DECLARATION FORM OF GROUP ASSIGNMENT

INTRODUCTION TO FINANCIAL ACCOUNTING (ACC117)

Name of group leader and members: Student ID:

FARISH ISKANDAR(leader) xxxx
AWANG MOHAMAD MASEZWAN SYAFIEN BIN AG 2023493492
MASRI(member)
MUHD AWAL BIN PIUN member) xxxx
ZEFFRY ZUHAIREE BIN ZAIMULLAH (member) 2023237258

Due Date of Assignment: 23/12/2023 Submission Date: xxxx

PREPARED FOR:

MOHD SOBRE

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 ASSIGNMENT
INTRODUCTION TO FINANCIAL ACCOUNTING
(ACC117)

PREPARED BY:

NAME STUDENT ID GROUP

1 FARISH ISKANDAR (leader)
2 AWANG MOHAMAD MASEZWAN 2023493492
SYAFIEN BIN AG MASRI (member)
3 MOHD AWAL BIN PIUN(member)
4 ZEFFRY ZUHAIREE BIN 2023237258
ZAIMULLAH(member)

DIPLOMA OF BUSINESS TRANSPORT

PREPARED FOR:
MOHD SOBRE
 TABLE OF CONTENTS

NO. CONTENT PAGES

1. ACKNOWLEDGEMENT 1-3

2. INTRODUCTION OF ASSIGNMENT 4

3. BUSINESS BACKGROUND 5

4. BUSINESS TRANSACTIONS 6

5. JOURNAL 7-9

6. LEDGER 10-16

7. TRIAL BALANCE 17

5. CONCLUSION
 INTRODUCTION

Our business company name is “ADA YANG MAU BELI BURGER?”.Our business company is a
sole proprietorship business that sells variations of fried rice. The restaurant is located at 1
Borneo Mall,139, 606, 88400 Kota Kinabalu, Sabah and it opens daily from 10:00 a.m. to 10:00 p.m .
Our business has been running started on 1 January 2023 with a capital contribution of
RM100,000,000 from the owners.Finally,the financial year end for our company ends on 31
January as the business transactions start on 1 January 2023.
 BUSINESS BACKGROUND

Business Name ADA YANG MAU BELI BURGER?

Name of Owner Joseph Alfonso

Located Unit G-102,1 Borneo Mall,139, 606, 88400 Kota

Kinabalu, Sabah
Business Activities Selling variations of Burgers

Capital contribution RM60,000

Financial year-end 1 Jan 2023 – 31 Jan 2023

 TRANSACTION

Date Type of journal Transaction

1 CRJ,GJ The owner started the business with cash amount of RM60,000 and a
burger stove worth RM6,000.
2 GJ Purchased furnitures worth RM10,000 on credit from Ish Furniture.

3 CRJ Sold goods with cash to Jarjit RM5,000.

5 GJ Joseph took goods worth RM300 for personal use.
6 PJ Purchased goods on credit worth RM5,000 from Zeffry Trading.

7 ROJ The business returned defective goods worth RM1,000 to Zeffry

Trading.
9 SJ Sold goods on credit worth RM6,400 to Salleh.
10 RIJ Sales returned by Salleh ammounted to RM1,400.
11 PJ Purchased goods on credit worth RM4,500 from Rajesh Enterprise.

12 ROJ The business returned defective goods worth RM1,000 to Rajesh

Enterprise.
13 GJ Joseph took RM3,200 for personal use.
15 CPJ Purchased goods on cash worth RM6,000 from Zeffry Trading.
16 SJ Sold goods on credit worth RM7,000 on credit to Dan

18 CPJ Purchased furniture by cash worth RM4,000 from Ish Furniture

19 PJ Purchased goods on credit worth RM3,000 from Rajesh Enterprise

20 SJ Sold goods on credit worth RM4,900 to Awal

22 CRJ Received commision of RM6,000 by cash
25 RIJ Sales returned by Awal ammounted to RM1,000.
26 CRJ Received commision of RM4,000 by cash
27 CPJ Paid rental payment ammounting to RM5000 by cheque
28 CRJ Obtained loan from RHB Bank ammounting to RM20,000 by cash

29 CPJ Paid utility bills and wages of RM4000 and RM4500 by cash
 JOURNALS

General Journal
Date Details Folio Debit Credit
2023 RM RM
January 1 Burger stove 6,000
Capital 6,000
(bought in as a capital)

