45,000.00, 30,000.00 30,000.00, 100,000.00, ou also have outstanding on your supplier side as at 31 December 20XX. Below are outstanding of a few sup| information given, OLAPLEX HAIR PRODUCT TRADING $6. JALAN BONIA 3, TAMAN BONIA, S150 JOHOR BARRU, Phone: O7-255846TRANGGIT MALAYSIA THOR FIVE THOUSANDON et oo) eal oeealee Te eso gate ym a te ppt an aoe aaaewt at terres a some ert pete Myce SHISUDO INTERNATIONAL SDN BHD 1NO.75, JALANDAGANG 13, ‘PUSATKOMERSIAL DAGANG, ‘47000 SUNGAIBULOH SELANGOR ‘Phos: 08-65478482 HAIR STYLING ACCESSORIES WHOLESALER Nos, Jalan SSI / 88, ‘470 Petaing Jaya, Stanger, Te 03-770 1890 Fee _ 03-7702 1854 oo gaat ys tpt e Soompaganee ‘erst tan ene hy many He arate i AYC(3): Following are the GL Accounts’ Opening Balances #8 at 31/12/20XX+ Code Description | Local DR 200-200 | Furniture & Fittings | 200,000 | 200-205 ‘Accum Depm ~ Furniture & Fittings 200-300 | Office Equipment | \ 200-305 Accum, Deprn ~ Office Equipment 200-400 | Motor Vehicle | 200-405 | Accum. Deprn ~ Motor Vehicle 200-500 Land & Building [200-505 Accum. Depm — Land & Building | 300-£0001 | Eighty Bight Hair Saloon 300-P0001 Professional Hair Enterprise 300-8001 | Super Cut Studio 310-100 CIMB Bank 320-000 | Cash In Hand sce 330-000 Stock 4400-00001 | Olaplex Hair Product Trading 400-P0001 | Penonic Electrical Sdn Bhd 400-8001” Shisudo International Sdn Bhd 410-070 Electricity Accrued 410-080 Water Accrued 100-000 Equity 150-000 Retained Earning 490-000 | Loan ~ Property Loan ‘C(4): Below is the opening balance for bank reconciliations: TrkaccountCade 330.00, Bark accantbese $C WAM Bank Reconciliation Report WAR STYLING ACCESSORIES WHOLESALER (201801000008)¢ Part D— Case Study Below are the transactions of J: ‘ January 20YY, You are required records all the scenarios and follow the document number provided in the accounting system, Dw Jani 2 8) Purchasing department ‘expects an increase in customers in the following months since Chinese New Year is around the corner, Below : are the orders which issued to respective suppliers to restore stock to fulfil the high sales demand, DocNo | Supplier Description ‘N003 Olaplex Hair Product | 50 Sets of Olaplex Oil @ RM 180.00 ‘Trading 50 Sets of Olaplex Conditioner @ RM 220.00 80 Sets of Olaplex Colouring @RM 100.00 N006 Penonic Electrical 20 Units of Penonic 1000W @ RM 250.000 Sdn Bhd 30 Units of Penonic 2000W @ RM 300.00 N012 | Shisudo International | 30 Units of Shisudo Boost @ RM 150,00 Sdn Bhd 10 Units of Shisudo Rechargeable @ RM 200.00 b) On the same day, you went to CIMB Bank to withdraw some money to be used as cash company. Please record the drawings under Journal Entry. (Doe No: D012) 4 Description: Withdrawal from Bank Debit 320-000 Cash In Hand RM2,000 Credit 310-100 CIMB Bank RM2,000 are :13/01200" Eicimpank AST A/c WMTHORAWAL ON: 24/12/204% ss cove-oo0 "accurneD "MAME YOU FOR BANKING YTS7 DQ): 14 January 20YY 4 . ; a) Company received a cheque from customer Eighty Bight Hair cheque. (Doe No: U128) Saloon. Below is the information of the i invoice. « This is a post-dated cheque. * This payment is used to fully offset the outstanding past invo en 0". EIGTHTY EIGHT HAIR SALOON oe TWENTY FIVE THOUSAND ONLY _ 2 ‘eee MBB 04573 can nc an Ak RAEN HN ( ) A payment was made by the account department for last month’s utility bills, Please record the transactions in the system. (Doc No: ‘T198) ‘ Payment To / Description: Payment of Utility Bills for December 20XX Debit 410-070 Electricity Accrued RM 5,000.00 Debit 410-080 Water Accrued RM350.00 Credit 310-100 CIMB Bank RM 5,350.00 ©) Company made a donation worth RM500.00 to World Vision