CONTENTS

BIL.
1. Contents

CONTENTS

PAGES 1 2 3 4 7 10 32 35 44 45 46

2. Acknowledgement 3. Businesss Introduction 4. Businesss Background 5. Transaction 6. Document 7. Journal 8. Ledger 9. Trial Balance 10. Income Statement 11. Financial Statement

ACKNOWLEDGEMENT
Alhamdulillah... This project assignment can we perform perfectly and launch with help and cooperation from several parties. Besides that, we want to appreciate to all people that gave some cooperation to us to be able complete this assignment. With full support from our lecturer, En. Amir Hakim, we wish a lot of thank to he and appreciate it. Furthermore, we also want to appreciate to our group members and classmates that gave some helps, information and cooperation. Lastly, we can be able to complete this assignment with the efforts of some parties that willing to help us. We would like to wish a lot of thankful again to all people that help me.

Business Introduction

I have organised Al-IkhlAss business on 1st January 2012 with capital as RM50000. My business is a sole proprietorship form that sells football and futsal goods such as jersey, futsal shoes and ball. This business aided by two experienced workers that paid salaries RM800 monthly. I prefer to choose this type of business that sells sports items because of: (i) (ii) (iii) lack of business that sells sports items at the location of the business, highest demand among the community support Ministry of Sports and Youth to increase national sports quality

I believe that with organize this sole proprietorship business that sells sports items. I can get the valuable profit and get highest demand of the community. I understand with involving this form of business that sells sports items; I will face with many challengers such as competitors, and responsible for all cost and loss

Businesss Background

I. II. III.

Businesss Name Owners Name Location/ Address

Al-IkhlAs Rozaimi Abd. Rahman Lot No. 238 & 239, 2nd Floor, The Curve, No. 6 Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya. Selangor 03-3578 1009 / 013-3578472 To buy, sell and serve sports enthusiast in getting world class products 1 January 2012 until 31 December 2012 10.00 am. 10.00 pm. (12 hours) RM100 000 2 Sole Proprietorship Ultras Malaya Bank Bhd, Lot 7, Lorong Utara A, Section 33, 46200 Petaling Jaya, Selangor 33109741710995

IV. V. VI. VII. VIII. IX. X. XI.

Tel. Number Activity of the Business Accounting Period Operating Hours Businesss Capital Total Workers Forms of Business Name and bank address of the business

XII.

Bank Account Number

List Name and Address of Supplier

Credit Transaction Supplier 1 Nike Holdings, 277A, Jalan Raja Harun, 43000 Kajang, Selangor. Tel: 03-87367890 Fax: 03-87360001 Supplier 3 Puma Enterprise, No. 8, Jalan PJU 8/8A, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor Tel: 03-7726 0003 Fax: 03-7726 2121 Supplier 2 Adidas Bhd, 1 Sentral, Jalan Stesen, Sentral 5, 50470 KL Sentral , Kuala Lumpur Tel: 03-2772 7258 Supplier 4 -

Cash Transaction Supplier 1 FAM.com Trading, Wisma FAM.com, Jalan SS7A/9, 47301 Kelana Jaya, Selangor Tel: 03-7873 3100 Fax: 03-7875 7984 Supplier 2 Goal. my, A6 Black A, Plaza Dwitasik, Jalan 5/106, Bandar Sri Permaisuri, 56000 Kuala Lumpur. Tel: 03-9172 6079 Fax: 03-9172 6078

List Name and Address of Receivables

Credit Transaction Receivables 1 Star Sports Trading, No 101, Jalan 2/3A, Pusat Bandar Utama, 68100 Selayang, Selangor. 03-5174 9727 Receivables 3 MISA Centre, PES Malaysia, 6 Receivables 2 MP3 Sports Centre, Lot No 1, Jalan Sungai Chua, 43000 Kajang, Selangor. 03-3252 7189 Receivables 4

No. 70 & 71, Jalan Manis 4, Taman Segar, 56100 Kuala Lumpur 03-3814 7724

Level 1 & 2, Podium Block, 110A, Menara Atlan, Jalan Ampang, 50450 Kuala Lumpur. 03-3949 4795

Cash Transaction Receivables 1 Young Tigers Team, Wisma YT MAS, Jalan HM7A/8, 47301 Kelana Jaya, Selangor Receivables 2 En. Nazmi Fahmi, No. AC 21, Jalan Tun Mohd Fuad, Taman Tun Dr. Ismail, 60000 Kuala Lumpur.