2 Furniture 10,000
Ish Furniture(creditor) 10,000
(purchase furniture on credit)

5 Drawings 300
Purchases 300
(withdraw goods for personal use)

13 Drawings 3,200
Purchases 3,200
(withdraw cash for personal use)

Purchase Journal
Date Particulars Invoice Folio Amount(RM)
No.
2023
January 6 Zeffry Trading(creditor) 5,000
11 Rajesh Enterprise(creditor) 4,500
16 Rajesh Enterprise(creditor) 3,000
31 Transfer to purchases Ledger 12,500

Sales Journal
Date Particulars Invoice Folio Amount(RM)
No.
2023
January 9 Salleh(debtor) 6,400
16 Dan(debtor) 7,000
20 Awal(debtor) 4,900
31 Transfer to sales ledger 18,300
 Return Outwards Journal
Date Particulars Credit Folio Amount(RM)
note/Debit
note no.3
2023
January 7 Zeffry Trading 1,000
12 Rajesh Enterprise 1,000
31 Transfer to return outwards ledger 2,000
Return Inwards Journal

Date Particulars CN/DN Folio Amount(RM)

no.
2023
January 10 Salleh(debtor) 1,400
25 Awal(debtor) 1,000

31 Transfer to return inwards ledger 2,400

Cash Receipt Journal

Date Chequ Details Foli Cash Bank Loan Commisio Sales Capital
e No. o n received
2023 RM RM RM RM RM RM
January
1 Capital 60,000 60,000
3 Sales 5,000 5,000
22 Commision 6,000 6,000
26 received 4,000 4,000
28 Commision 20,000 20,000
received
Loan
31 15,00 80,000 20,000 10,000 5,000 60,000
0
Cash Payment Journal
Date Cheque Details Folio Cash Rental Utility Purchas
No. and e
wages
2023 RM RM RM RM
January
15 Purchases 6,000 6,000
18 Furniture 4,000 4,000
27 Rental 5,000 5,000
29 Utility and 9,500 9,500
wages
31 24,500 5,000 9,500 10,000
 LEDGERS

Burger stove
Dat Particular Debi Date Particular Cred
e t 2023 it
202 RM RM
3

Jan Transfer from general 6,0 Jan Balance c/d 6,0

1 journal 00 31 00
6,0 6,0
00 00
Balance b/d
F 6,0
e 00
b
1

Capital
Date Particular Debit Date Particular Credit
2023 RM 202
Jan Balance c/d 66,00 3 Transfer from general journal RM
31 0 Jan 6,000
1

Transfer from cash receipt 60,00

31 journal 0

66,00 66,00
0 Feb Balance c/d 0
1 66,00
0

Furniture
Date Particular Debit Date Particular Credit
202 RM 2023
3 RM
Jan Transfer from general 10,00 Jan Balance c/d 10,00
2 0 31 0
 journal

Feb Balance b/d 10,00 10,00

1 0 0
10,00
0

Ish Furniture(creditor)
Date Particular Debit Date Particular Credit
RM 2023 RM
Jan Balance c/d 10,000 Jan 2 Transfer from general
31 journal 10,000

10,000
Feb Balance b/d 10,000
1 10,000

Drawings
Date Particular Debi Date Particular Credit
2023 t 202 RM
3
RM
Jan 5 Transfer from general 300 Jan Balance c/d 3,500
journal 31
Jan 13 Transfer from general 3,2
journal 00

3,5 3,500
Feb Balance b/d 00
1 3,5
00

Purchases
Date Particular Debit Date Particular Credit
202 2023
3 RM RM
Jan Transfer from 12,50 Jan 5 Transfer from general journal 300
31 purchases journal 0 1 Transfer from general journal
 Transfer from cash 3 3,200
payment journal 10,00
31 0
Jan Balance c/d 19,00
31 0
22,50 22,50
Feb Balance b/d 0 0
1 19,00
0

Zeffry Trading(creditor)
Date Particular Debi Date Particular Credit
202 t 2023 RM
3 RM
Jan Transfer from return 1,0 Jan 6 Transfer from purchases 5,000
7 outwards journal 00 journal
Balance c/d 4,0
00
5,0 5,000
00 Feb 1 Balance b/d
4,000

Rajesh Enterprise(creditor)
Date Particular Debi Date Particular Credit
202 t 202 RM
3 RM 3
Jan Transfer from return 1,0 Jan Transfer from purchases 4,500
12 outwards journal 00 11 journal
Transfer from purchases 3,000
journal
16
Jan Balance c/d 6,5
31 00
7,5 7,500
00
 Feb 1 Balance b/d 6,500

