Business Accounting Assignment Answers

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Content

General Journal
Date
March

Particular

Debit

1 Van
Fixtures
Inventories
Kate
Humphrey
Bank
Cash
Garth
Lily
Capital
(Opening balance in the beginning of the month)
2 Computer and Printer
Officeworld
(Both assets were bought on account)
TOTAL

RM
RM
RM
RM
RM
RM
RM

24,500.00
6,000.00
28,890.00
400.00
1,800.00
12,540.00
450.00

RM

7,000.00

RM

81,580.00

General Journal
Date
April

Particular

Debit

3 Fixtures
Angelo
(Fixtures were bought on credit)
TOTAL

RM

6,400.00

RM

6,400.00

General Journal
Date
May

Particular
19 Van

Debit
RM

3,000.00

RM

3,000.00

Jasper Ltd
(Van was bought on credit)
TOTAL

Credit

RM
RM
RM

600.00
2,000.00
71,980.00

RM

7,000.00

RM

81,580.00

Credit

RM

6,400.00

RM

6,400.00

Credit

RM

3,000.00

RM

3,000.00

Cash Book
Date

Particular
Mar-14
1 Balance b/d
30 Humphrey

Discount

Cash

Bank

RM
RM

2,450.00 RM
1,000.00

Date
12,540.00

Particular
5 Sationery
8 Rent
9 Advertising expenses
25 Bills
26 Wages
Officeworld
31 Balance c/d

RM
Apr-14
1 Balance b/d
6 Elsa

3,450.00 RM

12,540.00
Apr-14

RM

Balance c/d
RM

1,450.00 RM
RM

3,440.00
300.00

RM
1,450.00 RM

2,760.00
6,500.00

May-14
Balance b/d
20 Kate
Tony
Paddy
Humphrey

31

RM
RM
RM
RM
RM

20.00
20.00
40.00
60.00

1,050.00
RM
RM
RM
RM

380.00
380.00
760.00
1,140.00

5 Lily
8 Rent
16 Insurance Premium
29 Wages
Balance c/d

May-14
1 Balance b/d
3 Rent
14 Motor Expenses
17 Drawings
24 Garth
Lily
27 Salaries
30 Rates

