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    Acc Test 2

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    ACC TEST 2 (1)

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    Acc Test 2

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    CONFIDENTIAL 1 ACC117/ACC106/TEST2/JAN2022

    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 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 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

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