PMM/JH/H1002/SESI JANUARI 2009
ARAHAN:
Bahagian ini mengandungi ENAM (6) soalan esei. Anda dikehendaki
menjawab EMPAT (4) soalan sahaja. Jawapan anda mestilah terang dan
jelas. Semua jawapan hendaklah ditulis di atas kertas jawapan yang
disediakan
Soalan 1
a)
Kenalpasti prinsip perakaunan yang manakah yang sesuai untuk menerangkan
item di bawah.
i.
New
Hampshire
Corporation
melaporkan
hasil
dalam
penyata
kewangannya apabila ia diperolehi untuk menggantikan tunai yang
diperolehi.
ii.
Vermont Enterprise mengiktirafkan belanja susutnilai untuk mesin bagi
tempoh selama lebih daripada lima tahun sepanjang mesin tersebut
membantu syarikat mengeluarkan hasil.
iii.
Massachusetts,
Inc.
melaporkan
maklumat
tentang
keputusan
perbicaraan yang ditunggu dalam nota penyata kewangan.
iv.
Rhode Island Farms melaporkan tanah ke dalam kunci kira-kiranya pada
nilai yang dibayar untuk memperolehnya, walaupun dijangkakan nilai
pasarannya lebih banyak. .
(4 markah)
PMM/JH/H1002/SESI JANUARI 2009
b)
Apakah prinsip perakaunan yang Accra Co. Gunakan di dalam setiap situasi di
bawah
i.
Accra Co. menggunakan kos yang rendah atau pada harga pasaran
untuk menilai inventori.
ii.
Accra terlibat dalam dakwaan dengan Kinshasa Co. kerana produk yang
rosak. Dakwaan ini telah dibongkarkan dalam penyata kewangan.
iii.
Accra memperuntukkan kos asset yang disusutnilaikan pada hayat yang
dijangka hasil akan diterima daripada aset tersebut.
iv.
Accra merekod belian computer IBM yang baru pada harga tunai yang
sama.
(4 markah)
c)
Terangkan prinsip asas perakaunan berikut:
i.
Historical cost principle
ii.
Matching principle
iii.
Full disclosure principle
(6 markah)
PMM/JH/H1002/SESI JANUARI 2009
d)
Untuk setiap item di bawah, tentukan kategori bagi eleman penyata kewangan:
i.
Modal
ii.
Jualan
iii.
Inventori
iv.
Belian
v.
Rugi atas jualan kelengkapan
vi.
Faedah
vii.
Dividen
viii.
Untung atas jualan
ix.
Pemiutang
x.
Hasil komisen
xi.
Tanah
(11 markah)
[ 25 MARKAH ]
PMM/JH/H1002/SESI JANUARI 2009
a)
Identify which basic principle of accounting is best described in each item below.
i.
New Hampshire Corporation reports revenue in its income
statement when it earned instead of when the cash is
collected.
ii.
Vermont Enterprise recognizes depreciation expense for a
machine over the five-year period during which that machine
helps the company earn revenue.
iii.
Massachusetts,
Inc.
reports
information
about
pending
lawsuits in the notes to its financial statements.
iv.
Rhode Island Farms reports land on its balance sheet at the
amount paid to acquire it, even then though the estimated fair
market value is greater.
(4 marks)
b)
What accounting principle does Accra Co. use in each of the situations below?
i.
Accra Co. uses the lower of cost or market basis to value
inventories.
ii.
Accra was involved in litigation with Kinshasa Co. over a
product malfunction. This litigation is disclosed in the financial
statements.
iii.
Accra allocates the cost of its depreciable assets over the life it
expects to receive revenue from these assets.
iv.
Accra records the purchase of a new IBM PC at its cash
equivalent price.
(4 marks)
).
Explain the application of the basic principles of accounting:
i.
Historical cost principle
PMM/JH/H1002/SESI JANUARI 2009
ii.
Matching principle
iii.
Full disclosure principle
(6 marks)
d)
For each item below, indicate to which category of elements of financial
statements it belongs:
i.
Capital
ii.
Sales
iii.
Inventory
iv.
Purchase
v.
Loss on sale of equipment
vi.
Interest
vii.
Dividends
viii.
Gain on sale
ix.
Creditor
x.
Commission revenue
xi.
Land
(11 marks)
PMM/JH/H1002/SESI JANUARI 2009
Soalan 2
Berikut adalah urusniaga di dalam Buku Tunai Syarikat Indah Sdn Bhd. untuk bulan Mac
2007.
2007
Mac
1
Baki-baki akaun dari bulan lepas:
Baki tunai di kedai RM520
Baki tunai di bank RM32,550
3
Belian barangniaga dengan cek RM1,050.
4
Mengeluarkan cek RM200 sebagai pinjaman peribadi kepada
Haris.
6
Mengeluarkan cek untuk kegunaan kedai RM620.
7
Jualan tunai RM420.
8
Membayar
menjelaskan
Syarikat
Hartamas
hutangnya
yang
dengan
cek
berjumlah
RM520
RM600,
untuk
setelah
memberinya diskaun tunai.
11 Menerima cek daripada Kamal untuk menjelaskan hutangnya yang
