FAR 110 ACCOUNTING SIMULATION

FAR 110
ACCOUNTING SIMULATION
PUAN NOOR SAATILA BINTI MOHD ISA
Prepared by:
NURBALQIS BINTI MOHD YAHYA (2014610132)
NUR AISYA BINTI ZULKEFLE (2014452968)
DAYANG NATASYA BT. ABDUL WAHID (2014479958)
NOOR ALIA BINTI AMIR (2014224232)
Acknowledgement
Alhamdulillah and gratitude to the Almighty for giving us the strength and patience
to complete this assignment.
We would like to express our gratitude to everyone that involve rather direct or
indirectly in helping us to complete this assignment. Firstly, we really appreciate all the helps
, advisors and information which given by our lecturer , Puan Noor Saatila. Without her
support, we may not able to solve problem during the process untill we finish the assignment
successfully.
In addition, we would like to take this opportunity to thanks those of our friend who
helped us and giving some guide to complete this assignment. Last but not least, thousands of
thanks we would like to express to our group member for the cooperation given to the group.
Without the cooperation and tolerance between the group members, we couldnt finish this
assignment. Finally, thanks again to anyone who had helped us and guided us in order to
finish the assignment.
Background of the Business
1.
Name of the business
#OOTD
2.
Owner
Affiya Durriyah
3.
Location
Lot 3F-5, 3nd Floor , SACC Mall Jalan Perbadanan 14/9

Seksyen 14, 4000 Shah Alam, Selangor.
4.
Type of business
Sole Proprietorship
5.
Accounting period
One Months
6.
Sell cloths
7.
Activity of the
business
Worker
8.
Business Status
Continuing the business
One (Dian Zara )
Transaction
No.
1.
Date
2014
July 1
Transaction
Fixtures and fittings

Bank
Cash
Capital
2.
3.
4.
5.
6.
2
4
4
5
6
7.
8.
9.
7
8
9
10.
11.
12.
10
11
12
13.
13
14.
14
15.
16.
17.
15
15
16
18.
19.
20.
21.
17
18
19
20
22.
23.
24.
25.
26.
27
28
29
30
21
22
23
24
26
27
28
29
31
RM
15 000
74 000
5 000
94 000
Made a loan from An Bank amounting RM 7500.

Purchased goods RM 1500 from FS Outlet and paid by cash.
Made a loan from Mybank amounting RM 5000.
Sold goods on cash to Superb Sisters Enterprise RM 2250.
Purchased goods worth RM 4000 from Anabell Outlet on credit and
received trade discount worth 3%
Purchased goods RM 300 from Rasa Sayang outlet and paid by cheque.
Sold goods on cash to SS Outlet Rm 1600.
Sold goods on credit to Brezeliuz Outlet RM 1000 and give a trade
discount worth 2%
Purchased a second hand van with cheque worth RM 10 000.
Purchased furniture on credit from Ana Furniture worth RM 10 000.
Purchased goods RM 5600 from Queen Lady on credit and received
trade discount worth 3%
Sold goods on credit to HS Outlet RM 800 and give a trade discount
worth 2%
Issued a debit note to Anabell Outlet for goods returned amounting RM
200
Rental received amounting RM 800 by cash.
Sold goods on credit to Balqis collection RM 3500.
Paid Queen Lady by cash for settlement of its credit purchased on 12
July 2014.
Sold goods on credit RM 2800 to HDE Collection.
Received cheque from Brezelius Outlet for settlement of its credit sales.
Received a cheque from HS Outlet for settlement of its credit sales.
Received a debit note from HDE Collection for goods returned RM
840.
Purchased good RM 650 from forever 21 outlet on credit.
Paid Anabell outlet by cheque for its credit purchased on 9 July 2014.
Car repair expanses by cheque amounting RM 350.
Paid electricity expanses RM 120 by cash.
Paid RM 500 for rental by cash.
Received comission amounting RM 1000 by cash
Withdraw goods worth RM 200 and cash RM 200 for personal use.
Paid the worker salary RM 1500 by cheque.
Inventory as at 31 July 2014 amounted to RM 10350.
MEMO
Lot 3F-5, 3nd Floor , SACC Mall
Jalan Perbadanan 14/9 Seksyen 14,
4000 Shah Alam, Selangor.
Auditor,
No : 006
Asset and liability balance from last month. Fixture and fittings RM 15000, bank
RM 74000 , Cash RM 5000.
Document 1
AN Bank (M) Bhd
CREDIT INFORMATION
To: #ootd
Account No
:060996010397
Date : 2 July 2014
Amount (RM)
7500
LOAN : SHOP UPGRADES
Document 2
CASH PAYMENT
FS Outlet
3-6-9 Lot 14 , Jalan Perak
13600 Bukit Jambul
Pulau Pinang.
ORIGINAL
No: CP078
Date: 4 July 2014
To: #ootd
Quantity
1. Goods
2.
3.
4.
15
Price
per
unit
(RM)
100
Amount
RM: ONE THOUSAND FIVE HUNDRED
Cash / Cheque No:
Document 3
Amount
(RM)
1500
1500
MayBank (M) Bhd
CREDIT INFORMATION
Account No
:060996010397
To: #ootd
Date : 4 July 2014
Amount
(RM)
5000
LOAN: SHOP UPGRADES

