DECLARATION FORM OF GROUP ASSIGNMENT
INTRODUCTION TO FINANCIAL ACCOUNTING (ACC117/106)
Name of group leader and members: Student ID:
Xxxx (leader) xxxx
Xxxx (member) xxxx
Xxxx (member) xxxx
Xxxx (member) xxxx
Xxxx (member) xxxx
Due Date of Assignment: xxxx Submission Date: xxxx
PREPARED FOR:
LECTURER’S NAME
DECLARATION: We declare that the assignment here submitted is original and no part of this
assignment has been copied from other person's work except when due acknowledgement is
made in the text and all members of the group have read and checked all parts of the piece of work,
irrespective of whether they are contributed by individual members or all members as a group,
here submitted are original except for source material explicitly acknowledged.
Signature of group leader: Date:
DISCLAIMER:
A lecturer has a right not to mark this assignment if the above declaration has not been signed.
If the above declaration is found to be false, no mark will be rewarded for this assignment.
GROUP PROJECT 1
INTRODUCTION TO FINANCIAL ACCOUNTING
(ACC117/106)
PREPARED BY:
NAME STUDENT ID GROUP
1 XXXXX (leader)
2 XXXXX (member)
3 XXXXX (member)
4 XXXXX (member)
5 XXXXX (member)
DIPLOMA OF BUSINESS STUDIES (TRANSPORT)
PREPARED FOR:
Fairuz Ramli
TABLE OF CONTENTS
NO. CONTENT PAGES
1. ACKNOWLEDGEMENT
2. INTRODUCTION OF ASSIGNMENT
3. BUSINESS BACKGROUND
4. BUSINESS TRANSACTIONS
5. JOURNAL
6. LEDGER
7. TRIAL BALANCE
5. CONCLUSION
INTRODUCTION
Our business known as 5A SWEETIE Enterprise. 5A SWEETIE Enterprise is a sole
proprietorship that provides and contributes the various types of desserts and sweets that
made from premium chocolate. This store is located at 25, Jalan Suria 7, Bandar Baru Seri
Alam, 81750 Pasir Gudang, Johor. Our business capital is RM 50,000 and delivery lorry
worth RM 36,000. The objective of this company is to satisfy all the chocolate lover who are
craving of desserts and sweets that made from premium chocolate. Lastly, the company’s
financial year ends in December 23 as the business transactions start also in December 2023
PROFILE OF BUSINESS
NAME OF THE BUSINESS 5A SWEETIE Enterprise
PLACE OF BUSINESS 25, Jalan Suria 7, Bandar Baru Seri Alam,
81750 Pasir Gudang, Johor
BUSINESS ACTIVITY Selling variety types of dessert and sweets
that made from premium chocolate.
CAPITAL CONTRIBUTION RM 50,000 and delivery lorry worth
RM 36,000
FINANCIAL YEAR ENDED 1 December 2023 – 30 November 2024
TRANSACTION FOR THE MONTH OF December 2023
TRANSACTION FOR ONE MONTH
DATE TRANSACTIONS BOOKS OF PRIME ENTRY
December Started business with RM50000 in cash General Journal
1 and the owner brought in delivery lorry
worth to the business.
2 Purchased office equipment RM2000 General Journal
on credit from Yien Enterprise Bhd.
3 Purchased goods from Ain Tart Sdn Cash Payment Journal
Bhd and paid RM6000 by cash.
4 Sold chocolate bar to Ropeah worth Sales Journal
RM2300 on credit.
4 Cash sale of RM2000 to Anis. Cash Receipt Journal
6 The owner took cash amounted Cash Payment Journal
RM1500 for personal use.
8 Paid RM1000 for utility bills by cheque. Cash Payment Journal
10 Ropeah returned defective chocolate bar Return Inwards Journal
amounting to RM300.
12 Sold chocolate chips to Aishah Bakery Sales Journal
worth RM1500 on credit.
14 Paid water bill worth RM600 by cash. Cash Payment Journal
15 Receive commission from Bakery Sdn Cash Receipt Journal
Bhd worth RM 5000
18 Returned expired cocoa to Ain Tart Sdn Cash Payment Journal
Bhd worth RM1500 by cheaque.
20 Sold chocolate balls on credit to Sales Journal
Tajuddin amounting RM4400
21 Purchased refrigerator from Haffiz General Journal
Enterprise by credit worth RM5000.
23 The owner took goods RM 500 from the General Journal
business for her personal usage
24 Paid staff ‘s salary of RM600 in cash Cash Payment Journal
26 Receive commission from SitiSyafi Sdn Cash Receipt Journal
Bhd worth RM 3000 by cheaque.