Sales
Date Particular Debit Date Particular Credit
RM 202
3 RM
Jan Balance c/d 23,3 Jan Transfer from sales journal 18,30
31 00 31 Transfer from cash receipt 0
journal 5,000
31

23,3 23,30
00 Feb 1 Balance b/d 0
23,300

Salleh(debtor)
Date Particular Debi Date Particular Credit
202 t 202 RM
3 RM 3
Jan Transfer from sales 6,40 Jan Transfer from return inwards 1,400
9 journal 0 10 journal
Jan Balance c/d 5,000
31
6,40 6,400
Feb Balance b/d 0
1 5,00
0

Dan(debtor)
Date Particular Debi Date Particular Credit
202 t
3 RM RM
Jan Transfer from sales 7,00 Jan Balance c/d 7,000
16 journal 0 31

7,00 7,000
Fe Balance b/d 0
b 7,00
1 0

Awal(debtor)
Date Particular Debi Date Particular Credit
202 t 202
3 RM 3 RM
Jan Transfer from sales 4,9 Jan Transfer from return inwards 1,000
20 journal 00 25 journal
Jan Balance c/d 3,900
31
4,9 4,900
Fe Balance b/d 00
b 3,9
1 00

Return outwards
Date Particular Debi Date Particular Credit
202 t 2023
3 RM RM
Jan Balance c/d 2,00 Jan 31 Transfer from return outwards 2,000
31 0

2,00 2,000
0 Feb 1 Balance b/d
2,000
 Return inwards
Date Particular Debi Date Particular Credit
202 t 202 RM
3 RM 3
Jan Transfer from return 2,40 Jan Balance c/d 2,400
31 inwards journal 0 31

2,40 2,400
Feb Balance b/d 0
1 2,40
0

Cash
Date Particular Debit Date Particular Credit
202 RM 2023 RM
3
Jan Transfer from cash 15,00 Jan Transfer from cash payment 24,500
31 receipt journal 0 31 journal
Jan Balance c/d 9,500
31
24,50 24,500
0 Feb 1 Balance b/d
9,500

Bank
Date Particular Debit Date Particular Credit
202 RM RM
3
Jan Transfer from cash 80,00 Jan Balance c/d 80,000
31 receipt journal 0 31

80,0 80,00
 00 0
Feb Balance b/d 80,0
1 00

Commision Received
Date Particular Debit Date Particular Credit
202 RM 202 RM
3 3
Jan Balance c/d 10,00 Jan Transfer from cash receipt 10,000
31 0 31 journal

10,00 10,000
0 Feb 1 Balance b/d
10,000

Rental Expenses
Date Particular Debit Date Particular Credit
2023 RM RM
Jan 31 Transfer from cash 5,00 Jan Balance c/d 5,000
payment journal 0 31

5,00 5,000
Feb 1 Balance b/d 0
5,00
0

Utility and wages

Date Particular Debi Date Particular Credit
202 t
3 RM RM
Jan Transfer from cash 9,5 Jan Balance c/d 9,500
31 payment journal 00 31
 9,5 9,500
Feb Balance b/d 00
1 9,5
00

Loan from RHB Bank

Date Particular Debit Dat Particular Credit
202 RM e
3 202 RM
3
Jan Balance c/d 20,00 Jan Transfer from cash payment 20,00
31 0 31 journal 0

20,00 20,00
0 0
Feb 1 Balance b/d 20,000

TRIAL BALANCE
 Ada yang mau beli burger?
Trial balance as of 31 January 2023
Particular Debit(RM) Credit(RM)
Cash 9,500
Capital 66,000
Bank 80,000
Purchases 19,000
Burger stove 6,000
Furniture 10,000
Ish Furniture(creditor) 10,000
Zeffry Trading(creditor) 4,000
Rajesh Enterprise(creditor) 6,500
Sales 23,30
Salleh(debtor) 5,000
Dan(debtor) 7,000
Awal(debtor) 3,900
Return inwards 2,400
Return outwards 2,000
Drawings 3,500
Utility and wages 9,500
Rental Expenses 5,000
Commision received 10,000
Loan from RHB Bank 20,000
TOTAL 151,300 151,300

CONCLUSION

In conclusion, accounting is a must to run a business properly in its everyday

operations. There are six steps in accounting cycles to set up a sole proprietorship
business report. The steps of the accounting cycles are business background,
transaction, journals, ledgers, and trial balance. Four of the team members have
recorded each of the accounting cycles in this report. However, every one of us has our
parts and limitations in preparing this report. By completing this report of our own
company, we gained a lot of experience and expertise in accounting recording.