FIVE THOUSAND
Document 4
CASH PAYMENT
#ootd
COPY
No: CP069
Date: 5 July 2014
TO:
Superb Sisters Enterprise
9-6 Jalan Mutiara
11200 Bagan Ajam
Pulau Pinang
Quantity
1. Goods
2.
3.
4.
45
Price
per
unit
(RM)
50
Amount
TWO THOUSAND TWO HUNDRED AND FIFTY
Cash / Cheque No:
Document 5
Amount
(RM)
2250
2250
INVOIS
Anabell Outlet
Lot 7337-03
ORIGINAL
No: INV 024
Date:6 July 2014
Jalan Pelangi 14300,

Pulau Pinang
TO:
#ootd
#
1. Goods
2.
3.
4.
Quantity
80
FOUR THOUSAND
DOCUMENT 6
Price per
unit (RM)
50
Amount
(RM)
4000
Amount
4000
CASH PAYMENT
Rasa Sayang Outlet
2468 Lot 13, Jalan Emas,
13600 Bukit Jambul
Pulau Pinang.
ORIGINAL
No: BT123
Tarikh: 2 Ogos 2012
Kepada:
#ootd
Quantity
1. Goods
2.
3.
4.
10
Price
per
unit
(RM)
30
Amount
TWO THOUSAND TWO HUNDRED AND FIFTY
Cash / Cheque No: AN 000124
Document 7
Amount
(RM)
2250
2250
CASH PAYMENT
#ootd
COPY
No: CP070
Date: 8 July 2014
TO:
SS Outlet
No 9, Jalan Bahagia,
14000 Bukit Mertajam,
Pulau Pinang.
Quantity
1. Goods
2.
3.
4.
30
Price
per
unit
(RM)
70
Amount
ONE THOUSAND SIX HUNDRED
Cash / Cheque No:
Document 8
Amount
(RM)
1600
1600
COPY
INVOIS
#ootd
4000 Shah Alam, Selangor
No: INV 024

Date:9 July 2014
TO:
Brezelius Outlet
No 14, Lorong 10,
Taman Bukit Minyak 14000
Pulau Pinang.
.
#
1. Goods
2.
3.
4.
Quantity
80
FOUR THOUSAND
Trade Discount : 2%
DOCUMENT 9
Price per
unit (RM)
50
Amount
(RM)
4000
Amount
4000
MEMO
Auditor,
No : 007
Bought a second hand van with cheque worth RM 10000 on 10 July 2014
Document 10
ORIGINAL
INVOIS
No: INV 024