27 Received a cheque for RM 3000 being Cash Receipt Journal
loan from ASH Bank
28 Purchased goods RM 2000 on credit Purchases Journal
from MRS Enterprise
29 Sold chocolate bar to Rokaiyah worth Sales Journal
RM 2000 on credit
30 Returned damage goods to MRS Return Outward Journal
Enterprise worth RM300
31 Tajuddin returned expired chocolate Return Inwards Journal
ball amounting RM500
SPECIALISED JOURNAL
GENERAL JOURNAL
DATE DETAILS DEBIT CREDIT
(RM) (RM)
DEC 1 Started bussines with cash and delivery lorry 50000
2 Yien Enterprise Bhd 2000
21 Purchased refrigerator from Haffiz Enterprise 5000
23 Took goods personal use 500
SALES JOURNAL
DATE PARTICULARS AMOUNT (RM)
2022 Ropeah 2300
Dec 4
12 Aishah Bakery 1500
20 Tajuddin 4400
29 Rokaiyah 2000
TRANSFERRED TO SALES ACCOUNT 10200
PURCHASE JOURNAL
DATE PARTICULARS AMOUNT
(RM)
28 MRS Enterprise 2000
TRANSFERRED TO PURCHASE ACCOUNT 2000
RETURN INWARDS JOURNAL
DATE PARTICULARS AMOUNT
(RM)
10 Ropeah 300
31 Tajuddin 500
TRANSFERRED TO RETURN INWARDS ACCOUNT 1800
RETURN OUTWARDS JOURNAL
DATE PARTICULARS AMOUNT
(RM)
30 MRS Enterprise 300
TRANSFERRED TO RETURN OUTWARD ACCOUNT 300
CASH RECEIPT JOURNAL
DATE DETAILS DISCOUNT CASH BANK
ALLOWED (RM) (RM)
(RM)
4 Sales 2000
15 Commission received 5000
26 Commission received 3000
27 Loan 3000
CASH PAYMENT JOURNAL
DATE DETAILS DISCOUNT CASH BANK
RECEIVED (RM) (RM)
(RM)
3 Purchase 6000
6 Drawing 1500
8 Utility bills 1000
14 Water bills 600
18 Ain Tart Sdn Bhd. 1500
24 Salary 600
GENERAL LEDGER
PURCHASES A/C
DATE PARTICULARS RM DATE PARTICULARS RM
2023 2023
Dec- 31 Total credit 2000 Dec - 6 Drawing 1500
purchases
2024 Balance c/d 500
Jan - 01
2000 2000
SALES A/C
DATE PARTICULARS RM DATE PARTICULARS RM
2023 2023
Dec - 4 Balance c/d 4000 Dec- 31 Total credit purchase 2000
Dec- 4 Cash 2000
4000 4000
2024 Balance b/d 4000
Jan- 01
RETURN OUTWARDS A/C
DATE PARTICULARS RM DATE PARTICULARS RM
2023 2023
Dec- 31 Balance c/d 300 Dec- 31 Total for the month 300
300 300
2024 Balance b/d 300
Jan- 01
RETURN INWARDS A/C
DATE PARTICULARS RM DATE PARTICULARS RM
2023 2023
Dec- 10 Account 300 Dec- 31 Balance c/d 2800
receiveable -
Ropeah
Dec- 31 Account 500
receiveable -
Tajuddin
Dec- 4 Cash 2000
2800 2800
2024 Balance b/d 2800
Jan- 01
PURCHASE LEDGER
ACCOUNT PAYABLE A/C - MRS Enterprise
DATE PARTICULARS RM DATE PARTICULARS RM
2023 2023
Dec- 30 Return outwards 300 Dec-28 Purchase 2000
Dec- 31 Balance c/d 1700
2000 2000
2024 Balance b/d 2000
Jan- 01
ACCOUNT PAYABLE A/C - Ain Tart Sdn Bhd
DATE PARTICULARS RM DATE PARTICULARS RM
TITLE
DATE PARTICULARS RM DATE PARTICULARS RM
TITLE
DATE PARTICULARS RM DATE PARTICULARS RM
SALES LEDGER
TITLE
DATE PARTICULARS RM DATE PARTICULARS RM
TITLE
DATE PARTICULARS RM DATE PARTICULARS RM
TITLE
DATE PARTICULARS RM DATE PARTICULARS RM
TITLE
DATE PARTICULARS RM DATE PARTICULARS RM
TRIAL BALANCE
NAME OF BUSINES
TRIAL BALANCE AS AT ………………
PARTICULARS DEBIT CREDIT
(RM) (RM)
CONCLUSION