with cash in transaction, (Doe No: T202) Payment To / Description: Donation to World Vision Debit 924-000 Donation RM 500.00 Credit 320-000 Cash In Hand RM 500,00? Da January 20YY a) Company has received a message from customer Super Cut Studio requesting a quotation. Please process the transactions. (Doc No: M079) Hi, Lam Mr Lim from Super Cut Studio Can you please send me a quotation as below 5 units of Penonic 1000W 5 units of Penonic 20000 5 sets of Olaplex Oil 5 sets of Olaplex Conditioner 5 sets of Olaplex Colouring Thank you. Type a message gS Cy] b) Your company has received the stock that you ordered from your suppliers. Below are the invoices received from supplier. Please record the transactions accordingly. DocNo FromDocNo | Supplier Description 11097 Noos Olaplex Hair Product 50 Sets of Olaplex Oil @ RM 180.00 Trading 50 Sets of Olaplex Conditioner @ RM 220.00 a 80 Sets of Olaplex Colo 100.00 H114 ‘N006 Penonic Electrical Sdn Bhd | 20 Units of Penonic 100 250.000 { 30 Units of | 300.00 HI26 NOI2 Shisudo International Sdn BhdDG@):_18 January 20VY (ap Maybank officer called you to inform that the cheque that received on 14 January ae th fe ‘dite to a missing signature, Please bounce the payment in the system. After a discussion wit cae Hair Saloon, they agreed to direct transfer the amount RM 25,000.00 (Cheque No: TT) to your Account again, Please record this scenario accordingly. (Doe No: U135) b) Company received the purchase order from customers. Please record the transactions: DocNo Customer Description XO1l Eighty Eight Hair Saloon 20 Units of Shisudo Boost @ RM 250.00 10 Units of Shisudo Rechargeable @ RM 300.00 X014 Professional Hair Enterprise 30 Sets of Olaplex Oil @ RM 230.00 30 Sets of Olaplex Conditioner @ RM 280.00 30 Sets of Olaplex Colouring @ RM 150.00 ) Issue a Cash Sales document for walk in customer based on the details below: DocNo Customer Description Received In M002 | Cash Sales | 2 Units of Penonic 1000W @ RM 400.00 320-000 Cash In Hand Customer _| 2 Sets of Olaplex Colouring @ RM 150.00 M007 | Cash Sales | 1 Unit of Shisudo Boost @ RM 250.00 Customer _| 1 Set of Olaplex Oil @ RM 230.00 1 Set of Olaplex Conditioner @ RM 280.00 Hint: Create a new customer & name it as Cash Sales Customer with noD(S): 21 Janu: YY a Super Cut Studio approved a quotation that they received on 16 January 20YY and request to deliver all ie items to their warehouse. You're required to issue the delivery note based on their request. DocNo FromDocNo | Customer Description Y107 M079 Super Cut Studio | 5 Units of Penonic 1000W @ RM 400.00 with Dise 3% 5 Units of Penonic 2000W @ RM 450.00 with Disc 3% 5 Sets of Olaplex Oil @ RM 230.00 5 Sets of Olaplex Conditioner @ RM 280.00 ie 5 Sets of Olaplex Colouring @ RM 150.00 b) Employee Amy Lee passed a claim form to Account Department, please records this transaction under Cash Book and pays her with Cash In Hand. (Doc No: T146) © payment To / Description: Petrol & Toll Claim from Amy Lee5 January 20Y' a) You have to arrange for delivery once your customers have confirmé Note based on the information below: ed their order. Create the Delivery DocNo | FromDoeNo_| Customer Description Y213 XOil Bighty Eight Hair | 20 Units of Shisudo Boost @ RM ein Saloon 10 Units of Shisudo Rechargeable @ 300.00 — Y273 X0i4 Professional Hair 30 Sets of Olaplex Oil @ RM 230. Enterprise 30 Sets of Olaplex Conditioner @ RM 280.00 30 Sets of Olaplex Colouring @ RM 150.00 ») After issuing the delivery note, you would have to create invoices to be sent out to your customer for billing purposes. Please process the transactions. DocNo From Doc No | Customer Description S254 Y107 ‘Super Cut Studio 5 Units of Penonic 1000W @ RM 400.00 with Dise 3% 5 Units of Penonic 2000W @ RM 450.00 with Disc 3% 5 Sets of Olaplex Oil @ RM 230.00 5 Sets of Olaplex Conditioner @ R 5 Sets of Olaplex Colouring @ RM 15 S267 213 Eighty Bight Hair | 20 Units of Shisudo Boost @ RM 25 Saloon 10 Units of Shisudo R 300.00 $301 Y273 Professional Hair Enterprise 30 Sets of Olaplex 30 Sets of OlaplexF D(): 28 January 20YY a) Account department has prepared the payment for Suppliers. You are required to issue the payments to the respective suppliers: (knocked off FIFO accordingly) Doe. No Supplier Payment Method | Amount V324 Olaplex Hair Product Trading | CIMB Bank 70,000.00 V347 Penonic Electrical Sdn Bhd CIMB Bank 49,000.00 V419 Shisudo International Sdn Bhd CIMB Bank 46,500.00 D8): 25 Jant 20YY a) Eighty Eight Hair Saloon and Super Cut Studio requested to deliver the order as below and send the bill at the same day. Please issue the delivery note and bill the customer accordingly: DocNo Customer Description Delivery note - | Bighty Eight Hair Saloon | 15 Sets of Olaplex Ol @RM 230.00 289 25 Sets of Olaplex Conditioner @ RI Bill - $396 30 Sets of Olaplex Colouring @ 5 Units of Penonic 1000W @ R 5 Units of Penonic 2000W @R Delivery note - | Super Cut Studio 20 Sets of Olaplex Colouring @1 302 10 Units of Shisudo Boost @ RM Bill - $412 10 Units of Shisudo Re 10 Units of Penonic 1000W @R 10 Units of Penonic 200W @ b) You received the rental income from Mr Benny, please process the tran Received From / Description: Rental Income from Mr Benny Debit 310-100 CIMB Bank RM 15,000.00 Credit 540-000 Rental Income RM 15,000.00DQ): 30 January 20YY Penonic Electrical Sdn ‘ ‘ ty to Your purchasing department returned 1 unit of Penonic 2000W that was faulty to Peno on, (Doe No: ‘ is return Bhd; the item previous purchase invoice number is Hl14, Please record this re 069) i yod: Cash In Hand). Meantime, Penonic Electrical Sdn Bhd was refunded RM 300 in Cash (Payment meth Please record the corresponding documents for this scenario. (Doe No: F002) i i lease record ») Eighty Bight Hair Saloon returned 2 units of Shisudo Boost which had a defective a eee the sales retunmed in the system, Don't forget to offset with the outstanding invoice Docu ber: S267, (Doc No: R019) ©) Account Department received payment from customer as below (knocked off FIFO accordingly) Doc. No ‘Customer Payment Method | Cheque No ‘Amount U196 Eighty Bight Hair Saloon | CIMB Bank MBB 74321 __ | 7,500.00 U214 Professional Hair Enterprise | CIMB Bank ‘CIMB 25669 | 45,000.00 U265 Super Cut Studio ‘CIMB Bank cr 37,422.50 DAO): 31 January 20' a) Company processes Serene Tan Ru Yi’s January salary. Below is the payslip of the staf Yi paying by CIMB Bank, please record it accordingly. (Doc No: T564) Payment to/ Description: January Salary - Serene Tan Ru Yi Hair Styling Accessories Wholesaler AME SERENE TAM RUE DesteaTION : 'b) Please record 2 (two) payments made by CIMB Bank for the payment. contribution to EPF, SOCSO and EIS on Serene Tan Ru Yi's JanuaryPayment to / Description as below: a) January - Payment to Kumpulan Wang Simpanan Pekerja (EPF) (Doe No: T612) b) January - Payment to Pertubuhan Keselamatan Sosial (SOCSO & EIS) (Doe No: 1632) c) Below is the bank statement of January 20YY, please complete the bank reconciliation, Penyata Akaun bea Statement of Account ‘ACCOUNT NO. [STATEMENT DATE [aecounrno Paros ss Ba [DATE __[_DescRieTion [REFNO WITHDRAWAL] "DEPOSI Funds Transfer Funds Transter ‘Once you complete the above additional module, please record closing stock b December 20YY - RM 33,400.00