PROGRAM CODE:

BA119

PROGRAM NAME:

DIPLOMA IN BANKING STUDIES

FACULTY:

BUSINESS AND MANAGEMENT

COURSE CODE:

INTRODUCTION TO FINANCIAL ACCOUNTING (ACC117)

LECTURER NAME:

SAFLINA BINTI AZIS

NO NAME STUDENT ID
1 LUQMAN FITRI BIN MUHAMMAD FAUZI 2023815586
2 MUHAMMAD HARITH AIMAN BIN MOHD FAROUK 2023619942
3 NURAIN ATHIRAH BINTI MOHD FAUZI 2023890942
4 AISYAH SYAFIAH BINTI MOHD AZHAN 2023809464
 TABLE OF CONTENTS

NO. CONTENT PAGES

1. ACKNOWLEDGEMENT 3

2. INTRODUCTION OF ASSIGNMENT 3

3. BUSINESS BACKGROUND 4

4. BUSINESS TRANSACTION 4

5. JOURNAL

6. LEDGER

7. TRIAL BALANCE

8. CONCLUSION

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 ACKNOWLEDGEMENT

First and foremost, praises and thanks to Allah SWT, the Almighty, for showers of
blessing throughout our assignment to complete it successfully. Without His blessings, we
would not have gone this far. This assignment also could not have been completed without
the effort and cooperation given by the group members, which consisted of Luqman Fitri Bin
Muhammad Fauzi, Muhammad Harith Aiman Bin Mohd Farouk, Nurain Athirah Binti Mohd
Fauzi and Aisyah Syafiah Binti Mohd Azhan. We all always work hard in giving full
commitment in completing this assignment.

We would like to express our special thanks and gratitude to our beloved lecturer
madam Saflina Binti Azis for helping, guiding, and correcting us throughout completing this
assignment. Without her guidance, this report would not be as good as it is right now. With
countless time of consultations, numerous suggestions and ideas from her, our report could
run smoothly the entire time until it was finally completed.

Last but not least, I would like to thank to University Technology Mara (UiTM) campus
Rembau for providing a lot of facilities such as the library as it was the main place where we
did our discussion and research for this assignment. Not forgetting our classmates who
helped us with a huge number of ideas for our assignment.

INTRODUCTION OF ASSIGNMENT

In this group project, the students are expected to work collaboratively with each other in a
team to complete the accounting simulation project. At the end of this group project, every
team is expected to submit a written report for the accounting simulation project. Every
student should demonstrate a teamwork skill which is defined as a set of behaviours, that
can be learnt, which provide the individual with the capability of working towards team goals
whilst maintaining own integrity.

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 BUSINESS BACKGROUND

Business Name: Blooms Floral Enterprise

Place of Business: AEON MALL, Lot G60 Ground Floor, Sek 13, 40100 Shah Alam,
Selangor (tukar address butik acu)

Business Activities: Selling Flower Bouquets

Capital Contribution: RM 40,000

Financial Year End: RM taktau lagi

BUSINESS TRANSACTION

Date
Novembe Transactions Journal
r
1 Started the business with RM40,000 cash at bank and a General journal
secondhand car worth RM22,800.
1 Paid deposit amounted RM6,200 for rental premises by
cheque.
2 Purchased office equipment worth RM5,500 from
OfficeOrbit Enterprise on credit.
3 Purchased goods worth RM8,200 from Arjuna Flower
Enterprise on credit.
3 Purchased goods worth RM5,500 from Sweet Souvenir
Enterprise on credit.
5 Received RM700 cash from Izani for goods sold.
7 Sold goods worth RM7,000 to Sarong Sensations Sdn.
Bhd. on credit.
8 Sales return worth RM650 from Sarong Sensations Sdn.
Bhd.
8 Returned damaged goods amounting to RM750 to Arjuna
Flower Enterprise.
9 Rental received from Puan Dayana’s wedding amounted
to RM1,000 by bank
11 Purchase premium goods worth 10,500 from MyFlorist
Sdn. Bhd. On credit
11 Purchase second-hand van worth RM15,000 on credit.
13 Sold goods worth RM11,700 to City Haven Suites on
credit.
15 City Haven Suites returned goods amounting RM1,700
16 Paid RM3,000 cash to Perfect Present for goods
purchase

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18 Owner took out some goods worth RM1000 and cash at
bank worth RM500.
18 Return defective goods amounting RM1,200 to MyFlorist
Sdn. Bhd.
20 Bought Fittings worth RM700 cash from MajestyFits
22 Sold goods worth RM17,000 to Bloomington Grandeur
on credit.
23 Sales return amounting RM2,700 from Bloomington
Grandeur
24 Received cheque amounting RM340 from Bloomington
Grandeur for Cash on Delivery fee. (2%)
25 Bought stationeries amounting RM150 by cash.
26 SME Bank had approved and credited a loan amounting
worth RM35,000 to the business account
27 Purchase second-hand van worth RM20,000 on credit
28 Paid salary and wages amounting RM10,000 through
Electric Funds Transfer to employee.

35/15 cost RM175 = 1 NORMAL BOUQUET FLOWER

RM275 = 1 ABNORMAL BOUQUET FLOWER STAND
RM 5O ROOM
LOBBY