TABLE OF CONTENTS
.............................................................................................................................................
1.0 Acknowledgement ............................................................................... 3
2.0 Project Background .............................................................................. 4
3.0 Introduction ......................................................................................... 5
4.0 Accounting Transaction ....................................................................... 6-7
5.0 Specialized Journal ............................................................................... 8-9
6.0 Subsidiary Ledgers Account ................................................................ 10-13
7.0 Trial Balance ........................................................................................ 14
8.0 Conclusion ............................................................................................ 15
1
FALCULTY OF MATHEMATICAL AND COMPUTER SCIENCE
SEMESTER 2 2022
ACC406 FUNDAMENTAL FINANCIAL ACCOUNTING & REPORTING
FINAL PROJECT : ACCOUNTING SIMULATION PROJECT
MEMBERS GROUP PROFILE
Name: NURBALQIS FAHADAH TASSNIEM BINTI
Student 1 NOR MOHAMAD
ID: 2021454598
Name: MEGAT MUIZZUDDIN BIN ZAINOL
Student 2
ID: 2021829764
Name: HAZMI AMZAR BIN AZIZZI
Student 3
ID: 2021614264
Name: AHMAD FAEZ BIN TUJUH
Student 4
ID: 2021601126
KHADIJAH BINTI
Lecturer Name SURIA Signature Date
2
ACKNOWLEDGEMENT
.........................................................................................................
First and foremost , we would like to express my sincere gratitude to several individuals and
organizations for supporting us throughout the final project simulation. First, we wish to
express our sincere gratitude to our lecturer, Madam Khadijah Binti Suria, for her enthusiasm,
patience, insightful comments, helpful information, practical advice and unceasing ideas that
have helped us tremendously at all times in our research and writing of this journey. Her
immense knowledge, profound experience and professional expertise in Accounting has
enabled us to complete this research successfully in time given. Without her support and
guidance, this project would not have been possible. we could not have imagined having a
better lecturer in my study.
We also wish to express our sincere thanks to the Universiti Teknologi Mara (UITM) for
accepting us into the graduate program. In addition, we grateful the Faculty of Mathematics
and Computer Science, for allowing us in learning Accounting as additional knowledge.
Finally, we would like to thanked to each group member for giving tremendous support in
accomplish these project within short period .It was such a beautiful journey throughout the
process .
Thanks for all your encouragement!
3
COMPANY BACKGROUND
.........................................................................................................
Business type Sole proprietorship
Owner En. Hazmi Amzar Bin Azizzi
Product Footwear
Type Of Goods Sold Sneakers , wedges , heels , boots , sandals , etc
Business name Step By Mata
Location P23-L1/1 , Seksyen 7 , Shah Alam , 40000 , Selangor
Capital RM40,000
4
INTRODUCTION
.........................................................................................................
En. Hazmi established "Step By Mata" in 2018. He opened his own dream shoe store, with the
headquarters in Seksyen 7, Shah Alam, after cooping for more than 4 years in the business and
management fields. The company specializes in providing shoes for people of all ages,
including sandals, sneakers, wedges, heels, and more. By April 2018, En Hazmi began running
the company by himself. These small businesses want to meet all of their customers' demands
and requirements when they purchase the right footwear for them. Considering the
advancement of rivals in the same industry and the economic climate of Malaysia's current
market, En Hazmi wants to become a well-known footwear brand on a global scale. With the
development of a whole market and product system, the superior product quality and great
customer service can ensure our customers' competitiveness and deliver the best value in terms
of both goods and services. The transaction was planned to take place in April 2018. En. Hazmi
contributes RM 40,000 into the business in April 2018 and the business transaction continue
through the end of the month. The financial year of the business ends in April 2019.
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ACCOUNTING TRANSACTIONS
.........................................................................................................
APRIL TRANSACTIONS
2018
2 contributions of capital by the owner of the business
1 En. Hazmi brought in RM40,000 into the business bank account to commerce the
business.
