CONFIDENTIAL 1 AC/JAN2022/ACC117/106/100/105/107/

111/114/115/150

PERLIS

UNIVERSITI TEKNOLOGI MARA

TEST 2

COURSE : INTRODUCTION TO FINANCIAL ACCOUNTING

AND REPORTING / ACCOUNTING / FINANCIAL
ACCOUNTING I / ACCOUNTING I / INTRODUCTION
TO ACCOUNTING I / FINANCIAL ACCOUNTING /
PRINCIPLES OF ACCOUNTING 1
COURSE CODE : ACC117/106/100/105/107/111/114/115/150
EXAMINATION : 22 JANUARY 2022
TIME : 1 HOUR 30 MINUTES

INSTRUCTIONS TO CANDIDATES

1. This question paper consists of THREE (3) questions:

2. Answer ALL questions from all three (3) parts.

3. Answer ALL questions in English.

4. Scan all answers in PDF format vertically using CamScanner or Clear Scanner
or any scanner apps. Only submit ONE file for all answers. File name MUST be in
the following format: YOUR FULL NAME (CAPITAL LETTER)_STUDENT
ID_GROUP (Eg. ALI BIN AHMAD_202100000_RAT1103A).

5. Student declaration:

i. I declare on my honour that I answer all questions on my own without copying and/or
cheating.
ii. I also declare that I do not communicate with the other students throughout the test
period.
iii. I agree to be given 0 mark if I was found guilty for any of these.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO

This test paper consists of 6 printed pages

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 2 AC/JAN2022/ACC117/106/100/105/107/
111/114/115/150

QUESTION 1

Muslim Enterprise was set up on 1 October 2021. Below are the business transactions
during the month of December 2021.

Date Transactions
2021
Dec 1 The owner, Encik Muslim started the business with cash of RM20,000 and
a loan of RM10,000.
3 Purchase second-hand computer worth RM2,000 by cash for office use.
6 Purchased goods RM5,000 from Aidid Bhd on credit.
11 Paid RM200 for transportation goods for sale.
15 Credit sales to June Trading worth RM2,000.
20 Returned defective goods to Aidid Bhd amounting to RM400.
21 The business purchased furniture from Hasmat Furniture for RM2,800 on
credit.
23 June Trading returned goods worth RM200 due to wrong specifications.
26 The owner took goods worth RM500 for personal use.
28 June Trading paid the amount due in full by cheque and was allowed a
discount of RM100.

Required:

Give the appropriate book of prime entry for each of the transactions given above.
(10 marks)

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 3 AC/JAN2022/ACC117/106/100/105/107/
111/114/115/150

QUESTION 2

The following balances were extracted from the books of Maju Enterprise as at 31 December
2021.

Particulars RM RM
Capital 232,500
Purchases & Sales 132,500 280,560
Bank 24,895
Cash 3,580
Freehold premises 150,000
Motor vehicles (at cost) 100,000
Office equipment (at cost) 33,000
Furniture and fitting (at cost) 25,500
Accumulated Depreciation as at 1 January 2021 :
Motor vehicles 20,000
Office equipment 3,300
Furniture and fitting 3,825
Loan from FIM Bank 100,000
5% Fixed Deposit 50,000
Inventories as at 1 January 2021 25,200
Rent Received 10,800
Allowance for doubtful debt as at 1 January 2021 3,500
Accounts receivable 49,350
Accounts payable 31,125
Carriage expenses 5,520
Salaries and wages 80,500
Insurance on motor vehicles 2,400
Discount allowed and Discount received 700 1,250
Water and electricity 1,050
Drawings 1,500
Return inward 450
Return outward 715
Telephone expenses 1,430
687,575 687,575

Additional information:

1. The inventory as at 31 December 2021 was valued at RM24,000.

2. Depreciation expenses were to be made as follows: -

i) Motor vehicles 20% per annum on cost.

ii) Office Equipment 10% per annum on carrying value.
iii) Furniture and Fitting 15% per annum on cost.