Jasper Ltd

RM

140.00 RM

RM
1,050.00 RM

15,342.50
18,002.50

Discount

Cash
RM
RM
RM

RM
RM

RM
RM
RM
RM

RM
RM
RM
RM

40.00
227.50

Bank
1,000.00
RM

1,500.00

RM
RM

3,600.00
4,000.00

1,450.00 RM
3,450.00 RM

3,440.00
12,540.00

500.00
500.00

250.00
RM

1,500.00

RM
1,050.00
1,450.00 RM

5,000.00

RM
RM

2,760.00
1,500.00

RM
RM
RM
RM

760.00
4,322.50
5,000.00
660.00

150.00

6,500.00

130.00
200.00

RM

267.50

RM

3,000.00

RM

18,002.50

RETURN INWARDS DAY BOOK
May
18 Tony
Paddy

RM
RM

160.00
180.00

RETURN OUTWARDS DAY BOOK
May
21 Frank

RM

90.00

Date
May

RETURN INWARDS DAY BOOK
Particular
18 Tony
Paddy
TOTAL

Date
May

RETURN OUTWARDS DAY BOOK
Particular
21 Frank
TOTAL

Amount
RM
RM
RM

160.00
180.00
340.00

Amount
RM
RM

90.00
90.00

Date
March

PURCHASES DAY BOOK
Particular

Amount

5 Lily
Total

RM
RM

2,800.00
2,800.00

3 Barnfield
Total

RM
RM

2,100.00
2,100.00

4 Garth
Lampard
Shinji
Frank
22 John
Leslie
Total

RM
RM
RM
RM
RM
RM
RM

200.00
560.00
380.00
690.00
890.00
720.00
3,440.00

April

May

Date
April

PURCHASES DAY BOOK
Particular
3 Barnfield
Total

Date
May

PURCHASES DAY BOOK
Particular
4 Garth
Lampard
Shinji
Frank
22 John
Leslie
Total

Amount
RM
RM

2,100.00
2,100.00

Amount
RM
RM
RM
RM
RM
RM
RM

200.00
560.00
380.00
690.00
890.00
720.00
3,440.00

SALES DAY BOOK
Date
March

Particular

Amount

11 Elsa
TOTAL

RM
RM

5,000.00
5,000.00

4 Carla
TOTAL

RM
RM

750.00
750.00

7 Tony
Winston
Paddy
Cando
Debbie
Humphrey
18 Winston
Kagawa
TOTAL

RM
RM
RM
RM
RM
RM
RM
RM
RM

560.00
780.00
980.00
480.00
1,180.00
400.00
220.00
670.00
5,270.00

April

May

SALES DAY BOOK
Date
March

Particular

Amount

11 Elsa
TOTAL

RM
RM

5,000.00
5,000.00

SALES DAY BOOK
Date
April

Particular

Amount

4 Carla
TOTAL

RM
RM

750.00
750.00

SALES DAY BOOK
Date
May

Particular
7 Tony
Winston
Paddy
Cando
Debbie
Humphrey
18 Winston
Kagawa

Amount
RM
RM
RM
RM
RM
RM
RM
RM

560.00
780.00
980.00
480.00
1,180.00
400.00
220.00
670.00

TOTAL

RM

5,270.00

Humphrey
March
1 Balance b/d

RM

1,800.00

RM

1,800.00

1 Balance b/d

RM

800.00

1 Balance b/d
Sales

RM
RM
RM

800.00
400.00
1,200.00

30 Cash
31 Balance c/d

April
30 Balance c/d

May

RM

Kate
may
400.00

RM

400.00

March
1 Balance b/d

20 Bank
Discount Allowed

20 Bank
Discount Allowed

Tony
May
7 Sales

RM

560.00

RM

560.00

18 Return Inwards
Bank
Discount Allowed

Paddy
May
7 Sales

RM

980.00

RM

980.00

Inventories

18 Return Inwards
Bank
Discount Allowed

Mar-14
1 Balance b/d
Apr-14
1 Balance b/d

RM

RM

28,890.00

Mar-14
31 Balance c/d

28,890.00

Apr-14
30 Balance c/d
May-14
31 Balance c/d

May-14
1 Balance b/d

RM

28,890.00

Jun-14
1 Balance b/d