3 En. Hazmi contributed his personal computer worth RM3,000 into the business
3 credit purchases (PJ)
5 Purchased RM2,000 worth of women wedges from Batee Factory on credit
7 Bought RM5,000 of sneakers on credit from Foot Outlet
8 Purchased RM1,000 worth of heels on credit from LadiesChoice.
1 cash purchase (CPJ)
9 Paid RM 5,000 cash for 5 pair of limited-edition shoes purchased from Jordan
Store
3 credit sales (SJ)
10 Issued an invoice of RM3,300 for selling goods to Shoezz .
11 Received sales worth RM800 from Hakimi on credit
14 Sold goods worth RM4,000 to Puan Lee on credit.
1 cash sale (CRJ)
15 Received RM400 cash from Foot Outlet for goods purchase.
2 purchases of non-current assets (ON CREDIT ( GJ)
17 En. Hazmi purchased a display shoe rack from [Link] amounting RM6,000 on
credit.
18 Bought a motor vehicle from AMotor for RM10,000 on credit.
2 payments to creditors (CPJ ):
19 Paid RM 2,000 to Batee Factory on amount due by cheque
20 En. Hazmi paid RM 3,000 to Foot Outlet for full payment by cash.
2 payments by receivables (CRJ):
21 Shoezz made payment of RM3,300 due to goods purchase by cheque.
22 Puan Lee made payment worth RM4,000 for the sales sold by cash.
1 transaction on payment of expenses (CPJ):
24 Paid electricity bills amounted to RM 600 by cash.
6
1 transaction on revenue received (CRJ):
25 Received RM800 for rental income from H.A Holding with online transfer.
1 transaction on non-current liability (CRJ):
26 Owner received a loan from AIA Bank worth RM30,000.
2 Drawings (goods and cash) by the owner (GOOD-GJ) (CASH-CPJ):
27 En. Hazmi took a pair of shoes amounting RM 400 to be given to his friend as a
gift
28 En. Hazmi withdraw RM 300 cash for his personal use
1 transaction on sales return (SRJ):
29 Hakimi returned a pair of shoes worth RM 350 due to wrong size
1 transaction on purchases return (PRJ):
30 Return 2 defective shoes worth RM 2,000 to Jordan Store .
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SPECIALIZED JOURNAL
.........................................................................................................
CASH RECEIPT JOURNAL
DATE PARTICULAR CASH (RM) BANK (RM)
1 Capital 40,000
15 Foot Outlet 400
21 Shoezz 3,300
22 Puan Lee 4,000
25 Rental income 800
26 Loan 30,000
CASH PAYMENT JOURNAL
DATE PARTICULAR CASH (RM) BANK (RM)
9 Purchase 5,000
19 Batee Factory 2,000
20 Foot Outlet 3,000
24 Electricity bills 600
28 Drawing 300
GENERAL JOURNAL
DATE PARTICULARS DEBIT (RM) CREDIT (RM)
3 Computer 3,000
Capital 3,000
17 Display shoe rack 6,000
[Link] 6,000
18 Motor vehicle 10,000
AMotor 10,000
27 Drawing 400
8
Purchase 400
SALES JOURNAL
DATE PARTICULARS AMOUNT (RM)
10 Shoezz 3,300
11 Hakimi 800
14 Puan Lee 4,000
PURCHASE JOURNAL
DATE PARTICULARS AMOUNT (RM)
5 Batee Factory 2,000
7 Foot Outlet 5,000
8 LadiesChoice 1,000
SALES RETURN / RETURN INWARDS JOURNAL
DATE PARTICULARS AMOUNT (RM)
29 Hakimi 350
PURCHASE RETURN / RETURN OUTWARDS JOURNAL
DATE PARTICULARS AMOUNT (RM)
30 Jordan Store 2,000
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SUBSIDIARY LEDGERS ACCOUNT
.........................................................................................................