Date:11 July 2014
Alam Perabot
Lot 39, Jalan 123,
Taman Delima 14000

Pulau Pinang
TO:
#ootd
#
1. Furniture
2.
3.
4.
Quantity
1
TEN THOUSAND
DOCUMENT 11
Price per
unit (RM)
10 000
Amount
(RM)
10 000
Amount
10 000
ORIGINAL
INVOIS
No: INV 025

Date:12 July 2014
Butik Queen Lady

No 40 Jalan Bahagia,
96000 Bukit Mertajam

Pulau Pinang
TO:
#ootd
#
1. Goods
2.
3.
4.
Quantity
70
FIVE THOUSAND AND SIC HUNDRED

Trrade discount : 3%
DOCUMENT 12
Price per
unit (RM)
80
Amount
(RM)
5600
Amount
5600
COPY
INVOIS
#ootd
No: INV 025

Date:13 July 2014
TO:
HS Outlet
No 42, Lorong Relau,
11190 Bukit Jambul,
Pulau Pinang.
#
1. Goods
2.
3.
4.
Quantity
10
EIGHT HUNDRED
Trade Discount : 2%
DOCUMENT 13
Price per
unit (RM)
80
Amount
(RM)
800
Amount
800
CREDIT NOTE
HDE Collection
No. 7 , Jalan 2419,
Taman Lara 19600,
Pulau Pinang.
COPY
No: CN020
Date : 14 July 2014
TO:
#ootd
1. goods
2.
3.
Quantity
Price per
unit (RM)
Amount
(RM)
50
200
Amount
TWO HUNDRED
DOCUMENT 14
200
RECEIPT
COPY
#ootd
Ref No: RR081

Date:15 July 2014

FROM:
AMOUNT:
FOR:
FOS Outlet
Eight Hundred
Paid Rent
RM 800
Cash / Cheque No:
Document 15
COPY
INVOIS
#ootd
No: INV 026

Date:15 July 2014
TO:
Balqis Collection
Lot 2F-6 , 2nd floor, Sacc Mall
Jalan Perbadanan 14/9 Seksyen
14, 4000 Shah Alam, Selangor.
#
1. Goods
2.
3.
4.
Quantity
50
THREE THOUSAND FIVE HUNDRED
DOCUMENT 16
Price per
unit (RM)
70
Amount
(RM)
3500
Amount
3500
RECEIPT
ORIGINAL
Butik Queen Lady

No, 7, Jalan 2419,
Taman Lara 19600,
Pulau Pinang.
TO:
AMOUNT:
FOR:
Ref No: RR081

Date:16 July 2014
#ootd
Five Thousand four hundred and thirty two.
Paid INV 025
RM 5432
Cash / Cheque No:
Document 17
COPY
INVOIS
#ootd
No: INV 026

Date:17 July 2014
TO:
HDE Collection
No. 7 , Jalan 2419,
Taman Lara 19600,
Pulau Pinang.
#
1. Goods
2.
3.
4.
Quantity
40
TWO THOUSAND EIGHT HUNDRED
DOCUMENT 18
Price per
unit (RM)
70
Amount
(RM)
2800
Amount
2800
RECEIPT
COPY
#ootd
Ref No: RR082

Date:18 July 2014

FROM:
AMOUNT:
FOR:
Brezeliuz Outlet
Three Thousand Nine Hundred and Twenty
Settlements for its credit sale
RM 3920
Document 19
RECEIPT
COPY
#ootd
Ref No: RR083

Date:19 July 2014

FROM:
AMOUNT:
FOR:
HS Outlet
Seven Hundred and Eighty Four
Settlement of its credit sales
RM 784
Document 20
CREDIT NOTE
HDE Collection
No. 7 , Jalan 2419,
Taman Lara 19600,
Pulau Pinang.
SALINAN
No: CN020
Date:20 July 2014
TO:
#ootd
Quantity
Price per
unit (RM)
Amount
(RM)
140
840
1. Goods
2.
3.
Amount
EIGHT HUNDRED AND FOURTY
Document 21
840
INVOIS
Forever 21
Lot 7447-03
ORIGINAL
No: INV 024
Date:21 July 2014