RM

28,890.00

Kate
Mar-14
1 Balance b/d
Apr-14
1 Balance b/d
May-14
1 Balance b/d

RM

RM

400.00

Mar-14
31 Balance c/d

400.00

Apr-14
30 Balance c/d

RM

400.00

RM

400.00

May-14
20 Bank
Discounts Allowed

RM
RM
RM

1,000.00
800.00
1,800.00

RM

800.00

RM
RM
RM

1,140.00
60.00
1,200.00

RM
RM
RM

380.00
20.00
400.00

RM
RM
RM
RM

160.00
380.00
20.00
560.00

RM
RM
RM
RM

180.00
760.00
40.00
980.00

RM

28,890.00

RM

28,890.00

RM

28,890.00

RM

400.00

RM

400.00

RM
RM
RM

380.00
20.00
400.00

1 Balance b/d

RM

1 Balance b/d

RM

Balance b/d
Jasper Ltd

RM
RM
RM

Van
March
24,500.00
April
24,500.00
May
24,500.00
3,000.00
27,500.00

Balance b/d

RM

27,500.00

March
April
May

March
1 Balance b/d

RM

1 Balance b/d
3 Angelo

RM
RM
RM

Balance b/d

RM

April

May

Fixtures
March
6,000.00
April
6,000.00
6,400.00
12,400.00
May
12,400.00

31 Balance c/d
30 Balance c/d
31 Balance c/d

31 Balance c/d
30 Balance c/d

31 Balance c/d

June
1 Balance b/d

12400
Officeworld
March
4000
3000
7000

March
26 Bank
32 Balance c/d

2 Computer & Printer

April
1 Balance b/d

2 Officeworld

RM

Computer & Printer
March
7,000.00
31 Balance c/d

1 Balance b/d

RM

7,000.00

March
April

5 Cash

RM

1 Balance b/d

RM

1 Balance b/d

RM

Stationery
March
1,000.00
April
1,000.00
May
1,000.00

1 Balance b/d

RM

1,000.00

March
April
May

31 Balance c/d
30 Balance c/d
31 Balance c/d

June

March
31 Balance c/d

Account Payables
March
2800
5 Purchases
April
1 Balance b/d

Advertising Expenses
March
9 Cash

500

1 Balance b/d

500

Balance c/d

April

Bills
March
25 Cash

500

Angelo
April
3 Fixtures

Carla
April
3 Sales

750

Insurance Premium
April
16 Cash

150

March
1 Balance b/d

RM

Kate
March
400.00

April

31 Balance c/d

April
1 Balance b/d

RM

400.00

May

30 Balance c/d
May

1 Balance b/d

RM

400.00

RM

400.00

20 Bank
Discount Allowed

Humphery
Mar-14
1 Balance b/d

Apr-14
1 Balance b/d

RM

1,800.00

RM

1,800.00

RM

800.00

Mar-14
30 Bank
31 Balance c/d

Apr-14
30 Balance c/d

May-14
1 Balance b/d
7 Sales

RM
RM
RM

May-14
20 Bank
Discounts Allowed

800.00
400.00
1,200.00

Computer and Printer
March

March
2 Officeworld

RM

7,000.00

April

31 Balance c/d
April

1 Balance b/d

RM

7,000.00

May

30 Balance c/d
May

1 Balance b/d

RM

7,000.00

31 Balance c/d

1 Balance b/d

RM

7,000.00

RM

Stationery
March
1,000.00

June

March
5 Cash
April

31 Balance c/d

April
1 Balance b/d

RM

1,000.00

May

30 Balance c/d
May

1 Balance b/d

RM

1,000.00

31 Balance c/d

1 Balance b/d

RM

1,000.00

8 Bank

RM

Rent
March
1,500.00

1 Balance b/d
8 Bank

RM
RM
RM

1,500.00
1,500.00
3,000.00

June

March

April

