iCEPS_ACC406_ODL_NBO1A&NBO1B_SITISYAQILAH

Accounting process-Simulation
1) From Source document to Journals
The following are transactions for April 2020 for Mr Vernon, a sole trader

Date April Transaction

2020
1 Started business with RM20,000 cash
2 Bought goods worth RM1,000 on credit from DK – invoice DK001
3 Paid rent amounting to RM200 in cash – receipt AJ256
4 Deposited RM11,000 of the business cash into the bank account
6 Sold good worth RM600 on credit to Joshua – invoice MVR001
7 Bought stationery worth RM by online purchase
9 Mr Vernon took RM40 goods and gave it to his son for school
11 Made cash sale of RM100 – receipt MVR002
14 Returned goods worth RM150 to DK – note 001
15 Sold goods worth RM1,200 on credit to Woozi – MRV003
18 Goods worth RM45 returned by Joshua – note 002
23 Paid RM850 to DK by cheque
25 Purchased goods worth RM250 by cash – invoice AJ256
28 Purchase office equipment worth RM5,000 on credit from Miss Carats- CRT854
29 Received a cheque for RM500 from Woozi
31 Received RM100 commission in cash
31 Paid cash salary to worker amounting RM900

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Sales Journal ( To record credit sales only )

Year/month/date: Particular Invoice No Folio RM
         
         
         
         
         
         
  Transferred to Sales Account      

Purchases Journal ( To record credit purchases only )

Year/month/date: Particular Invoice No Folio RM
         
         
         
         
         
         
  Transferred to Purchases Account      

Return inwards Journal ( To record item return BY customer from GOODS sold ONLY )
Year/month/date: Particular Invoice No Folio RM
         
         
         
         
         
  Transferred to Return Inwards Account      

Return outwards Journal ( To record item return TO supplier for GOODS purchased ONLY )
Year/month/date: Particular Invoice No Folio RM
         
         
         
         
         
         
  Transferred to Return outwards Account      

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 iCEPS_ACC406_ODL_NBO1A&NBO1B_SITISYAQILAH

General Journal ( Other transactions)

Year/month/date: Particular Folio Debit(RM) Credit (RM)
         
         
         
         
         
         
         
         
         

Cash Receipt Journal ( Cash and bank INLFOW @ received )

Account
Year/ Discount Other
Receipt Particul Bank receivabl Sales
month/ Folio Allowed Account
No ar es
date:
RM RM RM RM RM
                 
                 
                 
                 
                 
                 
                 

Cash Payment Journal ( Cash and bank OUTFLOW @ payment made )

Year/ Discount Account Purchase Other
Receipt Particul Bank
month/ Folio received Payables s Account
No ar
date: RM RM RM RM RM
                 
                 
                 
                 
                 
                 
                 

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 iCEPS_ACC406_ODL_NBO1A&NBO1B_SITISYAQILAH

2) From Journal to individual ledger ( Transfer from journal to ledger and balance off the account )
 
Date Particular RM Date Particular RM
 
 
 
 
 
   
 
 
Date Particular RM Date Particular RM
 
 
 
 
 
   
 
 
Date Particular RM Date Particular RM
 
 
 
 
 
   
 
 
Date Particular RM Date Particular RM
 
 
 
 
 
   
 

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 iCEPS_ACC406_ODL_NBO1A&NBO1B_SITISYAQILAH

 
Date Particular RM Date Particular RM
 
 
 
 
 
   
 
 
Date Particular RM Date Particular RM
 
 
 
 
 
   
 
 
Date Particular RM Date Particular RM
 
 
 
 
 
   
 
 
Date Particular RM Date Particular RM
 
 
 
 
 
   
 

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 iCEPS_ACC406_ODL_NBO1A&NBO1B_SITISYAQILAH

 
Date Particular RM Date Particular RM
 
 
 
 
 
   
 
 
Date Particular RM Date Particular RM
 
 
 
 
 
   
 

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 iCEPS_ACC406_ODL_NBO1A&NBO1B_SITISYAQILAH

3) From Ledger to Trial Balance ( Trial Balance FORMAT )

Name of the company
Trial Balance as at _______________________

Particular Debit(RM) Credit (RM)

TOTAL

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 iCEPS_ACC406_ODL_NBO1A&NBO1B_SITISYAQILAH

Exercise on Trial Balance

The following is the list of balances obtained from Perniagaan Tani as at 31 December 20X2

Particular RM
Sales 400,000
Purchases 200,000
Inventory 40,000
Return inwards 15,500
Carriage inwards 4,000
Rent expenses 2,500
Duty on purchases 1,000
Wages and salaries 3,000
Telephone and electricity 600
Insurance for motor vehicles 900
Carriage outwards 2,000
Motor expenses 700
Stationery 300
Discount allowed 700
Bad debts 500
Interest on loan 300
Return outwards 18,000
Discount received 600
Commission received 400
Land and building 91,400
Motor vehicles 25,000
Accumulated depreciation-motor vehicles 5,400
Account receivables 50,000
Cash in hand 1,930
Cash at bank 85,000
Drawings 2,000
Capital 60,000
Office furniture 15,000
Accumulated depreciation-office furniture 7,000
Account payables 44,930
10 year loan from bank 16,000
Investment in ASBB 10,000

You are required to prepare the trial balance for Perniagaan Tani as at 31 December 20X2.

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