Pulau Pinang
TO:
#ootd
Quantity
1. Goods
2.
3.
4.
13
SIX HUNDRED AND FIFTY
DOCUMENT 22
Price per
unit (RM)
50
Amount
(RM)
650
Amount
650
RECEIPT
ORIGINAL
Anabell Outlet
Ref No: RR081

Date:16 July 2014
Lot 7337-03

Pulau Pinang.
TO:
AMOUNT:
FOR:
#ootd
Three thousand Six hundred and fourty eight
Paid INV 024
RM 3648
Cash / Cheque No: AN OOO668
Document 23
RECEIPT
ORIGINAL
Weasly Enterprise
Ref No: RR081

Date:16 July 2014
Lot 01
Jalan Weasly 14000,

Bukit Mertajam,
Pulau Pinang.
TO:
AMOUNT:
FOR:
#ootd
Three hundred and fifty
Paid for car repair.
RM 350
Document 24
TENAGA NASIONAL BERHAD
Electric Bill
#ootd
Amount
RM 120.00
Cas
#
Date updates
24-07-2014
Unit
200
Amount
RM 120.00
Extra payment : RM 0.00
Amount : RM 110
Amount paid on 24 July 2014
Document 25
RECEIPT
ORIGINAL
Weasly Enterprise
Ref No: RR081

Date:26 July 2014
Lot 01
Jalan Weasly 14000,

Bukit Mertajam,
Pulau Pinang.
TO:
AMOUNT:
FOR:
#ootd
Five Hundred
Paid rental.
RM 500
Cash / Cheque No:
Document 26
MEMO
Auditor,
No : 008
Received commission amounting RM 1000 by cash on 27 July 2014
Document 27
MEMO
Auditor,
No : 009
Withdraw goods worth RM 200 and cash RM 200 for personal use on 28
July 2014.
Document 28
Date:
To:
For:
29.07.2014
Dian Zara
Paid worker salary
Last balance
Deposit
Amount
Cheque
Balance
74000
00
74000
00
1500
00
72500
00
No : BN
000126
Document 29
General Journal
Date
2014
July 1
Particular

Bank
Cash
Capital
Folio
Debit
Credit
RM
15 000
74 000
5 000
94000
94 000
94 000
( assets, liabilities recorded on this date )
July 2
July 4
Bank
An bank
7 500
Bank
Mybank
5 000
7 500
5 000
( made a loan from the banks )
July 10
Second-hand Van
Assets
10 000
10 000
( purchase second-hand van on credit )

July 11
Furniture
Assets
10 000
10 000
( purchase furniture on credit )

July 28
Drawings
Purchase
200
Drawing
Cash
200
( withdraw goods and cash for personal

use )
200
200
Purchases Journal
Date
Particular
Inv. No
Folio / Ref
Amount
July 4
FS Outlet
1 500
July 6
Anabelle Outlet
3 880
July 7
Rasa Sayang
300
July 12
Queen Lady
5 432
July 21
Forever 21 Outlet
650
2 420
( transferred to Purchases account )
sales journal
Date
Particular
Inv. No
Folio / Ref
Amount
July 5
Superb Sisters Enterprise
2 250
July 8
SS Outlet
1 600
July 9
Brezelius Outlet
980
July 13
HS Outlet
784
July 15
Balqis Collection
3 500
July 17
HDE Collection
2 800
11 914
( transferred to Sales Account )
Cash Receipt Journal

Date
Particular
Folio /
Ref
Discount
Allowed
(RM)
Cash
(RM)
Bank
(RM)
July 15
Anabelle Outlet
July 18
Brezelius Outlet
980
July 19
HS Outlet
784
800
cash payment journal

Date
Particular
Folio /
Ref
Discount
Allowed
(RM)
Cash
(RM)
Bank
(RM)
July 16
Queen Lady
July 22
Anabelle Outlet
3 880
July 23
Car repair
350
July 24
Electricity bills
120
July 26
Rental
800
July 27
Commision
July 29
Worker salary
485
1 000
1 500
purchase return
Date
Particular
July 14
Anabelle Outlet
Folio
Referance
Amount (RM)
200
( transferred to return outward account )
Sales return
Date
Particular
July 20
HDE Collection
( transferred to return inward account )
Folio
Referance
Amount (RM)
840
FIXTURE AND FITTING A/C

DATE
2014
JULY 1
PARTICULAR
DEBIT(RM)
CAPITAL
CREDIT(RM)
15 000
BAL(RM)
15 000
FURNITURE A/C
DATE
2014
JULY 11
PARTICULAR
DEBIT(RM)
A/P ANA FURNITURE
CREDIT(RM)
10 000
BAL(RM)
10 000
PURCHASES A/C
DATE
2014
JULY 1
4
6
7
12
21
28
PARTICULAR
DEBIT(RM)
BANK
CASH
A/P ANABELLE OUTLET
BANK
A/P QUEENS LADY
A/P FOREVER 21 OUTET
DRAWING
CREDIT(RM)
10 000
1500
4000
300
5600
650
200
BAL(RM)
10 000
11 500
15 500
15 800
21 400
22 050
21 850
SALES A/C
DATE
2014
JULY 5
8
9
13
15
17
PARTICULAR
CASH
CASH
A/R BREZELIUZ OUTLET
A/R HS OUTLET
A/R BALQIS COLLECTION
A/R HDE OUTLET
DEBIT(RM)
CREDIT(RM)
2250
1600
1000
800
3500
2800
BAL(RM)
2250
3850
4850
5650
9150
11 950
BANK A/C
DATE
2014
JULY 1
2
4
7
10
18
19
22
23
29
PARTICULAR
DEBIT(RM)
CAPITAL
PURCHASES
AN BANK
MYBANK
PURCHASES
VAN
A/R BREZELIUZ OUTLET
A/R HS OUTLET
A/P ANABELLE OUTLET
VAN REPAIR EXPENSES
WORKER SALARY
CREDIT(RM)
74 000
10 000
7500
5000
300
10 000
980
784
3680
350
1500
BAL(RM)
74 000
64 000
71 500
76 500
76 200
66 200
67 180
67 964
64 284
63 934
62 434
CAPITAL A/C
DATE
2014
JULY 1
PARTICULAR
DEBIT(RM)
FIXTURE AND FITTING

BANK
CASH
CREDIT(RM)
15 000
74 000
5000
BAL(RM)
15 000
89 000
94 000
CASH A/C
DATE
2014
JULY 1
4
5
8
15
16
24
26
27
28
PARTICULAR
CAPITAL
PURCHASES(FS OUTLET)
PURCHASES(SUPERB
SISTERS ENTERPRISE)
PURCHASES(SS OUTLET)
RENTAL RECEIVED
A/P QUEENS LADY
ELECTRICITY EXPENSES
RENTAL
COMISSION
DRAWING
DEBIT(RM)
CREDIT(RM)
5000
1500
2250
1600
800
5432
120
500
1000
200
BAL(RM)
5000
3500
5750
7350
8150
2718
2598
2098
3098
2898
AN BANK A/C
DATE
2014
JULY 2
PARTICULAR
DEBIT(RM)
BANK
CREDIT(RM)
7500
BAL(RM)
7500
MYBANK A/C
DATE
2014
JULY 4
PARTICULAR
DEBIT(RM)
BANK
CREDIT(RM)
5000
BAL(RM)
5000
DISCOUNT RECEIVED A/C

DATE
2014
JULY 6
12
PARTICULAR
DEBIT(RM)
PURCHASES(A/P
ANABELLE OUTLET)
PURCHASES(A/P QUEENS
LADY)
CREDIT(RM)
BAL(RM)
120
120
168
288
A/P ANABELLE OUTLET A/C