Transaction
Bil. 1. Date Transaction January Rozaimi started the business by invested RM110 000 capital which are RM50 1 000 for cash, RM50 000 for Land and Building and RM10 000 for Inventory. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 1 Al-IkhlAs deposits RM40 000 cash into a bank account 2 Bought Furniture by cheque from TDK Furniture Bhd. RM2 500 Deposits Slip Cheque Butt Capital Purchase of Non Current Assets Credit Purchase Non Current Liabilities Purchase of Non Current Assets Cash Purchase Credit Purchase Cash Purchase Credit Sales Credit Purchase Document Memo Element Capital

3 Bought goods on credit from Nike Holdings RM15 000, offered 10% of trade Purchase Invoice discount and terms of 4/15, net 30 4 Rozaimi made a loan RM15 000 from Ultras Malaya Bank. Credit Information

5 Purchase Fixtures and Fittings from Energy Star Company and paid with Cheque Butt cheque RM3 000 7 Purchase goods with cash from FAM.com Trading RM1 000 Cash Bill

8 Purchase goods on credit from Adidas Bhd. RM5 000, offered 10% of trade Purchase Invoice discount 9 Bought goods from Goal. my RM2 000 and paid with cheque Cash Bill

9 Sold goods to Star Sports Trading on credit RM7 000, gave 10% of trade Sales Invoice discount 10 Purchase goods on credit from Puma Enterprise RM9 000, terms 10/14, net 30 Purchase Invoice

12.

11 Paid a cheque to Nike Holdings with full amount. Discount received RM540

Official Receipts

Payment to Supplier

14. 15. 16. 17. 18. 19. 20. 22. 23. 25. 27. 28.

12 Sold goods to MP3 Sports Centre on credit RM4 400 with term 5/10, net 30 13 Paid RM500 for Insurance by a cheque 14 Sold goods on credit to MISA Centre RM6 400 with terms 5/10, net 30 15 Sold goods on credit to PES Malaysia RM6 600, gave 10% of trade discount 16 Paid advertising with cheque RM1 000

Sales Invoice Cheque Butt Sales Invoice Sales Invoice Cheque Butt Cash Bill Official Receipts Cash Bill Official Receipts Official Receipts Payment Voucher Payment Voucher

Credit Sales Payment of Expenses Credit Sales Credit Sales Payment of Expenses Cash Sales Payment to Supplier Cash Sales Payments by Receivables Payments by Receivables Payment of Expenses Payment of

17 Made cash sale to Young Tigers Team RM3 100 18 Paid to Puma Enterprise. with full amount Discount received RM900 18 Made cash sale to En. Nazmi Fahmi RM1 000 19 Received a cheque from MP3 Spots Centre with full amount Discount allowed RM220 23 Received a cheque from MISA Centre with full amount Discount allowed RM320 27 Paid electricity bill RM500 with cash. 28 Paid salaries to workers RM800 each with cash.

29. 30. 31. 32. 33. 34.

28 PES Malaysia returned some goods which were damaged worth RM600. 29 Rozaimi withdrew goods RM50 and some cash RM100 for personal use. 30 Rozaimi made another loan from Ultras Malaya Bank worth RM15 000. 30 Return goods to Adidas Bhd. worth RM1 000. 31 Received RM800 cash for shop rent. 31 Received commissions income RM500 by cash from Puma Enterprise.

Credit Note

Expenses Sales Return. Drawings Non Current Liabilities Purchases Return Revenue Received Revenue Received

Memo Credit Information

Credit Note Official Receipt Official Receipt

10

DOCUMENT

MEMO Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor.

No.: 110

Date : 1 January 2012 Reminder : Owner (Rozaimi Abd Rahman) started his business by invested RM100 000 to his business which are RM50 000 for cash, RM50 000 for Land and Buildings and RM10 000 for Inventory. Rozaimi Abd. Rahman Manager

DOCUMENT 1

11

DEPOSIT SLIP Date : 1 January 2012 Name : Al-IkhlAs RM100 400 RM50 RM10 Account Number : 33109741710995 RM15 Cent TOTAL 40 000 00

Ringgit Malaysia : Forty Five Thousand Only FOR BANK USES Checked By : Aidil Approved By : Farhan

DOCUMENT 2

12

Date: 2 January 2012 Receiver: TDK Furniture Bhd. For: Bought Furniture Ringgit 40 000 40 000 2 500 37 500 Final Balance Deposit Total This Cheque Balance No: 232000 Cent 00 00 00 -

. . .

DOCUMENT 3

INVOICE Nike Holdings, 277A, Jalan Raja Harun, 43000 Kajang, Selangor. Tel: 03-87367890 Fax: 03-87360001 To: Al-IkhlAs

C4070

Date: 3 January 2012

13

Lot No. 238 & 239, 2nd Floor, The Curve, No. 6 Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya. Selangor 03-3578 1009 / 013-3578472 Ref. No. A110 C320 D400 Ball Shoes Sports Accessories Details Quantity 150 150 150 Price per unit/ RM 40 0 0 50 0 0 10 0 0 Total/ RM 6,000 00 7,500 00 1,500 00 15,000 00 1,500 00 13,500 00

Minus : Trade Discount 10% Total Ringgit Malaysia Thirteen Thousand and Five Hundred only. Term 4% of 15 days Rozaimi Abd. Rahman Receivable Sign DOCUMENT 4

Shahrul Manager Sign

Ultras Malaya Bank Bhd, Lot 7, Lorong Utara A, Section 33, 46200 Petaling Jaya, Selangor 14

CREDIT INFORMATION

Date : 04 January 2012 Account No. : 33109741710995

To : Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor. Please take note that we are crediting your account as follow : Total: Note: Fifteen thousand only Bank loan . .

RM 15 000.00 Hakim Ahmad Manager DOCUMENT 5

Date: 5 January 2012 Receiver: Energy Star Company For: Bought Fixtures And Fittings Ringgit Cent 52 500 52 500 3 000 49 500 Final Balance Deposit Total This Cheque Balance No: 234000

. . .

00 00 00 00

15

DOCUMENT 6

CASH BILL FAM.com Trading, Wisma FAM.com, Jalan SS7A/9, 47301 Kelana Jaya, Selangor Tel: 03-7873 3100 Fax: 03-7875 7984 To : Al-IkhlAs Lot No. 238 & 239, 2nd Floor, The Curve, No. 6 Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya. Selangor 03-3578 1009 / 013-3578472 No. 1 2 Details Quantity

B 1750

Date: 7 Jan 2012

Sports Apparel 50 Sports 50 Accessories Total Ringgit Malaysia One Thousand Only. Cash / Cheque

Price per unit/ RM 10 00 10 00

Total/ RM 500 00 500 00 1000 00

Sazali Hassan Manager DOCUMENT 7

16

INVOICE Adidas Bhd, 1 Sentral, Jalan Stesen, Sentral 5, 50470 KL Sentral Kuala Lumpur Tel: 03-2772 7258 To: Al-IkhlAs Lot No. 238 & 239, 2nd Floor, The Curve, No. 6 Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya. Selangor 03-3578 1009 / 013-3578472 Ref. No. A150 D440 Details Sports Apparel Sports Accessories Minus : Trade Discount 10% Total Ringgit Malaysia Four thousand and five hundred only. Rozaimi Abd. Rahman Receivable Sign Quantity 200 100 Price per unit/ RM 20 0 0 10 0 0

C2190

Date: 8 Jan 2012 Total/ RM 4,000 00 1,000 00 5,000 00 500 00 4,500 00

Irfan Manager Sign

DOCUMENT 8

17

CASH BILL DOCUMENT 6 Goal. my, A6 Black A, Plaza Dwitasik, Jalan 5/106, Bandar Sri Permaisuri, 56000 Kuala Lumpur. Tel: 03-9172 6079 Fax: 03-9172 6078 To : Al-IkhlAs Lot No. 238 & 239, 2nd Floor, The Curve, No. 6 Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya. Selangor 03-3578 1009 / 013-3578472 No . 1 2 Details Quantity Price per unit/ RM 30 00 10 00

B 2270

Date: 9 Jan 2012

Total/ RM 1,500 500 2,000 00 00 00

Ball 50 Sports 50 Accessories Total Ringgit Malaysia Two Thousand only. Cash / Cheque : No. MBB 452123

Ida Yanie Manager DOCUMENT 9 18

INVOICE Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor 03-3578 1009 / 013-3578472 To: Star Sports Trading, No 101, Jalan 2/3A, Pusat Bandar Utama, 68100 Selayang, Selangor. 03-5174 9727 Ref. No. S750 T130 Shoes Sports Accessories Details Quantity 100 100

A1100

Date: 9 January 2012 Price per unit/ RM 55 0 0 15 0 0 Total/ RM 5,500 00 1,500 00 7,000 00 700 00 6,300 00 Rozaimi Abd. Manager Sign 19

Minus : Trade Discount 10 % Total Ringgit Malaysia Six Thousand and Three Hundred only. Izzat Farhan Rahman Receivable Sign

DOCUMENT 10

INVOICE Puma Enterprise, No. 8, Jalan PJU 8/8A, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor Tel: 03-7726 0003 Fax: 03-7726 2121 To: Al-IkhlAs Lot No. 238 & 239, 2nd Floor, The Curve, No. 6 Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya. Selangor 03-3578 1009 / 013-3578472 Ref. No. A170 D450 Details Sports Apparel Shoes Quantity 150 150 Price per unit/ RM 20 0 0 40 0 0

C3750

Date: 10 Jan 2012 Total/ RM 3,000 00 6,000 00 9,000 00

Total Ringgit Malaysia: Nine thousand only. Term of 10% of 14 days Rozaimi Abd. Rahman Receivable Sign DOCUMENT 11

Khairul Fahmi Manager Sign 20

No.: 1501 OFFICIAL RECEIPTS Nike Holdings, 277A, Jalan Raja Harun, 43000 Kajang, Selangor. Tel: 03-87367890 Fax: 03-87360001 Tarikh: 11 Ogos 2010 Rec. From: Ringgit: Pay For: Al-IkhlAs, . Two Thousand, Nine Hundred and Sixty Ringgit only (Discount Received RM540 . Fully debt on 3 January 2012 .

RM 12 960.00 Cash /Cheque No: 236000 Shahrul Manager DOCUMENT 12

INVOICE Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor 03-3578 1009 / 013-3578472 To: MP3 Sports Centre, Lot No 1, Jalan Sungai Chua, 43000 Kajang, Selangor. 03-3252 7189 Ref. No. R370 U590 Ball Sports Apparel Details Quantity 20 140

A1101

Date: 12 Jan 2012 Price per unit/ RM 45 0 0 25 0 0 Total/ RM 900 00 3,500 00 4,400 00

Total Ringgit Malaysia Four Thousand and Four Hundred only. Term 5% of 10 days

21

Safiq Rahim Rahman Receivable Sign DOCUMENT 13 Manager Sign

Rozaimi Abd.

Date: 13 January 2012 Receiver: Insurance Company For: Payment Insurance Ringgit Sen 34540 34540 1 500 33040 Final Balance Deposit Total This Cheque Balance No: 236000

. . .

00 00 00 00

DOCUMENT 14

INVOICE Al-IkhlAs, Lot No. 238 & 239,

A1102

22

2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor 03-3578 1009 / 013-3578472 To: MISA Centre, No. 70 & 71, Jalan Manis 4, Taman Segar, 56100 Kuala Lumpur 03-3814 7724 Ref. No. R370 S750 Details Ball Shoes Quantity 20 100

Date: 14 Jan 2012 Price per unit/ RM 45 0 0 55 0 0 Total/ RM 900 00 5,500 00 6,400 00

Total Ringgit Malaysia Six Thousand and Four Hundred only. Terms 5% of 10 days Fakhrul Fidaiy Receivable Sign DOCUMENT 15

Rozaimi Abd. Rahman Manager Sign

INVOICE

A1103 23

Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor 03-3578 1009 / 013-3578472 To: PES Malaysia, Level 1 & 2, Podium Block, 110A, Menara Atlan, Jalan Ampang, 50450 Kuala Lumpur. 03-3949 4795 Ref. No. R370 T130 U590 Ball Sports Accessories Sports Apparel Details Quantity 30 150 120 Date: 15 Jan 2012

Price per unit/ RM 45 0 0 15 0 0 25 0 0

Total/ RM 1,350 00 2,250 00 3,000 00 6,600 00 660 00 5,940 00

Minus : Trade Discount 10% Total Ringgit Malaysia Five Thousand, Nine Hundred and Forty only.

Syuri Rafiq Receivable Sign DOCUMENT 16

Rozaimi Abd. Rahman Manager Sign

24

Date: 16 January 2012 Receiver: Best Board HD. For: Payment Advertising Ringgit Sen 33040 33040 1000 32040 Final Balance Deposite Total This cheque Total No: 237000

. . .

00 00 00 00

DOCUMENT 17

CASH BILL Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor. 03-3578 1009 / 013-3578472 To : Young Tigers Team, Wisma YT MAS, Jalan HM7A/8, 47301 Kelana Jaya, Selangor

B1201

Date:17 Jan 2012 25

Total/ RM 1 Shoes 40 2,200 00 2 Ball 20 900 00 Total 3,100 00 Ringgit Malaysia Three Thousand and One Hundred only. Cash / Cheque : No. MBB 813731 Ong Kim Swee Manager DOCUMENT 18

No.

Details

Quantity

Price per unit/ RM 55 00 45 00

No.: 1701 OFFICIAL RECEIPTS Puma Enterprise, No. 8, Jalan PJU 8/8A, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor Tel: 03-7726 0003 Fax: 03-7726 2121 Date: 18 Ogos 2010 Receiver From : Al-IkhlAs Ringgit : Eight Thousand and Hundred only (Dis. Rec. RM 900) Pay For : Fully debt on 10 January 2012 RM 8 100.00 Cash /Cheque No: 237000 Rozaimi Abd. Rahman Manager DOCUMENT 19 , , . .

26

CASH BILL Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor. 03-3578 1009 / 013-3578472 To : En. Nazmi Fahmi, No. AC 21, Jalan Tun Mohd Fuad, Taman Tun Dr. Ismail, 60000 Kuala Lumpur. No. 1 2 Details Quantity Price per unit/ RM 15 00 40 00

B1202

Date:18 Jan 2012 Total/ RM 600 00 400 00 1,000 00

Sports Apparel 40 Ball 10 Total Ringgit Malaysia One Thousand only. Cash / Cheque

Nazmi Fahmi Manager DOCUMENT 20

27

No.: 2001 OFFICIAL RECEIPTS Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor. 03-3578 1009 / 013-3578472 Tarikh: 19 Ogos 2010 Receiver From: MP3 Sports Centre Ringgit: Four Thousand, One Hundred and Eighty Ringgit only Pay For: Fully debt on 12 January 2012 (Dis. All. RM220) . RM 4 180.00 Cash /Cheque No: 238000 afiq Rahim Manager DOCUMENT 21 S

28

No.: 2002 OFFICIAL RECEIPTS Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor. 03-3578 1009 / 013-3578472 Date: 23 January 2010 Receiver From: MISA Centre Ringgit: Six Thousand and Eighty Ringgit only . Pay For: Fully debt on 14 January 2012 (Dis. All. RM320) RM 6 080.00 Cash /Cheque No: 239000 Fidaiy Manager DOCUMENT 22 Fakhrul

Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Date: 27 January 2012 Jalan PJU 7/3, Receiver: Al-IkhlAs Mutiara Damansara, 47800 Petaling Jaya, Selangor. For: Payment Advertising 03-3578 1009 / 013-3578472

05/01

Ringgit Sen PAYMENT VOUCHER 36 700 00 - Date : 27 Jan 2012 To : 36 700 00 Telekom Malaysia Berhad 400 00 Level 51, North Wing, Menara TM 36 300 00 Jalan Pantai Baru 50672 Kuala Lumpur Final Balance Malaysia. Deposite No. Total Detail Total Recipient Sign. This Cheque RM Balance Bill 1 Electricity 500 00 Fandi Othman No: 238000 Total 500 00 (Ringgit Malaysia: Four Hundred Only) Cash / Cheque No: .. Approved By : Rozaimi Abd. Rahman Manager 29

DOCUMENT 23

Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor. 03-3578 1009 / 013-3578472 PAYMENT VOUCHER To : En. Syazwan No. 1 Detail Salaries for January Month Total Total RM 800 00 800 00

05/01

Date : 28 Jan 2012 Recipient Sign. Syazwan 30

(Ringgit Malaysia: Eight Hundred Only) Cash / Cheque No: ..

Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor. 03-3578 1009 / 013-3578472 PAYMENT VOUCHER To : En. Syazana No. 1 Detail Salaries for January Month Total Total RM 800 00 800 00

05/02

Date : 28 Jan 2012 Recipient Sign. Syazana

(Ringgit Malaysia: Eight Hundred Only) Cash / Cheque No: .. DOCUMENT 24

31

CREDIT NOTE PES Malaysia, Level 1 & 2, Podium Block, 110A, Menara Atlan, Jalan Ampang, 50450 Kuala Lumpur. 03-3949 4795 To : Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor. Ref. Details Quantity No. T130 Sport Accessories 40 Total (Ringgit Malaysia: Six hundred only.) Note: Goods were damaged.

No.: CN 202

Date : 28 January 2012

Price Per Unit (RM) 15 00

Total (RM) 600 600 00 00

Syukri Rafiq Manager

32

DOCUMENT 25

MEMO Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor.

No.: 111

Date : 29 January 2012 Account Clerk : Encik Rozaimi withdrew goods RM50 and some cash RM100 for his personal use. Rozaimi Abd. Rahman Manager

Document 26

Ultras Malaya Bank Bhd, Lot 7, Lorong Utara A, Section 33, 46200 Petaling Jaya, Selangor CREDIT INFORMATION To : 33 Date : 30 January 2012 Account No. : 33109741710995

Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor. Please take note that we are crediting your account as follow : Total: Fifteen thousand only Note: Bank loan RM 15 000.00 Hakim Ahmad Manager Document 27 . .

34

CREDIT NOTE Al-IkhlAs, Lot No. 238 & 239, 2nd Floor, The Curve, No. 6, Jalan PJU 7/3, Mutiara Damansara, 47800 Petaling Jaya, Selangor. 03-3578 1009 / 013-3578472 To : Adidas Bhd, 1 Sentral, Jalan Stesen, Sentral 5, 50470 KL Sentral , Kuala Lumpur Tel: 03-2772 72 Date : 30 January 2012 Ref. Details Quantity No. T130 Sport Apparels 50 Total (Ringgit Malaysia: One Thousand only.) Note: Goods were damaged.

No.: CN 302

Price Per Unit (RM) 20 00

Total (RM) 1000 1000 00 00

Rozaimi Abd. Rahman Manager

Document 28

35

Document 29

NO: 1502 OFFICIAL RECEIPT Date : 31 January 2012 Receive From: Century Caf Total Amount: Eight hundred only Paid For: Paying shop rent RM 800.00 Cash/Cheque No. Rahman Rozaimi Abd. Manager . . .

Document 30

NO: 1705 OFFICIAL RECEIPT Date : 31 January 2012 Receive From: Puma Enterprise Total Amount: Five hundred only Paid For: Commissions Income RM 500.00 Cash/Cheque No: Rahman Rozaimi Abd. Manager . . .

36

JOURNAL

Date 2012 Jan 1

GENERAL JOURNAL Pariculars Cash Land and Buildings Inventory Capital (Being Assets, Liabiliteis, and Capital at Started of the business) Bank Loan (made a loan from Ultras Malaya Bank)

Fol GL4 GL2 GL3 GL1

Debit Credit RM RM 50000 50000 10000 110000 110000 110000

Jan 4

GL5 GL8

15000 15000

Jan 29

Drawing GL15 Purchases GL9 Cash GL4 (Withdrew goods and cash for personal use) Bank Loan (made a loan from Ultras Malaya Bank) GL5 GL8

150 50 100

Jan 30

15000 15000

37

38

Date 2012 Jan 3 8 10 31

PURCHASES JOURNAL Particulars Fol Invoice No. Amount RM Nike Holdings Trading PL1 C4070 13500 Adidas Bhd. PL2 C2190 4500 Puma Enterprise PL3 C3750 9000 Purchases Account 27000

Date Jan 30 31

RETURNS OUTWARDS JOURNAL Particulars Fol Invoice No. Amount Adidas Bhd. Returns Outwards Account PL2 CN302 1000 1000

Date 2012 Jan 9 12 14 15 31

SALES JOURNAL Particulars Fol Invoice No. Amount Star Sports Trading MP3 Sports Centre MISA Centre PES Malaysia Sales Account SL1 SL2 SL3 SL4 A1100 A1101 A1102 A1103 6300 4400 6400 5940 23040

Date 2012 Jan 28 31

RETURNS INWARDS JOURNAL Particulars Fol Credit Note Amount No. PES Malaysia Returns Inwards Account SL4 CN202 600 600

39

Date 2012 Jan 11 18

CASH PAYMENT JOURNAL Particulars Fol Discount Received Nike Holdings Trading Puma Enterprise PL1 PL3 540 900 1440

Cash RM

Bank RM 12960 8100 21060

Date 2012 Jan 19 23

CASH RECEIPTS JOURNAL Particulars Fol Discount Allowed MP3 Sports Centre MISA Centre SL2 SL3 220 320 540

Cash RM

Bank RM 4180 6080 10260

40

LEDGER
SALES LEDGER Star Sports Trading RM Date Particulars 2012 6,300 Jan 31Balance c/d 6,300 SL1 RM 6,300

Date Particulars 2012 Jan 9 Sales Feb 1 Balance b/d

Date Particulars 2012 Jan 12 Sales

MP3 Sports Centre RM Date Particulars 2012 4,400 Jan 19 Bank 19 Discount Allowed 4,400

SL2 RM 4,180 220 4,400

Date Particulars 2012 Jan 14 Sales

MISA Centre RM Date Particulars 2012 6,400 Jan 23 Bank Discount Allowed 6,400

SL3 RM 6,080 320 6,400

Date Particulars 2012 Jan 15 Sales

PES Malaysia RM Date Particulars 2012 5,940 Jan 28 Returns Inwards 31 Balance c/d 5,940 5,340

SL4 RM 600 5,340 5,940

Feb

1 Balance b/d

41

PURCHASES LEDGER Nike Holdings RM Date Particulars 2012 12,960 Jan 3 Purchases 540 13500 PL1 RM 13,500

Date Particulars 2012 Jan 11 Bank 11 Discount Received

13,500

Date Particulars 2012 Jan 30 Returns Outwards 31 Balance c/d

Adidas Bhd. RM Date Particulars 2012 1,000 Jan 8 Purchases 3,500 4,500 Feb 1 Balance b/d

PL2 RM 4,500

4,500 3,500

Date Particulars 2012 Jan 18 Bank 18 Discount Received

Puma Enterprise RM Date Particulars 2012 8,100 Jan 10 Purchases 900 9,000

PL3 RM 9,000

9,000

42

CONTROL ACCOUNT Account Receivable Control Account Date Particulars RM Date Particulars 2012 2012 Jan 31 Total Sales 23,040 Jan 31 Bank Discount Allowed Return Inwards Baki h/b 23,040 11640 DC RM 10,260 540 600 11,640 23,040

Feb

1 Balance b/d

Account Payable Control Account Date Particulars RM Date Particulars 2012 2012 Jan 31 Bank 21,060 Jan 1 Total Creditors Discount Received 1440 Return Outwards 1000 Balance c/d 3,500 27,000 Feb 1 Balance b/d

CC RM 27000

27,000 3500

43

GENERAL LEDGER Capital RM Date Particulars 2012 110,000 Jan 1 Balance b/d Feb 1 Balance b/d GL1 RM 110000 110,000

Date Particulars 2012 Jan 31 Balance c/d

Date Particulars 2012 Jan 1 Balance b/d Feb 1 Balance b/d

Land and Buildings RM Date Particulars 2012 50,000 Jan 31 Balance c/d 50,000

GL2 RM 50,000

Date Particulars 2012 Jan 1 Balance b/d Feb 1 Balance b/d

Inventory RM Date Particulars 2012 10,000 Jan 31 Balance c/d 10,000

GL3 RM 10,000

Cash Date Particulars 2012 Jan 1 Balance b/d 17 Sales 18 Sales 31 Rent Income 31 Commission Income RM 50,000 3,100 1,000 800 500 Date Particulars 2012 Jan 1 Bank 7 Purchases 27 Electricity 28 Salaries 29 Drawings 31 Balance c/d RM 40,000 1,000 500 1,600 100 12,200 55,400

GL4

55,400

44

Bank Date Particulars 2012 Jan 1 Cash 4 Loan 19 MP3 Sports Centre 23 MISA Centre 30 Loan RM 40,000 15,000 4,180 6,080 15,000 Date Particulars 2012 Jan 2 Furniture 5 Fixture and Fittings 9 Purchases 11 Nike Holdings 13 Insurance 16 Advertising 18 Puma Enterprise 31 Balance c/d RM 2,500 3000 2000 12,960 1500 1000 8,100 49200 80,260

GL5

Feb

1 Balance b/d

80,260 49,200

Date Particulars 2012 Jan 2 Bank Feb 1 Balance b/d

Furniture RM Date Particulars 2012 2,500 Jan 31 Balance c/d 2,500

GL6 RM 2,500

Date Particulars 2012 Jan 5 Bank Feb 1 Balance b/d

Fixtures and Fittings RM Date Particulars 2012 3,000 Jan 31 Balance c/d 3,000

GL7 RM 3,000

Loan Date Particulars 2012 Jan 31 Balance c/d RM Date Particulars 2012 30,000 Jan 'Jan 4 Bank 9 30 Bank 30,000 Feb 1 Balance b/d RM 15,000 15,000 30,000 30,000

GL8

45

Date Particulars 2012 Jan 7 Cash 9 Bank 31 All Creditors

Purchases RM Date Particulars 2012 1,000 Jan 29 Drawings 2000 31 Balance c/d 27000 30,000

GL9 RM 50 29,950

30,000

Sales Date Particulars 2012 Jan 31 Balance c/d RM Date Particulars 2012 27,140 Jan 17 Cash 18 Cash 31 All Debtors 27,140 Feb 1 Balance b/d RM 3,100 1,000 23,040 27,140 27,140

GL10

Date Particulars 2012 Jan 27 Cash Feb 1 Balance b/d

Elecricity Bill RM Date Particulars 2012 500 Jab 31Balance c/d 500

GL11 RM 500

Date Particulars 2012 Jan 28 Cash Feb 1 Balance b/d

Salaries RM Date Particulars 2012 1,600 Jab 31Balance c/d 1,600

GL12 RM 1,600

Date Particulars 2012 Jan 13 Bank Feb 1 Balance b/d

Insurance RM Date Particulars 2012 1,500 Jab 31Balance c/d 1,500

GL13 RM 1,500

46

Date Particulars 2012 Jan 16 Bank Feb 1 Balance b/d

Advertising RM Date Particulars 2012 1,000 Jab 31Balance c/d 1,000

GL14 RM 1,000

Date Particulars 2012 Jan 29 Purchases Cash

Drawings RM Date Particulars 2012 50 Jan 31 Balance c/d 100 150 150

GL15 RM 150

150

Feb

1 Balance b/d

Date Particulars 2012 Jan 31 Balance c/d Feb 1 Balance b/d

Rent Income RM Date Particulars 2012 800 Jan 31 Cash 800

GL16 RM 800

Date Particulars 2012 Jan 31 Balance c/d Feb 1 Balance b/d

Commission Income RM Date Particulars 2012 500 Jan 31 Cash 500

GL17 RM 500

Date Particulars 2012 Jan 28 PES Malaysia Feb 1 Balance b/d

Return Inwards RM Date Particulars 2012 600 Jan 31 Balance C/d 600

GL18 RM 600

47

Date Particulars 2012 Jan 31 Balance c/d

Return Outwards RM Date Particulars 2012 1,000 Jan 30 Adidas Bhd. Feb 1 Balance b/d

GL19 RM 1,000 1,000

Date Particulars 2012 Jan 19 MP3 Sports Centre 23 MISA Centre

Discount Allowed RM Date Particulars 2012 220 Jan 31 Balance c/d 320 540 540

GL20 RM 540

540

Feb

1 Balance b/d

Date Particulars 2012 Jan 31 Balance c/d

Discount Received RM Date Particulars 2012 1,440 Jan 11 Nike Holdings 18 Puma Enterprise 1,440 Feb 1 Balance b/d

GL21 RM 540 900 1,440 1,440

48

TRIAL BALANCE
Al-IkhlAs TRIAL BALANCE AS AT 31 Decenber 2012 PARTICULARS FOLIO DT (RM) CT (RM) Capital GL1 110000 Land and Buildings GL2 50000 Inventory GL3 10000 Cash GL4 12200 Bank GL5 49200 Furniture GL6 2500 Fixture and Fittings GL7 3000 Loan GL8 30000 Purchases GL9 29950 Sales GL10 27140 Electricity GL11 500 Salaries GL12 1600 Insurance GL13 1500 Advertising GL14 1000 Drawings GL15 150 Rent Income GL16 800 Commission Income GL17 500 Return Inwards GL18 600 Return Outwards GL19 1000 Discount Allowed GL20 540 Discount Received GL21 1440 Account Receivable DC 11640 Account Payable CC 3500 JUMLAH 174380 174380

49

INCOME STATEMENT

Al-IkhlAs STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2012 RM RM RM Sales 27140 - Return Inwards 600 Net Sales 26540 Less : Cost of Goods Sold Opening Stock Purchases - Return Outwards Net Purchases Cost of Goods Available for Sale - Ending Stock Gross Profit + Revenues : Rent Income Commission Income Discount Received - Expenses : Electricity Salaries Insurance Advertising Discount Allowed Net Profit

10000 29950 1000 28950 38950 18400

20550 5990

800 500 1440

2740 8730

500 1600 1500 1000 540 5140 3590

50

FINANCIAL STATEMENT

Al-IkhlAs STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2012 RM NON-CURRENT ASSETS Land and Buildings Furniture Fixture and Fittings CURRENT ASSETS Ending Stock Account Receivable Cash Bank RM 50000 2500 3000 55500 18400 11640 12200 49200 91440 146940 NON-CURRENT LIABILITY Loan CURRENT LIABILITY Account Payable OWNER'S EQUITY Capital + Net Profit - Drawings RM

30000

3500

110000 3590 113590 150 113440 146940

51