31 Balance c/d

April
30 Balance c/d

May

May
1 Balance b/d
3 Bank

RM
RM
RM

3,000.00
1,500.00
4,500.00

1 Balance b/d

RM

4,500.00

31 Balance c/d

June

March
9 Cash

RM

Advertising Expenses
March
500.00
31 Balance c/d

April

April
1 Balance b/d

RM

500.00

May

30 Balance c/d
May

1 Balance b/d

RM

500.00

1 Balance b/d

RM

500.00

31 Balance c/d

June

March
11 Sales

RM

Elsa
March
5,000.00

April

31 Balance c/d

April
1 Balance b/d

RM

5,000.00

RM

5,000.00

May

6 Bank
30 Balance c/d

May
1 Balance b/d

RM

4,700.00

1 Balance b/d

RM

4,700.00

31 Balance c/d

June

March
25 Cash

RM

Bills
March
500.00

31 Balance c/d

April

April
1 Balance b/d

RM

500.00

May

30 Balance b/d
May

1 Balance b/d

RM

5,000.00

1 Balance b/d

RM

500.00

31 Balance c/d

June

March
26 Bank

RM

Wages and Salaries
March
3,600.00
31 Balance c/d

April

April
1 Balance b/d
29 Bank

RM
RM
RM

3,600.00
5,000.00
8,600.00

May

30 Balance c/d

May
1 Balance b/d
27 Bank

RM
RM
RM

8,600.00
5,000.00
13,600.00

31 Balance c/d

1 Balance b/d

RM

30 Balance c/d

RM

13,600.00
Angelo
April
6,400.00

June

April

May

3 Fixtures

May
31 Balance c/d

RM

6,400.00

1 Balance b/d
June
1 Balance b/d

April
30 Balance c/d

RM

Barnfield
April
2,100.00

May

3 Purchase

May
31 Balance c/d

RM

2,100.00

1 Balance b/d
June

1 Balance b/d

April
4 Sales

RM

Carla
April
750.00

May

30 Balance c/d

May
1 Balance b/d

RM

750.00

1 Balance b/d

RM

750.00

31 Balance c/d

June

April
16 Cash

RM

Insurance Premium
April
150.00
30 Balance c/d

May

May
1 Balance b/d

RM

150.00

31 Balance c/d

1 Balance b/d

RM

150.00

RM

Lampard
May
560.00

June

May
31 Balance c/d

4 Purchase

June
1 Balance b/d

RM

Drawings
May
200.00

RM

200.00

May
17 Cash
June
1 Balance b/d

Kagawa

31 Balance c/d

May

May
18 Sales

RM

670.00

RM

670.00

31 Balance c/d

June
1 Balance b/d

RM

Jasper Ltd
May
3,000.00

RM
RM
RM
RM
RM

Discounts Allowed
May
20.00
31 Balance c/d
20.00
40.00
60.00
140.00

May
31 Bank

May
20 Kate
Tony
Paddy
Humphery

19 Van

June
1 Balance b/d

RM

May
31 Balance c/d

RM
RM

140.00

Discounts Received
May
267.50
24 Garth
Lily
267.50
June
1 Balance b/d

May
31 Balance c/d

RM

John
May
890.00

22 Purchase

June
1 Balance b/d

May
31 Balance c/d

RM

Leslie
May
720.00

22 Purchase

June
1 Balance b/d

RM

Salaries
May
5,000.00

RM

5,000.00

May
27 Bank

31 Balance c/d

June
1 Balance b/d

May
31 Balance c/d

RM

Shinji
May
380.00

4 Purchase

June
1 Blance b/d

May
21 Return Outwards
31 Balance c/d

RM
RM
RM

Frank
May
90.00
600.00
690.00

4 Purchase

June
1 Balance b/d

RM

Tony
May
560.00

RM

560.00

May
7 Sales