DATE
2014
JULY 6
14
22
PARTICULAR
PURCHASES
PURCHASE RETURN
BANK
DEBIT(RM)
CREDIT(RM)
3880
200
3680
BAL(RM)
3880
3680
0
A/R BREZELIUZ OUTLET A/C

DATE
2014
JULY 9
18
PARTICULAR
PURCHASES
BANK
DEBIT(RM)
CREDIT(RM)
980
980
BAL(RM)
980
0
DISCOUNT ALLOWED A/C

DATE
2014
JULY 9
PARTICULAR
PURCHASES(A/R
BREZELIUZ OUTLET)
DEBIT(RM)
20
CREDIT(RM)
BAL(RM)
20
13
PURCHASES(A/R HS
OUTLET)
16
36
VAN A/C
DATE
2014
JULY 10
PARTICULAR
BANK
DEBIT(RM)
CREDIT(RM)
10 000
BAL(RM)
10 000
A/P ANA FURNITURE A/C

DATE
2014
JULY 11
PARTICULAR
DEBIT(RM)
FURNITURE
CREDIT(RM)
10 000
BAL(RM)
10 000
A/P QUEENS LADY A/C

DATE
PARTICULAR
2014
JULY 12 PURCHASES
16 CASH
DEBIT(RM)
CREDIT(RM)
5432
5432
BAL(RM)
5432
0
A/R HS OUTLET A/C

DATE
PARTICULAR
2014
JULY 13 PURCHASES
19 BANK
DEBIT(RM)
CREDIT(RM)
784
784
BAL(RM)
784
0
RENTAL RECEIVED A/C

DATE
2014
JULY 15
PARTICULAR
DEBIT(RM)
CASH
CREDIT(RM)
800
BAL(RM)
800
A/R BALQIS COLLECTION A/C

DATE
2014
PARTICULAR
DEBIT(RM)
CREDIT(RM)
BAL(RM)
JULY 15
PURCHASES
3500
3500
A/R HDE OUTLET A/C

DATE
PARTICULAR
2014
JULY 17 PURCHASES
20 SALES RETURN
DEBIT(RM)
CREDIT(RM)
2800
840
BAL(RM)
2800
1960
PURCHASES RETURN A/C

DATE
2014
JULY 14
PARTICULAR
DEBIT(RM)
A/P ANABELLE OUTLET
CREDIT(RM)
200
BAL(RM)
200
SALES RETURN A/C

DATE
2014
JULY 20
PARTICULAR
A/R HDE OUTLET
DEBIT(RM)
CREDIT(RM)
840
BAL(RM)
840
A/P FOREVER 21 OUTLET A/C

DATE
2014
JULY 21
PARTICULAR
DEBIT(RM)
PURCHASES
CREDIT(RM)
650
BAL(RM)
650
VAN REPAIR EXPENSES A/C

DATE
2014
JULY 23
PARTICULAR
BANK
DEBIT(RM)
CREDIT(RM)
350
BAL(RM)
350
ELECTRICITY EXPENSES A/C

DATE
2014
JULY 24
PARTICULAR
CASH
DEBIT(RM)
CREDIT(RM)
120
BAL(RM)
120
RENTAL A/C
DATE
PARTICULAR
DEBIT(RM)
CREDIT(RM)
BAL(RM)
2014
JULY 26
CASH
500
500
COMMISSION A/C
DATE
2014
JULY 27
PARTICULAR
DEBIT(RM)
CASH
CREDIT(RM)
1000
BAL(RM)
1000
DRAWING A/C
DATE
2014
JULY 28
PARTICULAR
CASH
PURCHASES
DEBIT(RM)
CREDIT(RM)
200
200
BAL(RM)
200
400
WORKER SALARY A/C

