FAR 110 TUTORIAL 4

PYQ PtB Q1c JOURNAL

CAW. MELAKA

Question 1

Irham Trading is a business dealing in modern and unique home furniture. The business uses the
periodic inventory systems in recording the inventories. The following balances were taken from
the books of Irham Trading on 1 October 2013.
Fixtures and fittings RM24,000
Bank RM21,500
Accounts receivable: Arrogant Furniture Enterprise RM5,000
Capital RM50,500

The following are the transactions of Irham Trading for the month of October 2013:
Oct 2 Irham withdrew RM1,000 from the business bank account as cash to be used in his
business.
7 Received an invoice for the purchase of 3 units sofa sets from Zary Sdn Bhd
amounting to RM8,000 (credit term 5/15, net 30).
8 Sold 2 sets of modern dining set for RM5,500 per set on credit to Ziad Home Deco.
10 Received a cheque for cash sales amounting to RM6,000.
15 Issued a debit note to Zary Sdn Bhd for goods returned worth RM1,000.
16 Settled amount owed to Zary Sdn Bhd by cheque.
20 Received a cheque of RM5,000 from Arrogant Furniture Enterprise.
25 Paid utility bills by cash RM200.
Required:
Record the above opening balances and the transactions of Irham Trading for the month of
October 2013 in the relevant special journals.

Question 2 (sep2014)

Kilang Kerepek Sha is using a periodic inventory system in accounting for its inventory. The
business documents showed the following transactions for the month of May 2014.
Date Transactions
May 2 Purchased inventory worth RM10,000 on credit from Rejab Enterprise with a credit term
of 2/15, n/30.
5 Sold goods worth RM8,000 to Isnin Enterprise on credit. Credit term 2/15, n/30.
8 Returned defective inventory of RM1,000 to Rejab Enterprise.
13 Made full settlement of the amount due to Rejab Enterprise by cheque.
16 Received cheque from Isnin Enterprise for the full settlement of the outstanding amount.
28 Paid salary of RM3,000 by cheque to employees
Requirement:
Record the above transactions in the appropriate special journals and general journal.

Question 3 (mar2015)

Solehah started her hijab selling business, True Hijab on 1 January 2015. She invested RM50,000
cash and brought in her personal van worth RM80,000 into the business. The business uses the
periodic system to record the inventory. The followings are the transactions of True Hijab for the
month of January 2015:
Jan 2 Purchased 200 pieces of hijab from Aishah’s Hijab worth RM50 per piece on credit
with the terms 3/10, n30.
5 Made a cash sale of RM900 to Fatimah.
6 Returned 4 pieces of hijab to Aishah’s Hijab.
7 Granted a credit sale to Zainab amounting to RM3,000 with the terms 2/10, n30.
9 Issued a credit note to Zainab for goods returned worth RM300.
11 Took 5 pieces of hijab worth RM20 each to be given to Solehah’s cousins for their
umrah trip.
16 Received a cheque from Zainab for settlement of her debt.
 24 Paid amount owing to Aishah’s Hijab by cheque.
30 Paid cash for utility expenses of RM100 and salaries to worker amounting to RM700.
Required:
Record the above transactions in the appropriate special journals. Narration is not required.

Question 4 (sep2015)

Nur Aliah Anis started a business selling brooches and hijabs in Kuantan, Pahang on 1 June 2015.
She invested RM50,000 cash and brought a computer worth RM2,500 to be used in the business.
The followings are other transactions for the month of June 2015:
3 Purchased 70 units of Black Queen Brooches amounting to RM3,500 on credit from
Zahora Dot Com. The credit term offered by Zahora Dot Com was 5/10 net 30.
5 Purchased 80 units of Shanie Hijabs from Ruzuan Enterprise amounting to RM4,000 on
credit. The credit term offered by Ruzuan Enterprise was 2/10 net 20.
6 Returned 3 units of Black Queen Brooches amounting to RM150 to Zahora Dot Com
due to quality defect in the brooches.
10 Sold 4 units of Shanie Hijabs to Mesra Boutique on credit for RM75 each. The credit
term given was 1/15 net 30.
11 Paid Ruzuan Enterprise by cash.
12 Sold 12 units of Black Queen Brooches to Kejora Boutique on credit for RM80 each.
The business offered a trade discount of 5% for this transaction. The credit term given
was 2/15 net 30.
28 Kejora Boutique settled the amount owed to the business by cheque.
The business uses the periodic system to record the inventory.
Required:
Record all the above transactions in the special journals. Narration is not required.

Question 5 (mar2016)

On 1 June 2015, Mr. Arman owns Armani Enterprise, which produces and sells shawls. He brought
into the business RM5,000 furniture and RM35,000 cash. During the month of June 2015, these
were the Armani Enterprise transactions:
June Transactions
3 Opened a business bank account with Hong Ling Bank and transferred RM25,000
cash into the bank.
7 Received invoices from:
Prima Holdings RM5,000 (before trade discount of 3%)
Marvellous Sdn Bhd RM9,000 (before trade discount of 3%)
9 Received a credit note from Marvellous Sdn Bhd for goods returned amounting to
RM150.
13 Issued an invoice to Mr. Jamal for goods sold amounting to RM2,000. The credit term
is 5/10, net 30.
17 Issued a cheque for RM2,000 to Prima Holdings as partial settlement.
Armani Enterprise uses periodic inventory system in recording its inventories.
Required:
Record the above transactions into the appropriate ledger accounts (three columns ledger).

Question 6 (oct2016)

Given below are transactions for the month of June 2016 for Anggerik Enterprise, a business
selling groceries. The business maintains a periodic system in recording its inventory. The
following are the transactions for the month of June 2016:
2016 Transactions
June 1 The owner, Asyifa, contributed RM20,000 cash to start the business.
3 Transferred RM15,000 cash into the business bank account.
6 Received an approved bank loan of RM15,000 by cheque.
9 Bought shelves for goods display RM3,000 by cheque.
12 Received an invoice worth RM10,000 from Amri Enterprise.
14 Cash sales RM1,200.
 18 Issued debit note to Amri Enterprise for goods returned worth RM550.
20 Paid cashier salary of RM400 by cash.
22 Issued an invoice to Atera Cupcakes worth RM2,500.
25 Asyifa took goods for personal use worth RM200.
28 Paid water and electricity bills amounting to RM500 by cash.
30 Received a cheque, RM700 from Atera Cupcakes
Required:
Journalise the above transactions into the appropriate special journals. Narration is not required.

Question 7 (mar2017)

Given below are transactions for April 2016 for Muq Art and Design, a business selling special
design home decoration. The business uses the periodic system to record the inventory.
Date Transactions
Apr 1 The owner, Mr Mooqie, deposited RM50,000 cash into the business bank account to
start off the business.
2 Purchased goods worth RM4,500 and settled by cheque.
4 Cash sales RM1,000.
5 Received an invoice of RM6,000 from Rico Enterprise with credit terms 5/10, n30.
6 Issued an invoice to Aleef worth RM4,500. Credit terms of 5/10, n30.
7 Issued a credit note to Aleef amounting to RM500.
8 Issued a debit note to Rico Enterprise for goods returned worth RM400.
9 Received settlement from Aleef by cash.
10 Home decoration of RM1,500 was taken by Mr Mooqie as a wedding gift to his
brother.
11 Settled amount outstanding by cheque to Rico Enterprise.
Required:
Journalise the above transactions into the appropriate special journals. Narration is not required.

Question 8 (jan 2018)

The following monthly transactions were taken from Halal Mart owned by Puan Myra for the month
of March 2017:
March Transactions
2 Received a cheque of RM12,400 from a customer for sales
4 Bought a notebook from IT centre worth RM2,500 and paid by cheque
7 Amin settled amount due of RM1,200 by cash and a 10% discount was given to him
10 Owner withdrew RM500 cash for her personal use
15 Issued a receipt to Encik Tuah for cash sales of RM4,800
16 Purchased goods costing RM3,500 by cheque
18 Received RM550 commission from HPA by cheque
20 Paid expenses by cash: Telephone bill RM300, water and electricity bills RM260 and
office expenses RM80
23 A salary of RM900 was paid to Ahmad through online banking
26 Made full payment through online banking to Syarikat Muslim for the invoice dated 28
February 2017 amounted to RM3,600 and a 5% discount was received.
Note: the business use periodic inventory system.
Required:
Journalise the above transactions into the:
i. Cash receipt Journal
ii. Cash payment/disbursement Journal