berjumlah RM542, dengan memberikannya diskaun tunai RM30.
15 Menerima faedah atas simpanan tetap dengan cek RM220.
16 Hazran, seorang pelanggan, membayar cek RM288 untuk
menjelaskan semua hutangnya sebanyak RM320 dan memberinya
diskaun tunai RM32.
18 Cek yang telah dibayar oleh Kamal pada 11 Mac dipulangkan oleh
PMM/JH/H1002/SESI JANUARI 2009
bank kerana tidak laku.
24 Mengeluarkan cek RM21,000 untuk membeli sebuah van terpakai
untuk kegunaan perniagaan.
26 Jualan tunai RM738, RM520 dibankkan dan bakinya disimpan di
kedai.
28 Membayar belanja am dengan tunai RM262.
29 Membayar gaji pekerja dengan cek RM1,250.
30 Mengeluarkan tunai di bank untuk kegunaan kedai RM420.
Anda dikehendaki menyediakan Buku Tunai Syarikat Indah pada akhir bulan Mac 2007.
(25 MARKAH)
The following are transactions in the Cash Book of Syarikat Indah Sdn Bhd for March
2007:
2007
March 1
Balances brought down from last month:
Cash in hand RM520
Cash in bank
RM32,550
3
Bought goods paying by cheque RM1,050.
4
Issued cheque RM200 to Haris as personal loan.
6
Issued cheque for business purpose RM620.
PMM/JH/H1002/SESI JANUARI 2009
7
Cash sales RM420.
8
Paid Syarikat Hartamas by cheque RM520 to settle his total debt of
RM600, after deducting cash discount.
11 Received cheque from Kamal to settle his total debt of RM542,
after deducting RM30 cash discount.
15 Received intetest on Fixed Deposit by cheque RM220.
16 Hazran is a debtor, paid RM288 by cheque to settle his total debt of
RM320, after deducting RM32 cash discount.
18 The cheque received from Kamal on 11 March was returned by
bank because of dishonoured cheque.
24 Issued cheque RM21,000 to buy used motorvan for business use.
26 Cash sales RM738, RM520 have been bank-in while the balance
was for business use.
28 Paid general expenses by cash RM262.
29 Paid salaries by cheque RM1,250.
30 Withdrew RM420 cash from bank for business use.
You are required to prepare Cash Book for Syarikat Indah as at the end of March 2007.
(25 MARKS)
PMM/JH/H1002/SESI JANUARI 2009
Soalan 3
The below transactions is in the Pioneer Advertising Agency for the month of October
2010. You must prepare the first entry bookkeeping, post to the ledger and then prepare
a trial balance end 31 October 2010.
2010
Oct
1
R. Kelly invests RM10, 000 cash in an advertising venture to be known as
the Pioneer Advertising Agency
1
Office equipment costing RM5, 000 is purchased by signing a 3 – month,
12% RM5, 000 note payable
2
RM1, 200 cash advance is received from R, Knox, a client, for advertising
services that are expected to be completed by December 31
3
Office rent for October is paid in cash, RM900
4
RM600 is paid for a one year insurance policy that will expire next year on
September 30
5
An estimated 3 month supply of advertising materials is purchased on
account from Aero Supply for RM2, 500
9
Hire four employees to begin work on October 15. Each employee is to
receive a weekly salary of RM500 for a 5-day work week, payable every 2
weeks-first payment made on October 26
20
R. Kelly withdraws RM500 cash for personal use
26
Employee salaries of RM4, 000 are owed and paid in cash
31
Received RM10, 000 in cash from Copa Company for advertising
services provided in October
[25 marks]
PMM/JH/H1002/SESI JANUARI 2009
Soalan 4
Rekodkan urusniaga berikut ke dalam Buku Tunai dan imbangkannya bagi bulan
berakhir pada 30 April 2006.
2006
RM
April
1
Wang tunai di tangan
2,900
Wang tunai di bank
3,050
2
Bayar kos pengangkutan secara tunai
75
4
Jualan secara kredit kepada Halijah
180
5
Beli perabot dengan cek
980
7
Beli barangan secara tunai
630
10
Jualan yang dibayar dengan cek
1,540
12
Mengambil komputer untuk kegunaan anak
2,100
15
Membeli barangan secara cek
440
19
Membayar premium insurans kenderaan syarikat dengan cek
2,200
20
Menerima bayaran tuntutan secara tunai
275
21
Menjual kelengkapan kedai dengan cek
1,400
22
Jualan tunai kepada Maniam
500
23
Membeli alatan pejabat secara tunai
705
24
Menjual barangniaga secara kredit kepada Adinda
520
25
Bayar kos guaman secara tunai
670
26
Bayar bil elektrik dan air secara tunai
95
28
Terima dividen daripada bank dengan cek
106
29
Bayar gaji pekerja dengan cek
1,700
Bayar sewa pejabat dengan tunai
