ACC106.docx - ACC120 INTRODUCTION AND FINANCIAL ACCOUNTING AND REPORTING NAME PUTRI NUR FATIHAH BINTI MOHD JAUHARI(2018658768 NUR ATHIRAH HAZWANI BINTI

ACC106.docx - ACC120 INTRODUCTION AND FINANCIAL ACCOUNTING...

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ACC120 INTRODUCTION AND FINANCIAL ACCOUNTING AND REPORTING NAME: PUTRI NUR FATIHAH BINTI MOHD JAUHARI (2018658768) NUR ATHIRAH HAZWANI BINTI MAZLIZAN (2018691962) MUHAMMAD SYAKIR BIN ABDUL RAZAK (2018408712) GROUP: RCS1432B LECTURER’S NAME: __________ 1
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CONTENT NO. PARTICULAR PAGE 1. Profile of the business 2. Transactions for the month 3. Journal 4. Ledger 5. Trial Balance 2
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ACKNOWLEDGEMENT In performing our assignment, we had to take the help and guideline of some respected persons, who deserved our greatest attitude. The completion of this assignment gives us much pleasure. We would like to show our gratitude ________ for giving us a good guideline for assignment throughout numerous consultations. Many people, especially our classmates and team members itself, have made valuable comment suggestions on this proposal which gave us an inspiration to improve our assignment. This assignmet cannot be completed without the effort and co-operation from our group members We thank all the people for their help directly and indirectly to complete our assignment. 3
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MIMOSA GADGET ENTERPRISE Location business: 173 Jarak Atas, 13310 Tasek Gelugor, Pulau Pinang. Operation hours : 10.00 a.m – 10.00 p.m , off on Friday No. Tel : 019-4357696 Activity of business : Achieved the goals of profit in the gadgets business. Provide the best service to the society. Capital : RM 50,000 Financial Year Ended : March 2018 Transaction for month March 2018 4 COMPANY BACKGROU ND
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TRANSACTION FOR ONE MONTH DATE TRANSACTION March 01 Started the business with cash RM 15 000, bank RM 25 000, premises RM 10 000 03 Bought the furniture into the business by cash from IKEA worth RM 5 000 05 The business purchased charger and speaker amounting RM 5 000 from Toshoba Industries on credit 07 Sold screen protector and USB Cabel worth RM 3 000 by cash 08 Paid general expenses RM 300 by cash 11 Sold phone casing to Naqib Trading amounting RM 3000 on credit 12 The business return charger and speaker to Toshoba Industries worth RM 1 000 14 Phone casing were returned by Naqib Trading amounting RM 1 500 15 The business paid the amount due in full by cheques to Toshoba Industries after deducting cash discount RM 400 16 Purchased headphones for RM 6 000 on credit from Gadget Tech 18
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