May

Winston
May

18 Return Inwards
20 Bank
Discounts Allowed

7 Sales
18 Sales

RM
RM
RM

780.00
220.00
1,000.00

RM

1,000.00

31 Balance c/d

June
1 Balance b/d

RM

Paddy
May
980.00

RM

980.00

7 Sales

RM

Cando
May
480.00

1 Balance b/d

RM

480.00

May
7 Sales

May

18 Return Inwards
20 Bank
Discounts Allowed

31 Balance c/d

June

7 Sales

RM

Debbie
May
1,180.00

1 Balance b/d

RM

1,180.00

May

31 Balance c/d

June

RM

Motor Expenses
May
130.00

RM

130.00

May
14 Cash

31 Balance c/d

June
1 Balance b/d

March
1 Balance b/d
April

RM

Inventories
March
28,890.00
April

31 Balance c/d

1 Balance b/d

RM

28,890.00

May

30 Balance c/d
May

1 Balance b/d

RM

28,890.00

31 Balance c/d

1 Balance b/d

RM

28,890.00

RM

Capital
March
71,980.00

June

March
31 Balance c/d
April

1 Balance b/d

April
30 Balance c/d

RM

71,980.00

May

1 Balance b/d
May

31 Balance c/d

RM

71,980.00

1 Balance b/d
June
1 Balance b/d

March
31 Balance c/d

RM

Sales
Match
5,000.00

April

31 Credit sales for the mont

April
30 Balance c/d

RM

5,750.00

RM

5,750.00

May

1 Balance b/d
30 Credit sales for the mont

May
31 Balance c/d

RM

11,020.00

RM

11,020.00

1 Balance b/d
31 Credit sales for the mont

June
1 Balance b/d

March
31 Credit purchases for the

RM

Purchases
March
2,800.00

31 Balance c/d

April

April
1 Balance b/d
30 Credit purchases for the

RM
RM
RM

2,800.00
2,100.00
4,900.00

May

30 Balance c/d

May
1 Balance b/d
30 Credit purchases for the

RM
RM
RM

4,900.00
3,440.00
8,340.00

RM

8,340.00

31 Balance c/d

June
1 Balance b/d

May
31 Total return inwards for t RM

Return Inwards
May
340.00

31 Balance c/d

June
1 Balance b/d

RM

May
31 Balance c/d

RM

340.00

Return Outwards
May
90.00
31 Total return inwards for t
June
1 Balance b/d

RM

Rates
2014
May
660.00

RM

660.00

2014
May
30 Bank
2014
June
1 Balance b/d

2014
March

Elsa
2014
March

31 Balance c/d

11 Sales

RM

5,000.00

2014
April

31 Balance c/d
2014
April

1 Balance b/d

RM

5,000.00

RM

5,000.00

2014
May

6 Bank
30 Balance c/d
2014
May

1 Balance b/d

RM

4,700.00

1 Balance b/d

RM

4,700.00

2014
June

31 Balance c/d

RM

24,500.00

RM

24,500.00

RM

27,500.00

RM

27,500.00

RM

6,000.00

Garth
March

RM

12,400.00

31 Balance c/d
April

RM

12,400.00

30 Balance c/d
May

RM

12,400.00

24 Bank
Discount Received

Lily
7000

March
Balance c/d

7000
3000

2014
April
5 Cash
Balance c/d
May
24 Bank
Discount Received

RM

7,000.00
Purchases
March
5 Account Payables
April
1 Balance b/d
3 Barnfield

May

RM

1,000.00

RM

1,000.00

RM

1,000.00

Balance b/d
4 Garth
Lampard
Shinji
Frank
22 John
Leslie
May
Balance b/d
Rent
March