Question 9 (jun2018)

Mia Batik Enterprise is using a periodic inventory systemin recording its inventory. The following
transactions occurred during January 2018:
Date Transactions
Jan 1 Owner brought additional cash RM10,000 and immediately banked into business
bank account
 2 Paid stationery RM150 by cheque
4 Received an invoice for goods purchased worth RM1,000 from Aina Enterprise.
Credit term was 2/10,n30
8 Owner took RM50 worth of goods for personal use.
9 Sold goods on credit to Tasha RM800 with credit term 2/15, n30
12 Settled the amount due to Aina Enterprise by cheque
16 Received a cheque for sales valued at RM900.
18 Issued a credit note to Tasha for goods returned amounting to RM200
22 Tasha settled he account by cash.
Required:
Journalise the above transactions into the appropriate special journals. Narration is not required.

Question 10 (dec2018)

Wira Sport Trading is a business dealing in sport equipment in Setia Alam. The business uses the
periodic inventory systems in recording the inventories. The following balances were taken from
the books of Wira Sport Trading on 1 July 2018.
Accounts Title RM
Fixtures and fittings 15,000
Bank 8,000
Inventory 50,000
Accounts receivable: Merbok Sports Centre 7,000
Accounts Payable: Panorama Bhd 6,000
Capital 74,000

The following are the transactions of Irham Trading for the month of July 2018:
July Transactions
4 Received an invoice from Panorama Bhd for sports equipment costing RM10,000. The
credit term was 5/15, net 30.
8 Received a cheque from Hurrem Bhd for cash sales worth RM8,000
10 Issued a debit note to Panorama Bhd for goods returned worth RM1,500
14 Owner brought an office equipment into the business costing RM8,000
15 Merbok Sports Centre settled their account by cheque
16 Issued a cheque to Panorama Bhd for settlement of the total amount owed
25 Issued an invoice to Wiley Trading for sports equipment worth RM3,500
Required:
Record the above opening balances and the transactions of Wira Sport Trading for the month of
July 2018 in the relevant special journals.

Question 11 (jun2019)

The following transactions occurred in November 2017 and were taken from Meeyaz Enterprise.
The business sells nursery tools and equipment and mostly deals with credit sales and credit
purchase transactions. The business uses periodic inventory system.
Nov Transactions
3 Issued an invoice with an amount of RM3,600 to Kebun Kita Entreprise with credit term
5/14, net 30.
5 Issued a credit note of RM250 to Kebun Kita Entreprise.
8 Received an invoice from Diana Living Decor with an amount of RM7,040 for purchasing
custom-made display shelves. The term agreed is 5/7, net 14.
14 Received an invoice with credit term of 5/10, net 30 from FR Sdn Bhd with an amount of
RM5,340 for purchasing various nursery tools
17 Received a credit note from FR Sdn Bhd with a total of RM 350.
22 Bought toolss from Rikki Warehouse on credit. The list price of the tools was RM3000. The
owner of Rikki Warehouse agreed to grant Meeyaz 10% discount. The invoice will be send
the next day.
Required:
Journalise all the above transactions in appropriate journals. (Narration is not required).
Question 12 (dec2019)
Istiqamah Amanah uses the periodic inventory system in recording its inventories. The following
are transactions that occurred in the month of June 2019.
Date Transaction
1 The owner introduced capital in the form of cash worth RM20.000 which was deposited
into the business bank account. The owner also brought in a computer and furniture worth
of RM2.000 and RM10,000 respectively.
3 Paid utilities RM250 by cheque.
5 Issued an invoice for goods sold on credit to Shahril worth RM3.000 with a credit term of
5/10, n30.
7 The owner took RM300 cash and RM500 worth of goods to celebrate his daughter's
birthday
8 Received an invoice for goods purchased of RM4.000 from Azita Enterprise with a trade
discount of RM200. The credit term is 2/10, n30.
10 Shahril settled the amount owing to Istiqamah Amanah by cheque.
13 Issued a debit note to Azita Enterprise for goods returned amounting to RM300.
17 Settled the amount due to Azita by cheque.
23 Sales worth RM700 was received in the form of a cheque.
Required:
Journalise the above transactions into the appropriate special journals. Narration is not required.