CASE STUDY

Mr Anuar is the owner of Nuwa Enterprise. He's setting up Nuwa Enterprise on 28 February 2010 and
commenced business on 1'March 2010. Before he started selling anything, he bought a potor vehicle for
.RM 5,5q0
office equipment RM 4,000, building RM 200 000 and inventory of goods RM 30 000. The
business also gave loans to Ali RM 3 000, Azlan RM 5 000, and Amir RM 6 000.

He has not pay in full for the inventory and because of that, the business owes the following suppliers;
Mj.za_RM 5 450, Jg!1a RM 3 500 and N.orma RM 1 500. He also has a loan with MBB Bankwotlh RM 150
OOO anO neiore trading starts, he has RM 3 500 cash and 25 5058.95 kept in the bank.
"RM
.: _A..re -l *1, .fn.-t
Below is the transaction for the month of March after the business took place:-

5.3.2010

. lssued invoices no23201to Hashim RM 1,240 and no 23202 to Malik RM 760.

. Transfered RM 200 to put in the cash till,

. Purchased computer by cash RM 1,500 by cheque.

. Paid for stamps and envelope RM 15.90 from petty cash.

8.3.2010

o Received invoice no 450 from Julia RM 1 300, invoice.no N890 from Norma wofth

RM 1 700 and from Miza invoice no RM 2 870. ,.,.., t

:, .

. One of the cusromer paid in cash for the goods she purchased wotlh RM 5 430.

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 '11'90 from puljy
. Paid mileage claim to the office boy RM "?th
. Paid utilities bill bY cash RM 200

. lssued receipt no 1 89C for the RM 3 000 cash sales'

11.3.2010

lssud credltnote no CN 2341 to Hashim worth RM

53!
' \.,....0.,
decided to return it back tb Julia RMi00
" Because the bad quality of the stock, business '"b,frg!^
. lssued invSlce no 23203 to Azlan RM 1 230'

.Paidthefollowingbycheque,ineachcasededucling2%cashdiscount:JuiiaRM500'MizaRM
600 and Norma 450. (pre-discount) ' r' '

14.3.2010

"PaidforstationeryRMl0andenvelopesRM5fromthepettycash.
bank'
. Cash sales RM 7 B9O and immediately put in the

r Received invoice no J666 from Julia worth RM 2 430 and Miza invoice no MBBB worth RM 800

.PurchasednewprinterbycreditfromZBTechnologiesRMT00.
. lssued debit note to Miza DN432 worth RM 630'

16.3.2010 i

' The following payments made by cheques:

o Road tax RM 3 300

oJuliaRM4500received-discount5%'(pre-discount)
o ZB Technologies RM 550 received discount RM 150'

.Azlan,oneoftheaccountreceivab|espaidhisdebtsbycashRM3500.
. Cash sales RM 1 760.

19.3.2010 '
. lssued invoice 23204 to Azlan RM 7 480 and to Amir RM 8OO with invoice no 23205'
.Alipaidthefullamountforhisdebtbycashandreceived5%discount.
sd5'$|\:KN.1€\1i{r*"s
OF PRIME FNTRY
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ASSIGNMTN}XJU'NEr Or DO.UMEruTS &BOOKS
 '| r Paid fortaxi fare RM22and photocopy paperRl\4
35 from the petty cash
. Purchased goods from Miza worlh RM 1250 by cheque.

22.3.2010

' Bought computer table worth RM '1 300 by cash to be used by the business
. Took RM 800 in the cash tiil and put in the bank

. F Black lent us RM 2,500 paid by cheque

. Paid RM 450 for maintenance expenses

' lssued credit note cNB90 to Amir worlh RM 890 because

of missing paft in the bunch of the
inventory

24.3.2010

' lssued official receiptfordaily sales worth RM 3 700 by cash

and RM 1O 000 by cheque.
n Received cheque from Azlan RM '1 400 with drscount allowed RM s0 and Amir RM 700.

' Made payment by cheque to Miza RM 1 500 with discount

received RM 60.
. sold motor vehicle by credit to Hup Seng Motor Sdn Bhd worth
RM s 000.

' Paid for stamps RM 5.50 and envelopes RM 7.30 using the
money from petty cash.

26.3.2010

. Received invoice from JUlia J7655 worth RM 6 000.

' Took out goods worth RM 500 and cheque RM 780 for personar
used.

' lssued cheque no 679881 with a/c payee of F Black worth

RM 5OO
RM 2 o0o with discount received of

. Cash sales RM 3 870

283.2A10

' Received cheque floT Hrp seng Motor Sdn Bhd for the transactions dated 24.3.2011. The
business gained profit RM 500 from the sold of the motor
vehicle.
. Returned goods to Julia worth RM 760.

: Il A SS i c NM E N T-S O U R C E O r oO cUM r N ii a B o'ii Ks-oi' Fn r,v-Et Nr n v

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30.3.2010

. The business paid salaries RM 5 750 and internet bill RM 560 paid by cash

. Paid Julla RM 4 000 by cheque and received discount RM 230

. Cash sales RM 460

. Reimbursement petty cash the amount that spent in the month

c till and deposited in

For the security proiection, the business transfered RM 1 000 of cash in cash
the bank account
of ihe month was
. After performing the heavy of stock take, the value of inventory at the end
valued at RM 10 300.

REQUIRED:

1. Due to tack of knowledge in accounting, MrAnuar is seeking foryour help in ordertol

a) Journalize the above transactions into the relevant journals and cash book
ledger)
b) Post the journal into the appropriate ledgers (general, purchases and sales
Fare and
c) Show how to record in transactions in the petty cash book (Stationery, Postage'
Sundry Expenses) and post them in the general ledger

Prepare Trial Balance as at 30 March 2010, lncome statement for the

year ended 30 March
d)
2A1O and Balance Sheet as at 30 March 2010'

explain
2. Below are the documents that involved in the business of Nuwa Enterprise' Kindly
to Mr Anuar the functions of each of the documents'

a) Purchase Order

b Delivery Order

lnvoice
"g)
d) Debit note

,e) Credit note

f; Receipt

g) Bank Statement

h) Cheque

i) Payment Voucher

)l Goods Received Note

i'i^X3icri,rarNi-!ounce oF DocUMENTS &BooKs oF PRIME ENTRY

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