Capital a/c

Date Particular Debit Credit Balance Date

2018 2018
Jan-01 Cash 20,000 20,000 Jan-03
Bank 50,000 70,000 20

Bank a/c
Date Particular Debit Credit Balance Date
2018 2018
Jan-01 Capital 50,000 50,000 Jan-02
4 Maybank loan 10,000 60,000 3
13 Junebank loan 12,000 72,000 5
21 Salary 6,000 66,000 7
28 Machinery-air pump 8,000 58,000 8
24

Cash a/c
Date Particular Debit Credit Balance Date
2018 2018
Jan-01 Capital 20,000 20,000 9
7 Purchase 1,500 18,500 10
8 Purchase 500 18000 11
14 Sales 660 18,660 12
15 Sales 150 18,810 14
16 Trade receivable- Ridzuani 475 19,285 15
17 Trade receivable- Mr Naqiu 741 20026
18 Trade payable- Faris Enterprise 1520 18,506
20 Trade payable- Zamir Enterprise 950 17556
21 Electricity bills 500 17,056 Date
22 Rental expenses 700 16,356 2018
23 Maintainance- Machinery 500 15,856 Jan-25
24 Dividence income 5000 20,856
Rental income 800 21,656
Drawings 21,356

Date
Discount received a/c 2018
Date Particular Debit Credit Balance Jan-27
2018
Jan-18 Trade payable- Faris Enterprise 80 80
20 Trade payable- Zamir Enterprise 50 130
 Trade payable- Faris Enterprise a/c
Date Particular Debit Credit Balance Date
2018 2018
Jan-02 Purchase 1,600 1,600 Jan-04
18 Cash 1,520 80
Discount received 80 0

Date
Salary a/c 2018
Date Particular Debit Credit Balance Jan-13
2018
Jan-21 Bank 6000 6000

Date
Electricity Bills a/c 2018
Date Particular Debit Credit Balance Jan-24
2018
Jan-22 Cash 500 500

Rental expenses a/c Date

Date Particular Debit Credit Balance 2018
2018 Jan-05
Jan-22 Cash 700 700

Maintainance- Machinery a/c

Date Particular Debit Credit Balance Date
2018 2018
Jan-23 Cash 500 500 Jan-09
16

Dividence Income a/c

Date Particular Debit Credit Balance
2018
Jan-24 Cash 5000 5000 Date
2018
Jan-10
17
 Trade receivable- Azman a/c
Date Particular Debit Credit Balance
2018
Jan-11 Sales 680 680
25 Return inward 340 340

Trade receivable- Laila a/c

Date Particular Debit Credit Balance
2018
Jan-12 Sales 300 300

Motor vehicle- Lorry a/c

Date Particular Debit Credit Balance
2018
Jan-19 Trade payable- Azrin Shop 45,000 45,000

Machinery- Air pump a/c

Date Particular Debit Credit Balance
2018
Jan-28 Bank 8,000 8,000

Trade payable- Azrin Shop a/c

Date Particular Debit Credit Balance
2018
Jan-19 Motor Vehicle- lorry 45,000 45,000

Discount allowed a/c

Date Particular Debit Credit Balance
2018
Jan-16 Trade receivable- Ridzuani 25 25
17 Trade receivable- Mr Naqiu 39 64
 General Journal

Date Particular Debit Credit

2018
Jan-01 Cash 20000
Bank 50000
Capital 70000
(Being capital for the business)
9 Vehicle 45000
Trade payable-Azrin Shop 45000
(buy lorry for business)

24 Drawings 100
Purchase 100
(take lubricant oil for personal use)

24 Drawings 300
Cash 300
(take cash for personal use )
 Trade payable- Zamir a/c
Particular Debit Credit Balance Date
1000 1000 2018
Purchase 950 50 Jan-01
Cash 50 0 4
Discount received 14
15
16
17
Purchase a/c 13
Particular Debit Credit Balance 24
24
Trade payable- Faris Enterprise 1,600 1,600
Trade payable- Zamir Enterprise 1,000 2,600
Trade Payable- Ridzuan Enterprise 1,500 4,100
Cash 1500 5,600
Cash 500 6,100
Drawings 100 6,000 Date
2018
Sales a/c 7
Particular Debit Credit Balance 8
18
Trade receivable- Ridzuani 500 500 20
Trade receivable- Mr Naqiu 780 1280 21
Trade reveivale- Azman 680 1960 22
Trade receivable- Laila 300 2260 24
Cash 660 2920 28
Cash 150 3070 21

