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    Financial Accounting 3 Tutorial 3 Question 2

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    Soo Hoi Yan
    1) The bank account balance as of April 30, 2019 was RM 30,900. 2) The subscription account balance was RM 1,800 as of April 30, 2019. 3) The bar suppliers account balance was RM 4,100 as of April 30, 2019 with purchases of RM 199,600 during the year. 4) The Kelab Remaja had a deficit of RM 2,360 for the year ended April 30, 2019 with total income of RM 76,220 and expenditures of RM 78,580.

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    Financial Accounting 3 Tutorial 3 Question 2

    Uploaded by

    Soo Hoi Yan
    73 views6 pages
    1) The bank account balance as of April 30, 2019 was RM 30,900. 2) The subscription account balance was RM 1,800 as of April 30, 2019. 3) The bar suppliers account balance was RM 4,100 as of April 30, 2019 with purchases of RM 199,600 during the year. 4) The Kelab Remaja had a deficit of RM 2,360 for the year ended April 30, 2019 with total income of RM 76,220 and expenditures of RM 78,580.

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    1) The bank account balance as of April 30, 2019 was RM 30,900. 2) The subscription account balance was RM 1,800 as of April 30, 2019. 3) The bar suppliers account balance was RM 4,100 as of April 30, 2019 with purchases of RM 199,600 during the year. 4) The Kelab Remaja had a deficit of RM 2,360 for the year ended April 30, 2019 with total income of RM 76,220 and expenditures of RM 78,580.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    73 views6 pages

    Financial Accounting 3 Tutorial 3 Question 2

    Uploaded by

    Soo Hoi Yan
    1) The bank account balance as of April 30, 2019 was RM 30,900. 2) The subscription account balance was RM 1,800 as of April 30, 2019. 3) The bar suppliers account balance was RM 4,100 as of April 30, 2019 with purchases of RM 199,600 during the year. 4) The Kelab Remaja had a deficit of RM 2,360 for the year ended April 30, 2019 with total income of RM 76,220 and expenditures of RM 78,580.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 6

    FINANCIAL ACCOUNTING III

    Tutorial 3 Question 2
    • Tan Hooi Ying
    • Esther Khor Hui Ying
    • Soo Hoi Yan ( Presenter )
    • Sheah Khai Thung
    • Tan Li Tong
    Bank Account
    2018 RM 2019 RM
    April 30 Balance b/d 25,500 April 30 Bar purchases 198,000
    2019   Rental and quit rental 8,400
    April 30 Subscription 31,700   Telephone 600
    Bar Receipts 240,000  Water and Electricity 3,600
    Life Membership Fees 2,800  Postage and Stationery 1,800
    Donation 3,200  Wages and Salaries 55,800
    Interest Received 1,200 Fertilisers and Seed 1,400
    Entrance Fees 800 Sundry Expenses 4,700
    Balance c/d 30,900
    305,200 305,200

    May 1 Balance b/d 30,900

    Bank Balance as at 30 April 2019 is RM 30,900.


    Subscription Account
    2018 RM 2019 RM
    April 30 Balance b/d 1,500 April 30 Bank 31,700
    2019   Balance c/d 1,800
    April 30 Income & Expenditure 32,000 
    33,500  33,500
     
    May 1 Balance b/d 1,800 

    Bar Suppliers Account


    2019 RM 2018 RM
    April 30 Bank 198,000 April 30 Balance b/d 2,500
    Balance c/d 4,100 2019
    April 30 Purchases 199,600
    202,100  202,100
     
     May 1 Balance b/d 4,100
    Bar Trading Account for the year ended 30 April 2019
    RM RM
    Bar Receipts 240,000
    Less: Cost of sales
    Bar Inventories as at 30 April 2018 4,140
    Bar Purchases 199,600
    203,740
    Less: Bar Inventories as at 30 April 2019 (3,560) (200,180)
    Bar Profit 39,820
    Rental and Quit Rent Account
    2018 RM 2018 RM
    April 30 Balance b/d 300 April 30 Balance b/d 900
    2019  2019
    April 30 Bank 8,400 April 30 Income & Expenditure 8,040
    Balance c/d 600  Balance c/d 360
    9,300  9,300
    May 1 Balance b/d 360 May 1 Balance b/d 600

    Petty Cash Account


    2018 RM 2019 RM
    April 30 Balance b/d 700 April 30 Income & Expenditure 400
      Balance c/d 300
    700  700
    2019  
    May 1 Balance b/d 300 
    Kelab Remaja
    Income and Expenditure Account for the year ended 30 April 2019
    RM RM
    Income
    Subscription 32,000
    Bar Profit 39,820
    Donation 3,200
    Interest Received 1,200 76,220

    Less: Expenditure
    Rental and Quit Rent 8,040
    Telephone 600
    Water and Electricity 3,600
    Postage and Stationery 1,800
    Wages and Salaries 55,800
    Fertilisers and Seed 1,400
    Sundry Expenses 4,700
    Traveling 400
    Depreciation of Fixture and Fittings (9,000 x 10%) 900
    Depreciation of Equipment (6,700 x 20%) 1,340 (78,580)
    Deficit (2360)

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