July2023 Acc117 Acc106 Test 2 Q
July2023 Acc117 Acc106 Test 2 Q
July2023 Acc117 Acc106 Test 2 Q
INSTRUCTIONS TO CANDIDATES
2. Answer ALL questions in the Answer Booklet. Start each answer on a new page.
3. Do not bring any materials into the examination room unless permission is given by the
invigilator.
QUESTION 1
Pn Neefa has just started its business, Neefa Fabrics on 1 May 2023. In the month of May,
the following transactions took place:
Required:
Give the appropriate book of prime entry for each of the transactions above.
(Total: 10 marks)
QUESTION 2
The following accounts were extracted from the Trial Balance of Ukhwah Trading owned by
Encik Uthman as at 31 December 2022.
Ukhwah Trading
Trial Balance as at 31 December 2022
RM RM
Land 400,000
Motor vehicles 250,000
Office equipment 80,000
Accumulated depreciation – Motor vehicle 50,000
Accumulated depreciation – office equipment 28,000
Cash in hand 33,000
Cash at bank 95,300
Accounts receivable 55,200
Accounts payable 65,000
Allowance for doubtful debts as at 1 January 2022 3,700
3% Bank loan 150,000
5% Fixed Deposit 100,000
Drawings 5,450
Capital 453,800
Purchases 350,450
Sales 734,000
Inventories as at 1 January 2022 22,000
Sales returns 15,000
Purchase returns 20,500
Sales discounts 9,300
Purchase discounts 7,400
Carriage inwards 3,400
Duty on purchases 14,000
Interest income 2,500
Selling and distribution expenses 15,200
General expenses 12,000
Salaries 36,000
Rental 14,000
Utilities 4,600
1,514,900 1,514,900
Additional information:
3. Part of the interest income of RM2,500 and utilities of RM400 are still accrued at the end
of the year.
© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
CONFIDENTIAL 4 ACC117/ACC106/TEST2/JULY2023
5. The bank loan was obtained from UMRO Bank on 1 March 2022. No interest has been
paid during the year.
6. The allowance for doubtful debts is to be increased to RM4,200 at the end of the year.
7. Encik Uthman took goods worth RM450 and cash of RM3,000 for his personal purposes.
Required:
a. Prepare the Statement of Profit or Loss for the year ended 31 December 2022
QUESTION 3
Encik Amin has received the following bank statement for his business, Amin Enterprise for
the month of May 2023.
June Bank
Additional information:
2. Cheque received number 210521 and cheque paid to Ameng on 21 May 2023 were
wrongly recorded by Encik Amin
3. It was found that the cheque received (no: 255012) was wrongly recorded by the bank.
Required:
a. Prepare the Adjusted Cash Book for the month of May 2023
b. Prepare the Bank Reconciliation Statement for the month of May 2023
(Total: 15 marks)
END OF QUESTIONS