Sales return a/c

Particular Debit Credit Balance

Trade receivable- Azman 340 340

Purchase return a/c

Particular Debit Credit Balance

Trade payable- Ridzuan 600 600

 Loan payable- Maybank a/c
Particular Debit Credit Balance Fabulous Workshop
Statement Of Profit or Loss
Bank 10,000 10,000

Sales
(-)
Loan payable- Junebank a/c
Particular Debit Credit Balance
Net Sales
Bank 12,000 12,000 (-)

(-)

Drawings a/c Net purchase

Particular Debit Credit Balance (-)

Cash 300 300

Purchase 100 400
(+)
Dividen income
Trade payable- Ridzuan Enterprise a/c Rental income
Particular Debit Credit Balance

Purchase 1500 1500

Purchase return 600 900 (-)

Trade receivable- Ridzuani a/c

Particular Debit Credit Balance

Sales 500
Cash 475 25
Discount allowed 25 0

Trade receivable- Mr Naqiu a/c

Particular Debit Credit Balance

Sales 780 780

Cash 741 39
Discount allowed 39 0
Trial Balance as at 31 January 2018
Fabulous Workshop
Statement of Financial Posi
Dr CR
Capital 70000 Non-current assets
Bank 58000 Vehicle
Cash 21356 Air pump
Purchase 6000
Sales 3070
Sales return 340 Current assets
Purchase Return 600 Closing inventory
Vehicle 45000 Cash
Air pum 8000 Bank
Trade payable-Azrin Shop 45000 Trade receivable-Azman
Discount allowed 64 Trade receivable-Laila
Discount received 130
Trade payable-Ridzuan 900
Trade receivable-Azman 340
Trade receivable-Laila 300
Drawing 400 Owner's Equity
Salary 6000 Capital
Electricity bills 500 (+) Net profit
Rental 700 (-) Drawings
Dividence 5000
Rental income 800
Bank loan- Maybank 10000
Bank loan- June bank 12000 Non-current liabilities
Machinery maintainance 500 Loan from Maybank
147500 147500 Loan from Junebank

Current liabilities
Trade payable-Ridzuani
Trade payable-Azrin Shop
 Cash receipt journal
Particular Ref Discount allowed Cash Bank

Capital 20000 50000

Bank loan- Maybank 10000
Sales 660
Sales 150
Trade receivable-Ridzuani 25 475
Trade receivable-Mr Naqiu 39 741
Bank loan- Junebank 12000
Dividen income 5000
Rental income 800
64 27826 72000

Cash payment journal

Particular Ref Discount receivedCash Bank

Purchase 1500
Purchase 500
Trade payable-Faris Enterprise 80 1520
Trade payable-Zamir 50 950
Electricity Bills 500
Rental evpenses 700
Drawings 300
Machinery-Air pump 8000
Salary 6000
130 5970 14000
Fabulous Workshop
Statement Of Profit or Loss for the year ended 31 January 2018

RM RM
Return Inward 3070
Discount allowed -340
-64
2666
Cost of goods sold
Purchase 6000
Return inward -600
Discount received -130
Net purchase 5270
Closing inventory -4200
Cost of goods sold -1070
Gross profit 1596

Revenue
Dividen income 5000
Rental income 800
5800
7396

Expenses
Salary 6000
Electricity bills 500
Rental 700
Machinary maintainance 500
-7700
Net profit (-304)
Fabulous Workshop
Statement of Financial Position as at 31 January 2018
RM RM
Non-current assets
45000
8000
53000

Current assets
Closing inventory 4200
21356
58000
Trade receivable-Azman 340
Trade receivable-Laila 300
84196
137196

Owner's Equity
70000
(+) Net profit -304
(-) Drawings -400
69296

Non-current liabilities
Loan from Maybank 10000
Loan from Junebank 12000
22000

Current liabilities
Trade payable-Ridzuani 900
Trade payable-Azrin Shop 45000
45900
137196