Convincing Features
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Uploaded by Malaysia Assignment Help
Date
The purpose of this assignment is to enhance learners’ understanding of accounting principles and enhance learners’ skills to analyse business transactions and prepare journal entries, trial balances, and financial statements.
You are required to answer ASSIGNMENT 1, 2 and 3. You have to submit ALL assignments ONCE only in a single file. Answer all the questions and show your detailed workings clearly and systematically.
a) Based on each of the following scenarios, determine if it violates the accounting principles or accounting assumptions and support your answer with justification.
(10 marks)
Syarikat Budi was involved in the following transactions during December 2024:
| Date | Transactions |
|---|---|
| December 1 | Started a financial planning services company by investing RM150,000 cash and office equipment of RM50,000. |
| 2 | Purchased RM12,000 of office equipment on credit. |
| 3 | Purchased RM3,000 of office supplies on credit. |
| 4 | Completed service for a client and received a payment of RM9,000 cash. |
| 8 | Completed service for Syarikat Juara on credit amounting to RM17,000. |
| 10 | Paid the supplier for the office equipment purchased on 2 December. |
| 14 | Paid RM9,600 for the annual premium for an insurance policy. |
| 18 | Received payment in full from Syarikat Juara for the service completed on 8 December. |
| 27 | The owner withdrew RM6,500 cash from the company to pay personal expenses. |
| 30 | Paid RM1,750 cash for the utility bills in December. |
| 31 | Received RM20,000 cash from a client for a financial service to be rendered next year. |
You are required to:
a) Prepare journal entries to record all the transactions. (11.5)
b) Prepare the Trial Balance as at 31 December 2024. (3.5)
(15 marks)
The accounts’ balances for Klinik Madihah as at 31 December 2024 are as follows:
| Accounts | Debit RM | Credit RM |
|---|---|---|
| Cash | 11,400 | |
| Accounts receivable | 3,500 | |
| Prepaid insurance | 3,150 | |
| Clinic supplies | 1,250 | |
| Clinic equipment | 10,650 | |
| Accumulated depreciation – Clinic equipment | 4,500 | |
| Clinic premise | 144,750 | |
| Accumulated depreciation – Clinic premise | 14,375 | |
| Land | 138,500 | |
| Wages payable | 2,625 | |
| Interest payable | 2,750 | |
| Notes payable | 127,000 | |
| Capital | 129,650 | |
| Service revenue | 73,000 | |
| Wages expense | 9,000 | |
| Utilities expense | 2,750 | |
| Insurance expense | 2,550 | |
| Maintenance expense | 5,125 | |
| Interest expense | 12,750 | |
| Clinic supplies expense | 3,250 | |
| Depreciation expense – Clinic equipment | 1,500 | |
| Depreciation expense – Clinic premise | 3,775 | |
| Total | 353,900 | 353,900 |
You are required to:
a) Prepare the income statement for the year ended 31 December 2024. (6)
b) Prepare the balance sheet as at 31 December 2024. (9)
(15 marks)
[Total: 30 marks]
Discuss the following topic(s) in the forum and submit proof of your participation in the online discussions:
[Total: 10 marks]
Tujuan tugasan ini adalah untuk mempertingkatkan pemahaman pelajar tentang prinsip perakaunan dan mempertingkatkan kemahiran pelajar untuk menganalisis urus niaga-urus niaga perniagaan dan menyediakan catatan jurnal, imbangan duga dan penyata kewangan.
Anda dikehendaki untuk menjawab TUGASAN 1, 2 dan 3. Anda perlu menghantar SEMUA tugasan dalam satu fail sahaja. Jawab semua soalan dan tunjukkan jalan kerja terperinci anda dengan jelas dan sistematik.
a) Berdasarkan setiap senario berikut, tentukan sama ada ia melanggar prinsip perakaunan atau andaian perakaunan dan sokong jawapan anda dengan justifikasi.
(10 markah)
Syarikat Budi terlibat dalam urus niaga – urus niaga berikut sepanjang bulan Disember 2024:
| Tarikh | Urus niaga – urus niaga |
|---|---|
| Disember 1 | Memulakan sebuah syarikat perkhidmatan perancangan kewangan dengan melaburkan tunai RM150,000 dan peralatan pejabat RM50,000. |
| 2 | Membeli RM12,000 peralatan pejabat secara kredit. |
| 3 | Membeli RM3,000 bekalan pejabat secara kredit. |
| 4 | Menyelesaikan perkhidmatan untuk seorang klien dan menerima bayaran RM9,000 tunai. |
| 8 | Menyelesaikan perkhidmatan untuk Syarikat Juara secara kredit berjumlah RM17,000. |
| 10 | Membayar pembekal untuk peralatan pejabat yang dibeli pada 2 Disember. |
| 14 | Membayar RM9,600 premium tahunan untuk satu polisi insurans. |
| 18 | Menerima bayaran penuh daripada Syarikat Juara bagi perkhidmatan yang diselesaikan pada 8 Disember. |
| 27 | Pemilik mengeluarkan RM6,500 tunai daripada syarikat untuk membayar belanja peribadi. |
| 30 | Membayar tunai RM1,750 bagi bil utiliti dalam Disember. |
| 31 | Menerima RM20,000 tunai daripada seorang klien untuk perkhidmatan kewangan yang akan diberikan tahun depan. |
Anda dikehendaki untuk:
a) Sediakan catatan-catatan jurnal untuk merekodkan semua urus niaga. (11.5)
b) Sediakan Imbangan Duga pada 31 Disember 2024. (3.5)
(15 markah)
Baki-baki akaun bagi Klinik Madihah pada 31 Disember 2024 adalah seperti berikut:
| Akaun-akaun | Debit RM | Kredit RM |
|---|---|---|
| Tunai | 11,400 | |
| Akaun belum terima | 3,500 | |
| Insurans prabayar | 3,150 | |
| Bekalan klinik | 1,250 | |
| Peralatan klinik | 10,650 | |
| Susut nilai terkumpul – Peralatan klinik | 4,500 | |
| Premis klinik | 144,750 | |
| Susut nilai terkumpul – Premis klinik | 14,375 | |
| Tanah | 138,500 | |
| Upah belum bayar | 2,625 | |
| Faedah belum bayar | 2,750 | |
| Nota belum bayar | 127,000 | |
| Modal | 129,650 | |
| Hasil perkhidmatan | 73,000 | |
| Belanja upah | 9,000 | |
| Belanja utiliti | 2,750 | |
| Belanja insurans | 2,550 | |
| Belanja penyenggaraan | 5,125 | |
| Belanja faedah | 12,750 | |
| Belanja bekalan klinik | 3,250 | |
| Belanja susut nilai – Peralatan klinik | 1,500 | |
| Belanja susut nilai – Premis klinik | 3,775 | |
| Jumlah | 353,900 | 353,900 |
Anda dikehendaki untuk:
a) Sediakan penyata pendapatan bagi tahun berakhir 31 Disember 2024. (6)
b) Sediakan lembaran imbangan pada 31 Disember 2024. (9)
(15 markah)
[Jumlah: 30 markah]
Bincangkan topik berikut dalam forum dan serahkan bukti penyertaan anda dalam perbincangan dalam talian:
[Jumlah: 10 markah]
*QN = Question Number / *NS = Nombor Soalan
Do the following:
Laksanakan perkara berikut:
