Question

Credit (RM) No Date 1 1/1/2019 Debit (RM) 200,000 200,000 2 5 /1/2019 8,000 8,000 3 12/1/2019 100,000 100,000 16/1/2019 2,400 2,400 30/1/2019 1,100 1,100 2/2/2019 12,800 12,800 7/2/2019 12,000 12,000 13/2/2019 250 250 20/2/2019 5,000 5,000 10 28/2/2019 1,100 1,100 11 3/3/2019 1,600 1,600 12 6/3/2019 2,400 2,400 13 15/3/2019 Transactions Dt Cash Cr Capital Dt Purchase Cr Account Payable-AZ Trading Dt Bank Cr Cash Dt Cash Cr Sale Dt Salary Cr Bank Dt Purchase Cr Account Payable-MD Trading Dt Account Receivable-Aliff Enterprise Cr Sale Dt Expenses-Repair Office Computer Cr Cash Dt Delivery Van Cr Bank Dt Salary Cr Bank Dt Purchase Cr Cash Dt Account Payable-MD Sdn Bhd Cr Return Outwards Dt Account Receivable-Nur Trading Cr Sale Dt Account Payable-AZ Trading Account Payable-MD Sdn Bhd Cr Bank Dt Rent Cr Bank Dt Utilities Cr Cash Dt Salary Cr Bank Dt Sale Cr Cash Dt Purchase Cr Account Payable-Chempaka Dt Return Inwards Cr Account Receivable-Aliff Enterprise Dt Bank Cr Account Receivable-Nur Trading Dt Salary Cr Bank Dt Carriage Inwards Cr Cash Dt Purchase Cr Cash 10,800 10,800 14 16/3/2019 3000 1200 4200 15 24/3/2019 800 800 16 26/3/2019 150 150 17 31/3/2019 1,100 1,100 18 2/4/2019 1,200 1,200 19 8/4/2019 11,200 11,200 20 19/4/2019 1,200 1,200 21 20/4/2019 4,800 4,800 30/4/2019 1,100 1,100 23 8/5/2019 100 100 13/5/2019 2.400 2,400

1) Make ledger for 1 year
2) Make trial balance for 1 year
3) Income statement
4)Financial position

Answer 1

Answer to 1

Cash Account
Date	Particulars	Debit	Date	Particulars	Credit
1-Jan-19	To Capital	200,000	12-Jan-19	By Bank	100,000
16-Jan-19	To Sale	2,400	13-Feb-19	By Expense - Repair office computer	250
20-Jun-19	To commission	200	3-Mar-19	By purchase	1,600
8-Aug-19	To dividend received	350	26-Mar-19	By Utilities	150
1-Oct-19	To Sale	2,400	2-Apr-19	By sale	1,200
10-Nov-19	To office furniture	400	8-May-19	By carriage inwards	100
			13-May-19	By purchases	2,400
			16-Jun-19	By drawings	100
			24-Jun-19	By Utilities	150
			3-Jul-19	By Stationery	80
			3-Nov-19	By drawings	50
			25-Dec-19	By Utilities	150
			31-Dec-19	By closing balance	99,520
TOTAL		205,750			205,750
Capital Account
Date	Particulars	Debit	Date	Particulars	Credit
31-Dec-19	To closing balance	200,000	1-Jan-19	By Cash	200,000
TOTAL		200,000			200,000
Purchase Account
Date	Particulars	Debit	Date	Particulars	Credit
5-Jan-19	To Account payable - AZ Trading	8,000	31-Dec-19	By closing balance	52,000
2-Feb-19	To Account payable - MD Trading	12,800
3-Mar-19	To cash	1,600
8-Apr-19	To accounts payable - Chempaka	11,200
13-May-19	To cash	2,400
1-Aug-19	To Accounts Receivable - Ming IT Store	16,000
TOTAL		52,000			52,000
Account payable - AZ Trading Account
Date	Particulars	Debit	Date	Particulars	Credit
16-Mar-19	To Bank	3,000	5-Jan-19	By Purchase	8,000
7-Jun-19	To Bank	5,000
TOTAL		8,000			8,000
Bank
Date	Particulars	Debit	Date	Particulars	Credit
12-Jan-19	To Cash	100,000	30-Jan-19	By Salary	1,100
20-Apr-19	To accounts receivable - Nur Trading	4,800	20-Feb-19	By delivery van	5,000
21-May-19	To loan	100,000	28-Feb-19	By Salary	1,100
15-Jul-19	To building	10,000	16-Mar-19	By Account payable - AZ Trading	3,000
2-Dec-19	To accounts receivable - Chin Kai Chai	9,600	16-Mar-19	By Account payable - MD sdn bhd	1,200
			24-Mar-19	By rent	800
			31-Mar-19	By Salary	1,100
			30-Apr-19	By Salary	1,100
			31-May-19	By Salary	1,100
			7-Jun-19	By Account payable - AZ Trading Account	5,000
			22-Jun-19	By rent	800
			30-Jun-19	By Salary	1,100
			9-Jul-19	By freehold premises	150,000
			30-Jul-19	By Salary	1,100
			31-Aug-19	By Salary	1,100
			4-Sep-19	By Account payable - MD sdn bhd	9,200
			20-Sep-19	By rent	800
			30-Sep-19	By Salary	1,100
			30-Oct-19	By Salary	1,100
			30-Nov-19	By Salary	1,100
			20-Dec-19	By rent	800
			31-Dec-19	By Salary	1,100
			31-Dec-19	By closing balance	34,600
TOTAL		224,400			224,400
Sale
Date	Particulars	Debit	Date	Particulars	Credit
2-Apr-19	To cash	1,200	16-Jan-19	By Cash	2,400
31-Dec-19	To closing balance	36,000	7-Feb-19	By Accounts receivable Aliff Enterprise	12,000
			15-Mar-19	By Accounts receivable - Nur Trading	10,800
			20-Jul-19	By Accounts receivable - Chin Kal Chai	9,600
			1-Oct-19	By Cash	2,400
TOTAL		37,200			37,200
Salary
Date	Particulars	Debit	Date	Particulars	Credit
30-Jan-19	To Bank	1,100	31-Dec-19	By closing balance	13,200
28-Feb-19	To bank	1,100
31-Mar-19	To bank	1,100
30-Apr-19	To bank	1,100
31-May-19	To bank	1,100
30-Jun-19	To bank	1,100
30-Jul-19	To bank	1,100
31-Aug-19	To bank	1,100
30-Sep-19	To bank	1,100
30-Oct-19	To bank	1,100
30-Nov-19	To bank	1,100
31-Dec-19	To bank	1,100
TOTAL		13,200			13,200

Answer to 2

Trial balance:
Particulars	Dr.	Particulars	Cr
Cash	99,520	Capital account	200,000
Purchase account	52,000	Sale	36,000
Bank	34,600	Return outwards	8,000
Salary	13,200	Accounts payable - Chempaka	9,600
Account receivable - Aliff Enterprise	10,800	Loan	100,000
Expense - Repair - Office computer	250	Commission received	200
Delivery van	5,000	Building	10,000
Accounts receivble - Nur Trading	6,000	Account reeceivable - Ming IT store	12,000
Rent	3,200	Dividend received	350
Utilities	450	Office furniture	400
Return - Inwards	1,200
Carriage inwards	100
Drawings	150
Stationery	80
Free hold premises	150,000
TOTAL	376,550	TOTAL	376,550

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