CONTENT

No. Particulars Page

1 Introduction
2 Transaction for one month
3 Journal
4 Ledgers
5 Trial balance

1
INTRODUCTION :

COMPANY BACKGROUND

MEGAH STATIONERY AND BOOK STORE

Location of business : No 45/01, Jalan Haji Zaini, Taman Intan, 45675 Seberang Perai, Pulau
Pinang.

Operation Hour : 8.30am - 10.30pm, off day on Friday

No. Tel : 04-98678976

Activity of Business : Sells various of stationery and book. The business also want to achieve
the goals of profit in the business and doing the job with more
efficient and effective and give the best service to the customers.

Capital : RM60,000

Financial year end : November 2019

2
 TRANSACTION

The following are the business transaction in 1 November 2019 :

DATE TRANSACTIONS
/NOVEMBER
1 Started the business with cash RM30,000 , RM30,000 with bank and premises RM20,000.
2 Bought office equipment by cash from KT company worth RM3,500.
4 The business purchased goods from Faber Castle Sdn. Bhd. on credit amounting
RM6,000. (invoice no.890)
6 Received RM8,700 as an interest income from an investment.
8 Bought a Photostat Machine cost RM1,050 from Gagah Enterprise paid by cash.
9 Sold goods to Meera amounting RM7,900 on credit. (invoice no. 006)
11 Paid general expenses RM600 by cash.
12 The business returns goods to Faber Castle Sdn. Bhd. worth RM2,300. (debit note
no. 556)
14 Meera returned goods worth RM600. (credit note no. 6775)
15 The business paid the amount due in full by cheque to Faber Castle Sdn. Bhd. and
received 10% discount.
16 Purchased goods for RM7,000 on credit from Comic Toon Sdn. Bhd. (invoice no.
576)
18 Sold goods worth RM28,000 on credit to Hamzah. (invoice no. 540)
The business purchased goods on credit RM6,000 from Swan Bhd. (invoice note
no. 132)
20 Goods worth RM500 returned by Meera. (credit note no. 1984)
21 The owner sold goods to Hafiezah worth RM20,000 by cheque.
22 Purchased goods for RM300 by cash from Violet Enterprise.
24 Sold goods to Dina amounting RM9,000 by cheque.
Meera paid the amount due in full by cheque and was allowed of RM325 discount.
25 Received rental payment worth RM1,000 by cash.
26 Purchased goods worth RM600 by cash from Fun Creative Product.
27 Returned damaged goods worth RM988 to Swan Bhd. (debit note no. 453)
Sold goods on credit RM10,090 to Izzah. (invoice no. 541)
29 Hamzah returned faulty goods worth on RM2,200. (credit note no. 1888)
Returned goods bought on credit RM800 to Comic Toon Sdn. Bhd. (debit note no.
199)
30 Paid electricity bills RM430 by cheque to Tenaga Nasional Bhd.
31 Received sales commission of RM2,000 by cash.
Paid salary to workers RM4,000 by cheque.

3
 JOURNAL

Purchases Journal
DATE PARTICULARS INVOICE NO. AMOUNT (RM)

Sept. 4 Faber Castle Sdn. Bhd. 890 6,000

Sept. 16 Comic Toon Sdn. Bhd 576 7,000

Sept. 18 Swan Bhd. 132 6,000

Sept. 31 Total transferred to purchase a/c 19,000

Sales Journal
DATE PARTICULARS INVOICE NO. AMOUNT (RM)

Sept. 9 Meera 006 7,900

Sept. 18 Hamzah 540 28,000

Sept. 27 Izzah 541 10,090

Sept. 31 Total transferred to sales a/c 45,990

Return Outwards Journal

DATE PARTICULARS DEBIT NOTE NO. AMOUNT (RM)

Sept. 12 Faber Castle Sdn. Bhd. 556 2,300

Sept. 27 Swan Bhd. 453 988

Sept. 29 Comic Toon Sdn. Bhd. 199 800

Sept. 31 Total transferred to return outwards a/c 4,088

4
 Return Inwards Journal
DATE PARTICULARS CREDIT NOTE AMOUNT (RM)
NO.

Sept. 14 Meera 6775 600

Sept. 20 Meera 1984 500

Sept. 29 Hamzah 1888 2,200

Sept. 31 Total transferred to return inwards a/c 3,300

Cash Receipts Journal

DATE ACCOUNTS CASH DR BANK DR DISCOUNT
ALLOWED
CREDITED (RM) (RM)
(RM)

Sept. 6 Interest income 8,700

Sept. 21 Hafiezah 20,000

Sept. 24 Dina 9,000

Meera 6,475 325

Sept. 25 Rental payment 1,000

Sept. 31 Sales comission 2,000

Sept. 31 Total 11,700 35,475 325

5
 Cash Payments Journal
DATE ACCOUNTS CASH CR BANK CR DISCOUNT
RECEIVED
DEBITED (RM) (RM)
(RM)

Sept. 11 General expenses 600

Sept. 15 Faber Castle Sdn. Bhd. 3,300 370

Sept. 22 Violet Enterprise 300

Sept. 26 Fun Creative Product 600

Sept. 30 Electricity bills (TNB) 430

Sept. 31 Salary expenses 4,000

Sept. 31 Total 1,500 7,730 370

General Journal
DATE PARTICULARS DEBIT (RM) CREDIT (RM)

Sept. 1 Cash 30,000

Bank 30,000

Premises 20,000

Capital (started the business with cash, 60,000

bank and premises)

Sept. 2 Office equipment 3,500

Cash (bought office equipment by cash 3,500

from KT company)

Sept. 8 Photostat machine 1,050

Cash (bought photostat machine by 1,050

cash from Gagah Enterprise)

6
7