BANK
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 1 Capital 40,000
2018 April 19 Batee Factory 2,000
2018 April 21 Shoezz 3,300
2018 April 25 Prental income 800
2018 April 26 Loan 30,000
72,100
DR
CAPITAL
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 1 Bank 40,000
2018 April 3 Computer 3,000
43,000
CR
COMPUTER
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 3 Capital 3,000 3,000
DR
PURCHASE
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 5 Batee Factory 2,000
2018 April 7 Foot Outlet 5,000
2018 April 8 LadiesChoice 1,000
2018 April 9 Cash 5,000
2018 April 27 Drawing 400 12,600
DR
BATEE FACTORY
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 5 Purchase 2,000
2018 April 19 Bank 2,000
0
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FOOT OUTLET
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 7 Purchase 5,000
2018 April 20 Cash 3,000 2,000
CR
LADIESCHOICE
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 8 Purchase 1,000 1,000
CR
CASH
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 9 Purchase 5,000
2018 April 15 Sales 400
2018 April 20 Foot Outlet 3,000
2018 April 22 Puan Lee 4,000
2018 April 24 Electricity bills 600
2018 April 28 Drawing 300
2018 April 30 Purchase return 2,000
2,500
CR
SHOEZZ
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 10 Sales 3,300
2018 April 21 Bank 3,300
0
SALES
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 10 Shoezz 3,300
2018 April 11 Hakimi 800
2018 April 14 Puan Lee 4,000
2018 April 15 Cash 400
8,500
CR
HAKIMI
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DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 11 Sales 800
2018 April 29 Sales Return 350
450
DR
PUAN LEE
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 14 Sales 4,000
2018 April 22 Cash 4,000
0
RACK
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 17 [Link] 6,000 6,000
DR
[Link]
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 17 Rack 6,000 6,000
CR
MOTOR VEHICLE
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 18 AMotor 10,000 10,000
DR
AMOTOR
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 18 Motor Vehicle 10,000 10,000
CR
ELECTRICITY
BILLS
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 24 Cash 600 600
DR
RENTAL INCOME
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 25 Bank 800 800
CR
LOAN
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
12
2018 April 26 Bank 30,000 30,000
CR
DRAWING
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 27 Purchase 400
2019 April 28 Cash 300
700
DR
SALES RETURN
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 29 Hakimi 350 350
DR
PURCHASE RETURN
DATE PARTICULARS DEBIT (RM) CREDIT (RM) BALANCE (RM)
2018 April 30 Cash 2,000 2,000
CR
13
TRIAL BALANCE
.........................................................................................................
STEP BY MATA
TRIAL BALANCE AS AT 30 APRIL 2018
Accounts Debit(RM) Credit(RM)
BANK 72,100
CAPITAL 43,000
COMPUTER 3,000
PURCHASE 12,600
FOOT OUTLET 2,000
LADIESCHOICE 1,000
CASH 2,500
SALES 8,500
HAKIMI 450
RACK 6,000
[Link] 6,000
MOTOR VENICLE 10,000
AMOTOR 10,000
ELECTRICITY BILLS 600
RENTAL INCOME 800
LOAN 30,000
DRAWING 700
SALES RETURN 350
PURCHASE RETURN 2,000
TOTAL : 105,800 105,800
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CONCLUSION
.........................................................................................................
Starting the project was initially quite difficult because nearly none of the members of
our group had even rudimentary knowledge of accounting. However, because we moved
carefully, we were able to complete it. We can currently examine every transaction and
categorise it according to the correct accounting categories. We are also capable of recognizing
all 7 varieties of journals and creating the subsidiary ledgers. Next, we understand how to build
a trial balance. These are all essential components of accounting in general, and we will
undoubtedly benefit from them in the near future. Additionally, we learned how to categories
each transaction in Microsoft Excel's subsidiary ledger. We may then enter the transactions
into the trial balance after doing this. At first , We initially received a variety of various values
for both the side credit and debit. However, we were able to acquire a balance amount in the
trial balance with the aid of our lecturer. Along with all of these other things, this group project
also showed us the importance of constantly working as a team. To do this, we must constantly
communicate with one another in order for everything to go well and for there to be no
misinterpretations of the message. We also discovered the need of being considerate of one
another because hardships can occur to anyone at any time, and when they do, we must support
one another in getting through them. In conclusion, we have learnt a lot from working on this
group project, and there are many things we can apply going forward. We have gained a lot of
lessons while working on this collaborative project, to sum it up.
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