LET'S DRILL-ACCOUNTING BOOKS

PA101 FUNDAMENTALS OF ACCOUNTING

BOOK OF FIRST ENTRY AND LEDGER

EXERCISE

QUESTION 1

The following information was occurred in August 2011 for Karam Ibtisam Enterprise:

August 1          Started business with:

Cash in bank                                                   RM8000

Cash in hand                                                   RM1500

Furniture                                                         RM7800

Office equipment                                            RM8000

4                    Purchased office table RM450 from Farhan Furniture paid by cheque

7                    Purchased a van cost RM7500 through bank loan

10                Purchased goods from Maliq worth RM500, YangYuq RM730 and BolaYan RM1200

13        Returned goods to Yang Yuq worth RM100 because of damage

17        Sold goods RM700 on credit to Maria, RM600 to Sabarina and 300 to Ali

18        Sent credit note to Maria worth RM38

                        20        Drawing goods worth RM210 for personal use

                        24        Brought in personnel computer for office use

                        25        Paid BolaYan RM350 by cheque

                        26        Received cheque fom Sabarina RM450

                        27        Paid Maliq RM300 and YangYuq RM300 by cheque

                        30        Paid salaries RM 500 by cash

Instruction:

• ·         Record all transaction into the book of first entry and post to the ledgers
• ·         Prepare a trial balance as at 31 August 2011

 QUESTION 2

These were transactions for Ride Perfect for Mac 2011:

Mac     1          Baki akaun di awal bulan:

                        Tunai /Cash in Hand                           1175

                        Bank/Cash in Bank                             1300

                        Perabot/Furniture                                2750

                        Stok/Stock                                          2200

                        Alatan Pejabat/Office Equipment       4500

                        Penghutang/Debtor                             1825

                        Pemiutang/Creditor                             1840

                        Modal/Capital                                     ?

            2          Membeli barang niaga RM690 secara kredit

                        Purchase goods RM690 on credit

            4          Jualan sebanyak RM725 secara kredit

                        Sold goods RM725 on credit

7          Pinjaman sebanyak RM1500 yang diterima digunakan untuk membeli computer baru

                        Received loan RM1500 to buy new office computer

            10        Pemilik mengeluarkan sebuah meja pejabat bernilai RM225 untuk kegunaan

peribadi

Owner brought out office table worth RM225 for own purpose      

            13        Menerima cek RM325 daripada penghutang

                        Received cheque RM325 from debtor

16        Menerima nota kredit daripada pembekal untuk barang yang dipulangkan bernilai RM125

Received credit note from supplier RM125

            25        Membayar gaji secara tunai RM165

                        Paid salary RM165 on cash

            30        Membayar sewa kedai RM160 secara tunai

                        Paid shop rental RM160 on cash

Record all transaction into the book of first entry and post to the ledgers