2800

8 Bank
April

2800

1 Balance b/d
Bank

Sales
March
500

31 Balance c/d

Wages
March
26 Bank
Balance b/d
29 Bank

Barnfield

6400

Elsa
March
11 Sales
April
1 Balance b/d

Jasper Ltd

RM

400.00

RM

400.00

RM
RM
RM

380.00
20.00
400.00

RM
RM
RM

1,000.00
800.00
1,800.00

RM

800.00

RM
RM
RM

1,140.00
60.00
1,200.00
Officeworld
March

RM

7,000.00

RM

7,000.00

26 Bank
31 Balance c/d

April
30 Balance c/d
RM

7,000.00
May
31 Balance c/d

RM

1,000.00

RM

1,000.00

RM

1,000.00

RM

1,500.00

RM

3,000.00

RM

3,000.00

RM

4,500.00

RM

4,500.00

RM

500.00

RM

500.00

RM

500.00

RM

5,000.00

RM
RM
RM

300.00
4,700.00
5,000.00

RM

4,700.00

RM

500.00

RM

500.00

RM

500.00

RM

3,600.00

RM

8,600.00

RM

8,600.00

RM

13,600.00

RM

13,600.00

RM

6,400.00

RM

6,400.00

RM

6,400.00

RM

2,100.00

RM

2,100.00

RM

2,100.00

RM

750.00

RM

750.00

RM

150.00

RM

150.00

RM

560.00

RM

560.00

RM

200.00

RM

670.00

RM

3,000.00

RM

140.00

RM

140.00

RM
RM
RM

40.00
227.50
267.50

RM

267.50

RM

890.00

RM

890.00

RM

720.00

RM

720.00

RM

5,000.00

RM

380.00

RM

380.00

RM

690.00

RM

690.00

RM

600.00

RM
RM
RM
RM

160.00
20.00
380.00
560.00

RM

1,000.00

RM

1,000.00

RM
RM
RM
RM

180.00
760.00
40.00
980.00

RM

480.00

RM

1,180.00

RM

130.00

RM

28,890.00

RM

28,890.00

RM

28,890.00

RM

71,980.00

RM

71,980.00

RM

71,980.00

RM

71,980.00

RM

5,000.00

RM
RM
RM

5,000.00
750.00
5,750.00

RM
RM
RM

5,750.00
5,270.00
11,020.00

RM

11,020.00

RM

2,800.00

RM

4,900.00

RM

4,900.00

RM

8,340.00

RM

8,340.00

RM

340.00

RM

90.00

RM

90.00

RM

660.00

RM

5,000.00

RM
RM
RM

300.00
4,700.00
5,000.00

RM

4,700.00

RM
RM
RM

Garth
March
600.00
April
600.00
May
760.00
40.00
800.00

RM

Lily
March
4,800.00

RM

4,800.00

RM
RM

1 Balance b/d

RM

600.00

1 Balance b/d

RM

600.00

1 Balance b/d
Purchases

RM
RM
RM

600.00
200.00
800.00

1 Balance b/d
5 Purchases

RM
RM
RM

2,000.00
2,800.00
4,800.00

1 Balance b/d

RM

4,800.00

RM

4,800.00

RM

4,550.00

RM

4,550.00

31 Balance c/d

RM

2,800.00

30 Balance c/d

RM

4,900.00

2014
April
RM
RM
RM

250.00
4,550.00
4,800.00
May

RM
RM
RM

RM
RM
RM

4,322.50
227.50
4,550.00
Purchases
March
2,800.00
April
2,800.00
2,100.00

Balance b/d

RM

4,900.00

RM

4,900.00

RM

8,340.00

May
RM
RM
RM
RM
RM
RM
RM
RM

4,900.00
200.00
560.00
380.00
690.00
890.00
720.00
8,340.00

RM

8,340.00
Rent
1500

Balance c/d

Balance c/d

1500

1500
1500

Sales
March
5000
April

11 Elsa

5000

1 Balance b/d
4 Carla

5000
750

Balance c/d

3600

Wages
3600
3600
5000

Barnfield
April
3 Purchases

2100

Elsa
March
5000
5000

31 Balance c/d
6 Bank

5000
300

Jasper Ltd
May
19 Van

3000

Officeworld
March
RM
RM
RM

4,000.00
3,000.00
7,000.00

2 Computers and printer

RM

7,000.00

RM

7,000.00

1 Balance b/d

RM

3,000.00

1 Balance b/d

RM

3,000.00

1 Balance b/d

RM

3,000.00

April
RM

3,000.00
May

RM

3,000.00
June

Cash
Bank
Capital
Purchases
Sales
Van
Fixtures
Inventories
Office Equipment
Officeworld
Stationery
Rent
Advertising Expenses
Elsa
Bills
Wages and Salaries
Angelo
Barnfield
Carla
Insurance Premium
Lampard
Shinji
Frank
Debbie
Cando
Winston
Motor Expenses
Drawings
Kagawa
Return inwards
Return outwards
Discount allowed
Discount received
John
Leslie
Rates

B.Berry
Trial balance as at 31 May 2014
Debit
RM
720.00

RM
RM
RM
RM
RM
RM
RM
RM
RM
RM
RM

RM
RM

RM
RM
RM
RM
RM
RM
RM
RM

RM
RM

Credit
RM
RM

15,342.50
73,980.00

RM

11,020.00

RM

3,000.00

RM
RM

6,400.00
2,100.00

RM
RM
RM

560.00
380.00
600.00

RM

90.00

RM
RM
RM

267.50
890.00
720.00

115,350.00 RM

115,350.00

8,340.00
27,500.00
12,400.00
28,890.00
7,000.00
1,000.00
4,500.00
500.00
4,700.00
500.00
13,600.00

750.00
150.00

1,180.00
480.00
1,000.00
130.00
200.00
670.00
340.00
140.00

660.00

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