DATE
2014
JULY 29
PARTICULAR
BANK
DEBIT(RM)
1500
CREDIT(RM)
BAL(RM)
1500
#OOTD
TRIAL BALANCE AT 31 DECEMBER 2014
RM
FIXTURE AND FITTING
15 000
FURNITURE
10 000
PURCHASES
21 850
SALES
BANK
11 950
62 434
CAPITAL
CASH
RM
94 000
2 898
AN BANK
7 500
MYBANK
5 000
DISCOUNT RECEIVED
DISCOUNT ALLOWED
VAN
288
36
10 000
ANA FURNITURE
10 000
RENTAL RECEIVED
800
BALQIS COLLECTION
3 500
HDE OUTLET
1 960
PURCHASES RETURN
SALES RETURN
200
840
FOREVER 21 OUTLET
650
VAN REPAIR EXPENSES
350
ELECTRICITY EXPENSES
120
RENTAL
500
COMMISION
DRAWING
WORKER SALARY
1000
400
1 500
131 388
131 388
#OOTD
STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 JULY 2014
RM
RM
Sales
RM
11 950
Less : Sales returns
840
Net Sales
11 110
Less : Cost of Goods Sold

Opening stock
Purchases
Less : Purchase return
10 000
21 850
200
Net Purchases
21 650
Cost of goods available for sale
31 650
Less : Closing stock
10 350
Cost of Goods Sold
21 300
Gross Loss
-10 190
Add : Revenues
Discount received
288
Rental received
800
Commision received
1 000
2 088
Less : Expenses
Discount allowed
36
Van repair expenses
350
Electricity expenses
120
Rental
500
Worker salary
1 500
2 506
Net Loss
-10 608
#OOTD
STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2014
RM
RM
RM
Non-Current Assets
Van
10 000
15 000
Furniture
10 000
35 000
Current Assets
Closing stock
10 350
Debtor
5 460
Cash at bank
62 434
Cash in hand
2 898
81 142
116 142
Owners Equity
Capital beginning
Less : Net loss
: Drawing
104 000
10 608
400
11 008
Capital ending
92 992
Non-Current Liabilities
Long term loan
12 500
Current Liabilities
Creditors
10 650
116 142

FAR 110 ACCOUNTING SIMULATION

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FAR 110 ACCOUNTING SIMULATION

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FAR 110

Background of the Business

Name of the business

Lot 3F-5, 3nd Floor , SACC Mall Jalan Perbadanan 14/9

Continuing the business

One (Dian Zara )

Fixtures and fittings

Made a loan from An Bank amounting RM 7500.

RM 74000 , Cash RM 5000.

AN Bank (M) Bhd

Date : 2 July 2014

LOAN : SHOP UPGRADES

MayBank (M) Bhd

Date : 4 July 2014

LOAN: SHOP UPGRADES

Jalan Pelangi 14300,

No: INV 024

No: INV 024

Taman Delima 14000

No: INV 025

Butik Queen Lady

96000 Bukit Mertajam

FIVE THOUSAND AND SIC HUNDRED

No: INV 025

Ref No: RR081

Lot 3F-5, 3nd Floor , SACC Mall

No: INV 026

THREE THOUSAND FIVE HUNDRED

Butik Queen Lady

Ref No: RR081

No: INV 026

TWO THOUSAND EIGHT HUNDRED

Ref No: RR082

Lot 3F-5, 3nd Floor , SACC Mall

Ref No: RR083

Lot 3F-5, 3nd Floor , SACC Mall

Jalan Pelangi 14300,

SIX HUNDRED AND FIFTY

Ref No: RR081

Jalan Pelangi 14300,

Ref No: RR081

Jalan Weasly 14000,

TENAGA NASIONAL BERHAD

Ref No: RR081

Jalan Weasly 14000,

Received commission amounting RM 1000 by cash on 27 July 2014

Fixtures and fittings

( assets, liabilities recorded on this date )

( made a loan from the banks )

( purchase second-hand van on credit )

( purchase furniture on credit )

( withdraw goods and cash for personal

( transferred to Purchases account )

Superb Sisters Enterprise

( transferred to Sales Account )

Cash Receipt Journal

cash payment journal

( transferred to return outward account )

FIXTURE AND FITTING A/C

A/P ANA FURNITURE

FIXTURE AND FITTING

DISCOUNT RECEIVED A/C