380
Mengeluarkan tunai RM 300 dan cek RM 560 untuk kegunaan
30
sendiri
(25 markah)
PMM/JH/H1002/SESI JANUARI 2009
Please recording the below transactions in the Cash Book and make a balance for
the month end, 30th April 2006.
2006
RM
April
1
Cash in hand
2,900
Cash in bank
3,050
2
Paying cost of transport on cash
75
4
Credit sales to Halijah
180
5
Purchase of furniture, paid by cheque
980
7
Purchase of goods, paid by cash
630
10
Sales of goods, paid by cheque
1,540
12
Withdraws a computer for children use
2,100
15
Purchase of goods, paid by cheque
440
Paying insurance premium of company transport, paid by
19
cheque
2,200
20
Receipt claim on cash
275
21
Sales of business equipment on cheque
1,400
22
Cash sales to Maniam
500
23
Purchase of office equipment, paid by cash
705
24
Credit sales of goods to Adinda
520
25
Paying to lawyer, paid by cash
670
26
Paying electrical and water bill, paid by cash
95
28
Receipt dividend form bank with cheque
106
29
Paying of workers’ salary on cheque
1,700
Paying of office rental on cash
380
30
Withdraws cash RM 300 and cheque RM 560 for personal use
[25 marks]
PMM/JH/H1002/SESI JANUARI 2009
Soalan 5
Berikut adalah Imbangan Duga yang diambil daripada buku Perniagaan Fandi
pada 31hb Disember 2008
RM
Modal
84,800
Belian
66,600
Jualan
98,800
Pulangan Masuk
500
Pulangan Keluar
400
Gaji dan Upah
12,000
Alat Tulis
1,200
Duti Import
1,100
Insuran Import
1,400
Utiliti
1,600
Penyelenggaraan Van Penghantaran
700
Komisen Diterima
2,500
Premis
70,000
Alatan Pejabat
3,000
Tunai
700
Overdraf Bank
1,900
Stok(1 Januari 2008)
10,000
Ambilan
3,100
Pengiklanan
4,800
Peruntukan Hutang Ragu
300
Penghutang
10,200
Pemiutang
15,000
Hutang Lapuk
400
Van Penghantaran
16,600
Maklumat tambahan :
PMM/JH/H1002/SESI JANUARI 2009
1. Stok pada 31 Disember 2008 bernilai RM 20,000.
2. Komisen belum lagi diterima berjumlah RM500.
3. Hutang lapuk telah dikenalpasti daripada penghutang Sani sebanyak
RM550.
4. Peruntukan hutang ragu telah diwujudkan sebanyak 5% daripada jumlah
penghutang
5. Van Penghantaran hendaklah disusutnilaikan sebanyak 20% setahun atas
kos.
6. Belanja Pengiklanan Prabayar adalah sebanyak RM800.
Anda dikehendaki menyediakan :
a) Akaun Perdagangan & Akaun Untung Rugi bagi tahun berakhir 31hb
Disember 2008
b) Kunci Kira-kira pada tarikh tersebut.
( 25 Markah )
The following Trial Balance is extracted from the book of Fandi bussiness as at 31
December 2008
RM
Capital
84,800
Purchase
66,600
Sales
98,800
Return outwards
500
Return inwards
400
Salaries & Wages
12,000
Stationery
1,200
Import Duty
1,100
Insurance on imports
1,400
PMM/JH/H1002/SESI JANUARI 2009
Utility
1,600
Maintenance for Delivery van
700
Commission received
2,500
Premises
70,000
Office Equipment
3,000
Cash
700
Bank overdraft
1,900
Stock (1 January 2008)
10,000
Drawings
3,100
Advertising
4,800
Provision for doubtful debts
300
Debtors
10,200
Creditors
15,000
Bad debts
400
Delivery van
16,600
Additional information :
1. Stock on 31 December 2008 was valued RM 20,000.
2. Commission not yet received amounted RM500.
3. Debt of RM550 owed by Sani to be written off as bad debt.
4. Provision for doubtful debts is to be adjusted to 10% of the debtors.
5. Delivery van is to be depreciated at 20% on cost.
6. Prepaid advertising amounted to RM800.
You are required to prepare the :
a) Trading, Profit and Account for the year ended
a) Balance Sheet as at 31 December 2008
( 25 Marks )
PMM/JH/H1002/SESI JANUARI 2009
Soalan 6
a)
Senaraikan LIMA (5) sebab berlakunya perbezaan di antara baki Buku Tunai
dengan baki Penyata Bank.
(5 markah)
b)
Buku Tunai Syarikat Sugeh Trading menunjukkan baki kredit sebanyak RM
980 pada 31 hb Mei 2007. Baki Penyata Bank yang diterima menunjukkan
perbezaan amaun disebabkan oleh perkara berikut :
(i)
Faedah atas overdraf RM 58 masih belum direkodkan di dalam Buku
Tunai.
PMM/JH/H1002/SESI JANUARI 2009
(ii)
Cek yang dibayar sebanyak RM 1,000 kepada A Bee and RM 1,720
kepada C Dee masih belum dikemukakan kepada bank.
(iii)
Dividen RM 150 diterima terus oleh bank.
(iv)
Cek tak laku sebanyak RM 570 telah dipulangkan oleh bank. Tiada
catatan dalam buku tunai
(v)
Cek-cek berikut masih belum dikreditkan oleh bank :
(vi)

Kamala RM 660

Putri
RM 320
Perkara-perkara berikut ada dalam Penyata Bank tetapi tiada catatan
dalam Buku Tunai.

Caj Bank RM 25

Faedah atas simpanan tetap RM 380

Bayaran langsung oleh bank RM 350 kepada Maju Mundur
Sdn. Bhd.bagi pihak Syarikat Sugeh Trading.
(vii)
Bayaran dengan cek sebanyak RM 280 kepada Encik Faizy telah
tersalah catat sebagai RM 208.
Anda dikehendaki :
i)
Mengemaskini Buku Tunai
ii) Menyediakan Penyata Penyesuaian Bank pada 31hb Mei 2007 dengan
mengambilkira baki Buku Tunai yang telah diselaraskan.
(20 markah)
[25 markah]
a) List FIVE (5) reasons for discrepancy between Cash Book Balance and Bank
Statement Balance.
(5 marks)
b) The Cash Book of Sugeh Trading showed an amount of RM 980 overdrawn from
the bank as at 31st May 2007. The Bank Statement received showed a different
amount because of the following reasons :
i)
Interest of RM 58 on overdraft had not been recorded in the Cash book.
PMM/JH/H1002/SESI JANUARI 2009
ii)
Cheques totalling RM 1,000 to A Bee and RM 1,720 paid to C Dee were
not presented to the bank.
iii)
Dividend of RM 150 was received directly by the bank.
iv)
Dishonoured cheque for RM 570 was returned by the bank. The cash
book did not have such a record.
v)
vi)
The following cheques had not been credited by the bank :

Kamala RM 660

Putri
RM 320
The following records appeared in the Bank Statement but NOT in the
Cash Book.

Bank charges RM 25

Interest on fixed deposit RM 380

Direct payment of RM 350 to Maju Mundur Sdn. Bhd. made by
the bank on behalf of Sugeh Trading.
vii)
Payment of RM 280 to Mr. Faizy made by cheque was wrongly recorded
in the Cash Book as RM 208.
You are required to :
(i)
Update the Cash Book.
(ii)
Prepare a Bank Reconciliation Statement as at 31st May 2007 using the
amended Cash Book balance.
(20 marks)
[25 marks]