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 4 AC/JAN2022/ACC117/106/100/105/107/
111/114/115/150

3. The insurance premium on the Motor Vehicles of RM2,400 is for twelve (12) months
beginning on 1 July 2021.

4. It was discovered that Mr Halim, one of the debtors had been declared bankrupt,
and the balance in his account was RM3,000 and this had not been written off. The
provision for doubtful debts was to be adjusted to 4% on the remaining balance of
Accounts receivable.

5. 40% of the carriage expenses were for carriage outwards. The remaining of the
expenses were carriage inwards.

6. The following amounts were still outstanding as at 31 December 2021:-

Wages and Salaries RM1,500

Water and electricity RM500

7. Mr. Musa, the owner of the business had withdrawn some goods worth RM1,250 for
his personal use and no record had been made in the book.

8. The loan from FIM Bank was obtained on 1 July 2021 and the interest rate is 6.5%
per annum. The interest payment has not yet paid to the bank for the year 2021.

9. The interest earned from Fixed Deposit amounted to RM2,500 was not yet recorded
at the end of the current accounting year.

Required:

a. Statement of Profit or Loss for the year ended 31 December 2021.

(14 marks)

b. Statement of Financial Position as at 31 December 2021.

(11 marks)
Note: Use vertical format presentation.

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 5 AC/JAN2022/ACC117/106/100/105/107/
111/114/115/150

QUESTION 3

Faridah Raiz, the owner of Sahel Meen Enterprise received a bank statement from UUB
Bank for January 2021.

The following was the bank account for Sahel Meen Enterprise for the month of January
2021:

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 6 AC/JAN2022/ACC117/106/100/105/107/
111/114/115/150

You are required to prepare:

a. Adjusted Cash Book

b. Bank Reconciliation Statement as at 31 January 2021.

(15 marks)
(Total: 50 marks)

END OF QUESTIONS

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

 CONFIDENTIAL 1 AC/JUL2022/1/ACC117

PERLIS

UNIVERSITI TEKNOLOGI MARA

TEST 2

COURSE : INTRODUCTION TO FINANCIAL ACCOUNTING

COURSE CODE : ACC117
EXAMINATION : 17 JULY 2022 (SUNDAY)
TIME : 1 HOUR 30 MINUTES (9.00AM - 10.30AM)

INSTRUCTIONS TO CANDIDATES

1. This question paper consists of THREE (3) questions: (Question 1 - 10 marks)

(Question 2 - 25 marks)
(Question 3 - 15 marks)

2. Answer ALL the questions. (TOTAL MARKS: 50 marks)

3. Answer ALL questions in English.

4. READ:
i. I declare on my honour that I answer all questions on my own without copying and/or
cheating.
ii. I also declare that I do not communicate with the other students throughout the test period.
iii. I agree to be given 0 mark if I was found guilty for any of these.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO

This examination paper consists of 5 printed pages

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 2 AC/JUL2022/1/ACC117

QUESTION 1

State the appropriate books of prime entry for each of the transaction given below:

No. TRANSACTIONS BOOKS OF PRIME

ENTRY
Example Receive a cheque valued RM3,000 from Reyas, Cash Receipt Journal
a debtor on credit sales made 2 weeks ago.

1. Credit purchases from Perniagaan Warisan

Selamat for RM2,500.

2. The business purchases a motor vehicle on credit

from Seng Seng Motors valued RM35,000.

3. The business sold goods on credit to Perniagaan

Excell Strength valued RM1,500.

4. Paid business rental expenses amounting to

RM500 for June 2022.

5. Perniagaan Excell Strength, a debtor returns some

faulty goods back to the business valued RM100.

6. Amin, the business owner brought cash, RM5,000

into the business as additional capital.

7. Cash sales to Paper Plane Enterprise amounted to

RM900.

8. Return goods to supplier due to poor quality

valued RM80.

9. A bookseller purchased books on credit from Big

Bad Wolf for RM3,000.

10. RM2,000 received by business as a commission.

(10 Marks)

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 3 AC/JUL2022/1/ACC117

QUESTION 2
The trial balance below was extracted from the books of Magic Power Enterprise.

Magic Power Enterprise

Trial Balance as at 31 December 2021
Particulars Debit Credit
Purchases and Sales 278,400 400,600
Return Inwards and outwards 23,400 10,800
Capital 210,000
Drawings 570
Freehold Premises 172,000
Office Equipment at cost 10,800
Motor Vehicle at cost 96,000
Accumulated Depreciation as at 1 January 2021:
Office Equipment 2,160
Motor Vehicle 34,560
Opening Inventories 60,000
Cash at bank 47,120
Accounts Receivable and Accounts Payable 97,920 50,600
8% Loan from RBH Bank 80,000
Carriage Outwards 1,950
Rental Received 16,800
Discounts Allowed and Received 1,080 1,800
Insurance on motor vehicles 3,600
Allowance for Doubtful Debts as at 1 Jan 2021 1,200
Electricity and water 2,880
Salaries and wages 8,000
Printing and stationery 1,200
Repairs and maintenance 3,600
808,520 808,520

Additional Information:

1. Inventories as at 31 December 2021 were valued at RM75,700.

2. Depreciation is to be provided as follows:

Assets Method of Depreciation Depreciation rate

Office Equipment Straight line 10% per year
Motor Vehicles Reducing balance 20% per year

3. Interest on loan from RBH Bank is at 8% per year and the loan was taken on 1 July
2021. The interest has not yet paid to the bank for the year 2021.

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 4 AC/JUL2022/1/ACC117

4. The insurance premium on motor vehicles of RM3,600 is for twelve (12) months
beginning on 1 July 2021.

5. Other accruals and prepayments for the period were as follows:

Accruals RM Prepayments RM
Repair and maintenance 700 Electricity and water 400
Rental received 2000 Salaries and wages 1,200

6. The owner took goods worth RM2,000 from the business for personal use. This has not
been recorded yet.

7. Allowance for doubtful debts was to be adjusted at 5% of net accounts receivable and
additional bad debts of RM1,500 was to be written off during the year.

Required:

a. Prepare a Statement of Profit or Loss for the year ended 31 December 2021.
b. Prepare a Statement of Financial Position as at 31 December 2021.
(Note: Use vertical format presentation)
(Total: 25 marks)

QUESTION 3
Below are the summary of bank statement and cash book (bank column) of Peppermint
Trading as at 31 May 2022.
BOOM Bank Berhad
Bank Statement for Peppermint Trading for month ended 31 May 2022
May Cheque / Payments Receipts
2022 Description Ref No. DR CR Balance
RM RM RM
1 Balance b/d +110,000
3 Cheque 9678111 250 +109,750
4 Credit transfer 300 +110,050
7 Deposit 2,100 +112,150
8 Standing order 750 +111,400
11 Credit transfer 1,700 +113,100
14 Standing order 250 +112,850
18 Cheque 9678112 3,200 +109,650
20 Deposit 1,110 +110,760
21 Cheque 9678114 3,000 +107,760
24 Bank charges 30 +107,730
25 Deposit 2,000 +109,730
28 Direct debit 200 +109,530
28 Cheque 9678117 500 +109,030
29 Dishonored cheque 1,120 +107,910
31 Cheque 9678116 450 +107,460
31 Cheque 9678118 2,000 +105,460

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 5 AC/JUL2022/1/ACC117

Cash Book

May May Cheque

2022 Receipt RM 2022 Payment No. RM
1 Balance b/d 110,000 1 Electricity expenses 9678111 250
3 WC Supplies 2,100 2 KS Trading 9678112 3,200
19 Salam Sdn Bhd 1,110 14 Syamsul Ent. 9678113 1,000
24 Imran Supplies 2,000 16 Rent expenses 9678114 3,000
30 Devi Res 1,200 20 Adam Services 9678115 125
Adam Services 1,300 21 Syuhada Ent. 9678116 450
Mat Boutique 1,000 21 Imran Supplies 9678117 500
Emmy Flowers 2,000
31 Balance c/d 112,185
120,710 120,710

Additional information:

A payment of RM2,000 (cheque No.9678118) to Emmy Flowers was wrongly entered as a

receipt in the cash book.

