ACC ASSGMNT BA2361A.docx - FACULTY OF BUSINESS AND MANAGEMENT INTERMEDIATE FINANCIAL ACCOUNTNG REPORTING(ACC 406 PROJECT TITLE ACCOUNTING SIMULATION

ACC ASSGMNT BA2361A.docx - FACULTY OF BUSINESS AND...

This preview shows page 1 - 3 out of 13 pages.

FACULTY OF BUSINESS AND MANAGEMENT INTERMEDIATE FINANCIAL ACCOUNTNG & REPORTING (ACC 406) PROJECT TITLE: ACCOUNTING SIMULATION PREPARED FOR: PUAN NUR ASHIKIN BINTI ISHAK PREPARED BY: NUR MUMTAZAH BINTI ABD RAHIM ( 2019310589) MIZA SAHIRA BINTI MOHAMAD JAMIL (2019560089) SYAHIRAH BINTI SALSAGAP (20199707959) NURUL BALQIS BINTI MOHD ZULKIFLI (201938771) MUHAMMAD RAZIQ BIN MOHD YUSOFF (2019924021)
Image of page 1

Subscribe to view the full document.

On 1 st January 20178, TRIO Clothing, a textile business had the following accounts balances. RM Cash in hand 85,250 Cash at Bank 6,500 Fixtures & Fittings 35,700 Vehicles 4,300 During January 2018, the following transactions took place: Date Particulars 2018 1 Jan Bought goods in cash from Aina RM 1,500. 2 Jan Bank-in cash in hand RM 30,500. 3 Jan Bought goods on credit from Aiman Enterprise RM 155. 4 Jan Made credit sales RM 350 to Intan, RM 140 to Afiqah. 6 Jan Afiqah returned goods bought RM 30. 10 Jan Cash sales RM 3,250. Cash purchases from Shah Sdn. Bhd. RM 360. 11 Jan Paid sales transportation expense by cheque RM 350. 13 Jan Intan and Afiqah settled their accounts by cheque after cash discount of 10% respectively. 15 Jan Made cash sales RM 5,500. Cost of transportation was paid by cheque RM 375. 16 Jan Paid advertising expense RM 300 cash. 17 Jan Returned damaged goods to Aiman RM 40. 20 Jan Credit sales to Izzue Enterprise RM 610. Purchases on credit from Izzat Sdn. Bhd. RM 350. 22 Jan Bought vehicles by cheque RM 15,000. 23 Jan Bought goods from Putri Sdn. Bhd. on credit RM 600. 25 Jan Returned goods purchased from Izzat Sdn. Bhd. RM 50. 27 Jan Bought furniture RM 3,700 on credit from Timber Interiors. 28 Jan TRIO Clothing took out goods RM 600 to be given to his sister.
Image of page 2
Image of page 3
  • Spring '17
  • accounting stardard

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes