DPA1013 Accounting Sarawak 2014

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PA101 : FUNDAMENTAL FUNDAMENTAL OF ACCOUNTING

SECTION B : 80 MARKS

BAH AGI AN B : 80 80 MARKAH INSTRUCTION:  ALL. This section consists of THREE (3) structured questions. Answer  ALL

 AR A H A N:  Bahagian ini mengandungi mengandungi TI GA (3) (3)  soalan berstruktur. Jawab semua soalan.

CLO1 C3

QUESTION 1

The following are the transactions for MALUKAS Ent for the month of April 2012. Beginning balance for Bank RM 10 000, Account Payables RM28 000 and Account Receivables RM 18 000 April 1

Sold goods on credit RM1,600.

7

Paid creditors by cheque RM 1,500.

10

Paid utility bills by cheque RM 300.

11

Sold goods, received RM5,000 cash.

12

Received RM800 cheque from debtor.

20

Paid rent RM270 by cheque.

27

Paid wages RM700 by cash.

29

Owner took RM500 cash for his personel used.

You are required to prepare : a) All the relevan ledger accounts.

[20 marks]

 b) The trial balance as at 30 April 2012.

[10 marks]

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CLO1 C3

PA101 : FUNDAMENTAL OF ACCOUNTING

SOALAN 1

 Berikut merupakan transaksi bagi MALUKAS Ent pada bulan April 2012.  Baki awal Bank RM 10 000, Pemiutang RM28 000 dan Penghutang RM 18 000.  April

1

Jualan secara kredit RM1,600.

7 

 Bayar kepada pemiutang dengan cek RM 1,500.

10

Bayar bil utiliti dengan cek RM 300.

11

Jualan barang dan terima tunai RM5,000.

12

Terima cek RM800 daripada penghutang.

20

Bayar sewa RM270 dengan cek.

27

Bayar upah pekerja secara tunai RM700.

29

Pemilik perniagaan mengambil tunai RM500 untuk kegunaan sendiri.

 Anda dikehendaki menyediakan : a) Semua akaun lejar yang berkaitan.

[20 mark]

b)  Imbangan Duga pada 30 April 2012.

[10 mark]

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PA101 : FUNDAMENTAL OF ACCOUNTING

QUESTION 2

The following trial balance was taken from the book of Tomey Trading on 31 October 2012. Motor Vehicles Provision for depreciation for motor vehicles Fixtures and fittings Cash Bank Inventory Loan-Neeta Account Receivables & Account Payables Capital Provision for doubtful debts Sales & Purchases Discounts Returns Freight Electricity & water Salary Drawings Insurance Motor vehicle repair expenses

Dt (RM) 49,400

Kt (RM)

26,200 12,800 3,600 4,900 31,250 28,500

130,000 2,700 700 1,100 1,500 23,100 1,400 400 500 291,850

19,700 28,400 13,500 2,750 200,000 1,300

291,850

Additional information: i)

Closing inventory is RM21, 500.

ii)

The depreciation rate for motor vehicle is 25% on cost, while a fixtures fitting is 10% on reducing balance method.

iii)

Bad debts of RM700 are written off and the provision for doubtful debts is 5% on Account Receivables.

iv)

1/3 of freight charges are for freight inwards.

v)

Interest 5% per annum on loan: Neeta is still outstanding.

vi)

Insurance paid includes personal insurance of RM100.

vii)

Electricity and water bill for the month of October of RM100 are still not  paid.

viii)

Advanced discount revenue of RM200.

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CLO1 C3

CLO1 C1

PA101 : FUNDAMENTAL OF ACCOUNTING

You are required to prepare: a) Statement Of Comprehensive Income for the year ended 31 October 2012. [14 marks]  b) Statement Of Financial Position as at 31 October 2012. [11 marks] c) Give THREE (3) effects if revenue expenditure recorded as capital expenditure. [ 3 marks] d) Give TWO (2) examples of accrued revenues.

14

[2 marks]

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PA101 : FUNDAMENTAL OF ACCOUNTING

 SOALAN 2 (30 markah)  Berikut adalah imbangan duga yang diambil dari buku Tomey Trading pada 31 Oktober 2012. Dt (RM)  Kenderaan Bermotor    Peruntukan susutnilai kenderaan bermotor  Lekapan & Kelengkapan  Tunai   Bank    Inventori   Pinjaman-Neeta   Penghutang & Pemiutang   Modal    Peruntukan Hutang Ragu   Jualan & Belian  Diskaun  Pulangan   Angkutan   Elektrik & air   Gaji   Ambilan   Insurans   Belanja pembaikan kenderaan bermotor  

Kt (RM)

49,400 26,200 12,800 3,600 4,900 31,250 28,500

130,000 2,700 700 1,100 1,500 23,100 1,400 400 500 291,850

19,700 28,400 13,500 2,750 200,000 1,300

291,850

 Maklumat tambahan: i)

 Inventori akhir ialah RM21, 500

ii)  Kadar susutnilai untuk kenderaan bermotor ialah 25% atas kos, manakal  lekapan dan kelengkapan ialah 10% atas kaedah baki berkurangan iii)  Hutang Lapuk RM700 dihapuskan dan peruntukan hutang ragu ialah 5% atas penghutang  iv) 1/3 daripada caj angkutan ialah caj angkutan masuk  v)  Faedah atas pinjaman ialah 5% setahun: Neeta masih lagi tidak dibayar  vi)  Insurans dibayar termasuk insurans peribadi sebanyak RM100 vii)  Elektrik dan air untuk bulan October RM100 masih belum dibayar  viii) Pendahuluan diskaun diterima sebanyak RM200

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CLO1 C3

CLO1 C1

PA101 : FUNDAMENTAL OF ACCOUNTING

 Anda dikehendaki untuk menyediakan: a)  Penyata Pendapatan Komprehensif bagi tahun berakhir 31 Oktober 2012. [14 markah] b)  Penyata Kedudukan Kewangan pada 31 Oktober 2012. [11 markah] c)  Beri TI GA (3)  kesan sekiranya perbelanjaan hasil direkod sebagai perbelanjaan modal . [3 markah] d)  Beri DUA (2) contoh hasil terakru. [2 markah]

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CLO1 C1

PA101 : FUNDAMENTAL OF ACCOUNTING

QUESTION 3

a)

Give TWO (2) importance of Control Account.

[2 marks]

 b)

The information is taken from the book of NFA Enterprise for the year ended 31 December 2012. RM Jan 1 Debit balance in sales ledger

45,280

Credit balance in sales ledger

380

Debit balance in purchase ledger

540

Credit balance in purchase ledger

38,700

In the year 2012, the following transaction occurred :

Payment from Account receivables by cheque

20,600

Payment to Account payables by cheque

25,000

Credit sales

54,250

Cash sales

15,780

Credit purchase

43,000

Cash purchase

21,400

Discount allowed

2,450

Discount received

3,200

Return inwards

3,640

Return outwards

2,700

Bad debt

1,400

Bad debt recovered

850

Dishonored cheque

13,200

Dec 31 Credit balance in sales ledger

780

Debit balance in purchase ledger

260

You are required to prepare:

CLO1 C3

i.

Sales Ledger Control Account

[10 marks]

ii.

Purchase Ledger Control Account

[8 marks]

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PA101 : FUNDAMENTAL OF ACCOUNTING

 SOALAN 3 CLO1 C1

a)

 Berikan DUA (2) kepentingan Akaun Kawalan

 b)

 Maklumat berikut diperolehi daripada buku NFA Enterprise untuk tahun berakhir

[2 markah]

31 Disember 2012. RM Jan 1  Baki debit dalam lejar jualan 

45,280

 Baki kredit dalam lejar jualan 

380

 Baki debit dalam lejar belian

540

 Baki kredit dalam lejar belian 

38,700

 Dalam tahun 2012, transaksi di bawah telah berlaku :  Bayaran daripada penghutang dengan cek

20,600

 Bayaran kepada pemituang dengan cek

25,000

 Jualan kredit

54,250

 Jualan tunai

15,780

 Belian kredit

43,000

 Belian tunai

21,400

 Diskaun diberi

2,450

 Diskaun diterima

3,200

 Pulangan masuk

3,640

 Pulangan keluar

2,700

 Hutang lapuk

1,400

 Hutang lapuk pulih

850

Cek batal

CLO1 C3

13,200

Dec 31  Baki kredit dalam lejar jualan 

780

 Baki debit dalam lejar belian 

260

 Anda dikehendaki menyediakan : i.

 Akaun Kawalan Penghutang

ii.

 Akaun Kawalan Pemiutang

[10 markah]

 [ 8 markah]

END OF QUESTIONS SOALAN TAMAT 18

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