Required:

a. Prepare an adjusted cash book.

(10 marks)
b. Prepare a Bank reconciliation statement as at 31 May 2022.
(5 marks)
(Total: 15 marks)

End of question paper

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 1 ACC117/ACC106/TEST2/JAN2022

TAPAH

UNIVERSITI TEKNOLOGI MARA

TEST 2

INTRODUCTION TO FINANCIAL ACCOUNTING/

COURSE : INTRODUCTION TO FINANCIAL ACCOUNTING AND
REPORTING
COURSE CODE : ACC117/ ACC106
EXAMINATION : 21 JANUARY 2022
TIME : 1 HOUR 30 MINUTES

INSTRUCTIONS TO CANDIDATES

1. Answer QUESTION 1 in the Google Form given and QUESTION 2 and QUESTION 3
in the answer sheets to be uploaded in the Google Form in PDF form. Start each
answer on a new page.

2. Answer ALL questions.

3. Make sure all answer sheets have been included and uploaded in the Google Form.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO

This examination paper consists of 5 printed pages
© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
CONFIDENTIAL 2 ACC117/ACC106/TEST2/JAN2022

QUESTION 1

Dahlia Enterprise is a business selling flowers and gifts. The owner, Cik Cempaka, asks for
your help to record the transactions in the book of prime entry.

The following is a list of the business transactions for the month of December 2021.

December
Business Transactions
2021
5 Made a credit purchase of a wrapping machine from Cendana Berhad for
RM5,500.
7 Dahlia Enterprise purchased RM1,000 worth of gifts and souvenirs as well as
40 bouquets of roses and lilies for RM1,800 from Gaharu Trading. The credit
term received is 5/30, net 45.
8 Some of the roses purchased from Gaharu Trading are of the wrong colour.
Dahlia returned the roses worth RM500 back to the supplier.
12 Puan Teratai purchased RM200 worth of gifts and lilies on cash basis.
14 Puan Teratai returned RM50 worth of gifts due to wrong specifications.
15 Cik Cempaka took RM100 of gifts for her nephew’s birthday party.
16 Dahlia Enterprise made credit sales of RM800 to Puan Kemboja with flowers
and gifts.
18 Puan Kemboja returned RM200 of gifts due to their bad condition.
22 Cik Cempaka brought in a delivery van into the business. The delivery van is
worth RM45,000 currently.
27 Dahlia Enterprise paid utilities expenses worth RM200 using cheque.

Required:

Give the appropriate book of prime entry for each of the transactions given above
(Total: 10 marks)

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 3 ACC117/ACC106/TEST2/JAN2022

QUESTION 2

The following is a list of balances obtained from Permatang Putus Enterprise as at 31

December 2021.

Permatang Putus Enterprise

Trial Balance as at 31 December 2021
RM RM
Sales 225,000
Purchases 115,000
Return inwards 9,525
Return outwards 2,000
Opening Stock as at 1st July 2017 16,500
Rent expense 9,000
Salaries 28,000
Stationery 850
Insurance 2,750
Repair and Maintenance 9,400
Interest expense 820
Discount allowed 3,500
Rent received 7,000
Commission received 15,500
Land and building 150,000
Motor vehicles 150,000
Furnitures 25,000
Investment 50,000
Accumulated depreciation – Motor vehicles 30,000
Accumulated depreciation – Furnitures 2,500
Account receivables 17,500
Account payables 23,500
Bank overdraft 37,500
Allowance for doubtful debt as at 1st January 2021 1,345
Drawings 3,500
Capital 247,000
591,345 591,345

Additional information:

1. Stock as at 31 December 2021 is RM 24,000

2. Accruals and prepayments during the period:

Accruals RM Prepayments RM
Commission received 3,500 Rent received 1,200
Insurance 300 Rent Expense 2,500

3. One of the account receivables worth RM500 was declared bankrupt. The allowance
for doubtful debt is to be increased by RM750 for year ended 31 December 2021.

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 4 ACC117/ACC106/TEST2/JAN2022

4. Annual depreciation is to be provided as follows:

a) Motor Vehicle 20% on cost, yearly basis
b) Furnitures 10% on carrying amount, yearly basis

Required:

a. Prepare the Statement of Profit or Loss for the year ended 31 December 2021

b. Prepare the Statement of Financial Position as at 31 December 2021

(Total: 25 marks)

QUESTION 3

Puan Tasneem is the owner of SUTRA Enterprise. In December 2020, she received the
following statement from ADIL Bank.

ADIL BANK
Ipoh, Perak Darul Ridzuan
Bank Statement for the month of December 2020

Client: SUTRA Enterprise

Account no: 000133459723
Type of account: Current Account
Statement date: 31 December 2020

Date Particulars Debit Credit Balance

RM RM RM
1/12/2020 Opening balance 349,000
3/12/2020 Cheque issued – 2020156 47,000 302,000
4/12/2020 Cheque issued – 2020157 12,500 289,500
5/12/2020 Cash deposit - 316498 65,000 354,500
9/12/2020 Redha Insurance – Standing 6,500 348,000
instruction
9/12/2020 Cheque deposit – 336497 45,000 393,000
11/12/2020 Aiman Assurance – Direct 18,070 374,930
debit
13/12/2020 Bank charges 150 374,780
16/12/2020 AMAL Enterprise – Credit 12,800 387,580
transfer
18/12/2020 Cheque deposit - 555111 24,650 412,230
19/12/2020 Cheque issued - 2020159 29,640 382,590
19/12/2020 Cheque issued - 2020160 38,750 343,840
21/12/2020 Cheque deposit -149753 65,990 409,830
23/12/2020 Cheque issued - 2020161 124,500 285,330
25/12/2020 Cheque issued - 2020162 22,100 263,230
27/12/2020 Cheque returned - 149753 65,990 197,240
31/12/2020 Dividends 1,500 198,740

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 5 ACC117/ACC106/TEST2/JAN2022

Cash Book
Date Particulars RM Date Particulars RM
Dec 1 Balance b/d 302,000 Dec 4 Purchases – 2020157 12,500
Dec 4 Sales – 316498 65,000 Dec 18 Salaries – 2020159 29,640
Dec 9 Sales – 336497 45,000 Dec 18 Rent – 2020160 38,750
Dec 15 Sales - 555111 24,650 Dec 23 Purchases – 2020161 142,500
Dec 21 Sales - 149753 65,990 Dec 27 Purchases – 2020163 58,000
Dec 25 Aminah Ent – 2020162 22,100 Dec 31 Balance c/d 292,850
Dec 29 Halimatun - 774333 49,500
574,240 574,240

Additional information:

1. Cheque number 2020156 was issued in the month of November 2020.

2. Cheque number 2020161 was wrongly recorded by the bank as RM124,500.

3. Aminah is SUTRA Enterprise’s creditor. The business has wrongly recorded it as a

receipt.

Required:

a. Prepare the Adjusted Cash Book for month of December 2020

b. Prepare Bank Reconciliation Statement for month of December 2020

(Total: 15 marks)

END OF QUESTIONS

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 1 ACC117/ACC106/TEST2/JULY2022

TAPAH

UNIVERSITI TEKNOLOGI MARA

TEST 2

INTRODUCTION TO FINANCIAL ACCOUNTING/

COURSE : INTRODUCTION TO FINANCIAL ACCOUNTING AND
REPORTING
COURSE CODE : ACC117/ ACC106
EXAMINATION : 8 JULY 2022
TIME : 1 HOUR 30 MINUTES

INSTRUCTIONS TO CANDIDATES

1. Answer QUESTION 1 in the Google Form given and QUESTION 2 and QUESTION 3
in the answer sheets to be uploaded in the Google Form in PDF form. Start each
answer on a new page.

2. Answer ALL questions.

3. Make sure all answer sheets have been included and uploaded in the Google Form.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO

This examination paper consists of 5 printed pages
© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
 CONFIDENTIAL 2 ACC117/ACC106/TEST2/JULY202
2
QUESTION 1

Alisha started a business named Aspire Technologies in January 2021. The following are the
transactions for the month of January 2021.

Date Transactions
January
1 Alisha started a business with RM30,000 cash in hand, RM100,000 cash
at bank and furniture of RM15,000.

2 Bought goods on credit from YouTech Sdn Bhd amounting to RM12,000.

5 Paid transportation cost of RM170 by cash to carry the goods purchased

into the business premise.

9 A customer, TechMe Enterprise purchased goods amounting to

RM15,000 by credit.

11 Due to some damages, Alisha returned goods amounting to RM300 to

YouTech Sdn Bhd.

13 TechMe Enterprise returned RM150 of goods due to wrong specification

of goods.

16 Alisha withdrew goods amounting to RM200 for personal use.

21 Received cheque fromTechMe Enterprise for settlement of its debts.

25 Alisha paid RM320 for water and electricity bill by cash.

Required:

Give the appropriate book of prime entry for each of the transactions given above.

(Total: 10 marks)

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

 CONFIDENTIAL 3 ACC117/ACC106/TEST2/JULY202
2
QUESTION 2

Puan Maryam, the owner of MamaYam Confectinery has the following accounts balances on 31
December 2021.

ACCOUNTS DEBIT CREDIT

(RM) (RM)
Long term investment 150,000
Buliding 200,000
Delivery Van 160,000
Office equipment 120,000
Capital 400,000
Accounts receivable and payable 250,000 80,000
Purchases and sales 1,040,000 2,041,000
Return inwards and return outwards 14,000 10,000
5% loan from CEOB Bank 100,000
Drawings 20,500
Inventory, as at 1 January 2021 100,000
Interest on loan 5,000
Insurance 10,000
Cash in hand 15,000
Cash at bank 390,000
Wages and salaries 106,000
Utilities 126,500
Interest received 12,000
Commission received 5,300
Accumulated Depreciation (1 January 2021)
- Delivery Van 32,000
- Office equipment 11,700
Allowance for doutful debt 15,000

2,707,000 2,707,000

Additional information:

1. The closing inventory as at 31 December 2021 was valued at RM140,000.

2. Depreciation is to be provided on yearly basis based on the following:

Delivery Van 10% based on straight line method

Office equipment 5% based on reducing balance method

3. The items below are still outstanding as at year end:

Interest received RM3,000

Insurance RM2,000

4. Prepaid expenses as at 31 December 2021 consist of utilities expense amounting

RM500

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

 CONFIDENTIAL 4 ACC117/ACC106/TEST2/JULY202
2
5. The allowance for doubtful debt is to be decreased to RM14,600 for year ended 31
December 2021.

Required:

a. Prepare the Statement of Profit or Loss for the year ended 31 December 2021

b. Prepare the Statement of Financial Position as at 31 December 2021

(Total: 25 marks)

QUESTION 3

The following information is taken from the Cash Book of FazrulAmin Store for August 2021.

Cash Book (Bank Column Only)

Date Particulars RM Date Particulars RM
August August
1 Balance b/d 20,756 2 Cheque No. 13801 580
4 Tulen 1,000 10 Cheque No. 13802 666
Enterprise
9 Balqis Sdn Bhd 2,000 13 Cheque No. 13803 921
11 Sales 3,500 15 Cheque No. 13804 370
14 Syarikat Akmal 2,240 20 Cheque No. 13805 484
19 Sales 3,380 25 Cheque No. 13806 219
28 Sales 6,290 27 Cheque No. 13807 4,000
27 Cheque No. 13808 3,680
Balance c/d 28,246
39,166 39,166

A bank statement from the business bank was received on 5 September showed a different
ending balance to the business records.

Particulars Debit (RM) Credit (RM) Balance (RM)

August
1 Balance b/d 20,756 CR
2 Cheque No. 13801 580 20,176 CR
5 Deposit 1,000 21,176 CR
7 Bank Charges 85 21,091 CR
10 Deposit 2,000 23,091 CR
15 Cheque No. 13803 291 22,800 CR
15 Deposit 2,240 25,040 CR
17 Standing Order 600 24,440 CR
20 Cheque No. 13804 730 23,710 CR
22 Cheque No. 112700 6,000 29,710 CR
26 Direct Debit 750 28,960 CR
29 Deposit 6,290 35,250 CR
29 Cheque No. 13807 400 34,850 CR
30 Cheque No. 13808 3,680 31,170 CR
© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
 CONFIDENTIAL 5 ACC117/ACC106/TEST2/JULY202
2
Additional information:

i. Upon reconciliation, the account clerk of FazrulAmin Store found that she has
record the cheque No. 13803, 13804 and 13807 incorrectly.

ii. On the same day, the bank officer informed the account clerk that bank had
wrongly credited Cheque No. 112700 on 22 August 2021 to FazrulAmin Store
instead of to KhairulAmin Store.

Required:

a. Prepare the Adjusted Cash Book for month of August 2021

b. Prepare Bank Reconciliation Statement for month of August 2021

(Total: 15 marks)

END OF QUESTIONS

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 1 ACC117/ACC106/TEST2/JAN2023

TAPAH

UNIVERSITI TEKNOLOGI MARA

TEST 2

INTRODUCTION TO FINANCIAL ACCOUNTING/

COURSE : INTRODUCTION TO FINANCIAL ACCOUNTING AND
REPORTING
COURSE CODE : ACC117/ ACC106
EXAMINATION : JANUARY 2023
TIME : 2 HOURS

INSTRUCTIONS TO CANDIDATES

1. This question paper consists of three (3) questions.

2. Answer ALL questions in the Answer Booklet. Start each answer on a new page.

3. Do not bring any materials into the examination room unless permission is given by the
invigilator.

4. Answer ALL questions in English.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO

This examination paper consists of 5 printed pages

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 2 ACC117/ACC106/TEST2/JAN2023

QUESTION 1

Below are the business transactions of Aroma Enterprise, a business selling car perfumes, for
the month of November 2022.

November
Business Transactions
2022
1 Owner withdrew RM400 cash from the business for personal use.
2 Owner brought in furniture valued RM22,000 into the business.
5 Purchased goods worth RM7,000 on credit from Alan & Sons and received
trade discount of 3%.
8 Returned goods worth RM150 to Alan & Sons due to defect packages.
10 Sold goods on credit worth RM1,550 to Ally.
16 Purchased fittings for business use on credit from Ali Lights Sdn Bhd worth
RM4,800.
18 Cash sales to Mariam worth RM1,300.
21 Ally returned goods worth RM60.
25 Mariam returned goods worth RM100 and she was refunded accordingly.
27 The owner withdrew goods worth RM1,200 from the business for his personal
use.
30 Transfer RM5,400 via online banking to the employees for salaries payment.

Required:

Identify the appropriate book of prime entry for the business transactions from 2 November
2022 to 30 November 2022 as given above.

Example of answer:
Date Books of prime entry
Nov 1 Cash payment journal

(Total: 10 marks)

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 3 ACC117/ACC106/TEST2/JAN2023

QUESTION 2

The following is a list of balances obtained from Abigail Flowers Enterprise as at 31 December
2022.

Abigail Flowers Enterprise

Trial Balance as at 31 December 2022
RM RM
Sales and Purchases 101,540 375,750
Returns 4,500 7,850
Opening Stock as at 1st January 2022 87,000
Rent expense 18,110
Salaries 57,440
Stationery 1,450
General Expense 7,750
Insurance 18,400
Repair and Maintenance 14,000
Interests 3,000 1,625
Discounts 4,900 6,990
Rent received 12,000
Commission received 5,840
Land and building 200,000
Motor vehicles 150,000
Furniture 80,000
5% Fixed Deposit 65,000
Accumulated depreciation – Motor vehicles 90,000
Accumulated depreciation – Furniture 24,000
Account receivables 50,500
Account payables 61,670
Cash at Bank 27,500
Cash in Hand 15,660
10% Loan from People Bank 50,000
Allowance for doubtful debt as at 1st January 2022 2,500
Drawings 7,640
Capital 276,165
914,390 914,390

Additional information:

1. Stock as at 31 December 2022 is RM38,000

2. The loan from People Bank was obtained on 1 April 2022 whereas the business started
to invest in 5% fixed deposit on 1 January 2022

3. Abigail took RM250 worth of flowers for her niece’s birthday party and RM150 worth of
cash to pay for her personal purchasing.

4. There are accrued insurance expense of RM700 and prepaid rent expense of RM3,700
at the end of December 2022

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 4 ACC117/ACC106/TEST2/JAN2023

5. One of the account receivables worth RM700 was declared bankrupt. The business
decides to provide 5% allowance for doubtful debt on the net account receivables.

6. Annual depreciation is to be provided as follows:

a) Motor Vehicle 20% on cost, yearly basis
b) Furniture 10% on carrying amount, yearly basis

Required:

a. Prepare the Statement of Profit or Loss for the year ended 31 December 2022

b. Prepare the Statement of Financial Position as at 31 December 2022

(Total: 25 marks)

QUESTION 3

The following is a summary from the cash book (bank column) and the bank statement of
Print-tee Enterprise for the month of November 2022.

SHIM BANK BERHAD

Bank Statement for the month of November 2022

Date Particulars Debit Credit Balance

RM RM RM
1 Balance b/d 11,800
3 Deposit – 4x4 Owners Club 200 12,000
6 Deposit – AR - Azam 120 12,120
7 Bank charges 55 12,065
9 Cheque – Lee Ent. 320 11,745
12 Direct Debit 500 11,245
15 Standing Order 420 10,825
16 Deposit 300 11,125
16 Deposit 250 11,375
16 Cheque 135 11,240
18 Cheque – AP – Hakimi Ent. 110 11,130
19 Cheque 50 11,080
20 Cheque 90 10,990
22 Cheque - SKSI 400 10,590
25 Dividend 100 10,690
28 Dishonoured Cheque 700 9,990
28 Cheque 1,000 8,990
30 Credit Transfer 2,000 10,990

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 5 ACC117/ACC106/TEST2/JAN2023

Cash Book (Bank Column)

Date Particulars RM Date Particulars RM
1 Nov Balance b/d 11,800 8 Nov Purchases – Lee Ent. 320
2 Nov Sales – 4x4 Owners Club 2,000 16 Nov Utility bills 90
5 Nov AR - Azam 120 18 Nov AP - Hakimi Ent. 110
13 Nov Sales 300 19 Nov Purchases 50
14 Nov Sales 250 19 Nov Miscellaneous expense 135
21 Nov AP - SKSI 400 20 Nov AP – Ink Supply Sdn Bhd 220
25 Nov Commission 800 28 Nov Salaries 1,000
29 Nov Sales - Aiman 600 30 Nov Balance c/d 14,345
16,270 16,270

Additional information:

1. The amount received from sales – 4x4 Owners Club of RM2,000 was wrongly recorded
by the bank as RM200.

2. The amount of RM400 paid to AP - SKSI was wrongly recorded as receipt in the cash
book (bank column) by the business’s bookkeeper.

Required:

a. Prepare the Adjusted Cash Book for month of November 2022

b. Prepare Bank Reconciliation Statement for month of November 2022

(Total: 15 marks)

END OF QUESTIONS

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL