Name of Company : NOVA CORPORATION Venue : LAGUNA MERBOK, SUNGAI PETANI Members : NOOR NAJIHAH BINTI MD IZUDDIN NUR

AQILAH BINTI ABDUL HALIM NOR AMIRA BINTI NAZRI Main Business Activity : CLOTHES

Nova Corporation started business operation a year ago. The business was placed at Laguna Merbok, Sungai Petani. The main business activities is clothes. This business is on the cooperation of three members that is Noor Najihah bt Md Izuddin, Nur Aqilah bt Abdul Halim and Nur Amira bt Nazri. We wished to record the business transactions in a proper set of books of accounts starting from 1 January 2010 until 31 December 2010. The following were account balances on 1 January 2010.

PARTICULARS Cash Bank Motor Vehicle Capital

RM 10,000 20,000 25,000 55,000

The transaction in January 2010 were : 2 4 5 7 10 12 14 15 18 20 23 25 26 28 29 30 Sell goods on credit to Butik Cantik Bhd RM3,500 Purchased good for cash RM800 Sell goods by cash RM500 Purchased goods on credit from Newlook Bhd RM2,000 Butik Cantik Bhd paid RM2,000 by cheque Paid to Newlook Bhd RM1,000 by cheque Paid electricity bill to Post Malaysia RM800 by cheque Received rent by cash RM600 Paid rent by cheque RM500 Sell goods on credit to Ariana Bhd RM1500 Purchased goods on credit from Romzie Bhd RM1800 Butik Cantik Bhd return goods RM500 Received commission RM1200 by cheque Return goods to Newlook Bhd RM500 Purchased goods on credit from Suzaly Bhd RM2300 Paid to Romzie Bhd RM800 by cash Ariana Bhd return goods RM500 Paid salary for the month by cheque RM1500 Sell goods on credit to Tiara Bhd RM2500 Received RM2200 cheque for dividend on investment Return goods to Romzie Bhd Rm800 Tiara Bhd return goods RM500 Cash sales of goods RM1500 Return goods to Suzaly Bhd RM300

GENERAL JOURNAL DATE Jan 1 PARTICULARS Cash Bank Motor Vehicle Capital FOLIO GL GL GL GL DEBIT (RM) 10,000 20,000 25,000 CREDIT (RM)

55,000

CASH RECEIPT JOURNAL DATE AMOUNT CREDITED FOL BANK (Dr) RM CASH (Dr) RM 500 2,000 600 1,200 2,200 1,500 5,400 2,600 2,000 1,500 2,000 4,000 2,000 600 1,200 2,200 D.A (Dr) RM DEBTOR (Cr) RM SALES (Cr) RM 500 OTHER ACCCOUNT (Dr) RM

JAN 4 5 10 18 26 29

Sales Butik Cantik Bhd Rent received Commission received Dividend receive Sales

GL SL GL GL GL GL TOTAL

CASH PAYMENT JOURNAL DATE AMOUNT CREDITED FOL BANK (Dr) RM CASH (Dr) RM D.R (Cr) RM CREDITOR PURCHASES OTHER (Dr) (Dr) RM ACCCOUNT RM (Dr) RM 800 1000 800 500 800 1,500 800 1,500

JAN 2 7 10 12 20 23

Purchases Newlook Bhd Electricity expenses Rent expenses Romzie Bhd Salary expenses

GL PL GL GL PL GL

800 1000 800 500

TOTAL

3,800

1,600

1,800

800

2,800

SALES JOURNAL DATE JAN 2 14 25 PARTICULARS Butik Cantik Bhd Ariana Bhd Tiara Bhd Transfer to sales account INVOICE NO FOL SL SL SL AMOUNT (RM) 3,500 1,500 2,500 7,500

PURCHASES JOURNAL DATE JAN 5 15 20 PARTICULARS INVOICE NO FOL AMOUNT (RM) 2,000 1,800 2,300 6,100

Newlook Bhd Romzie Bhd Suzaly Bhd Transfer to purchases account

RETURN INWARDS JOURNAL DATE JAN 15 23 28 PARTICULARS CREDIT NOTE ISSUES FOL AMOUNT (RM)

Butik Cantik Bhd SL Ariana Bhd SL Tiara Bhd SL Transfer to return inwards account

500 500 500 1,500

RETURN OUTWARDS JOURNAL DATE PARTICULARS DEBIT NOTE ISSUES FOL AMOUNT (RM)

JAN 18 Butik Cantik Bhd PL 26 Romzie Bhd PL 30 Suzaly Bhd PL Transfer to return outwards account

500 800 300 1,600

GENERAL LEDGER Motor Vehicle a/c RM DATE 25,000 Jan 31 25,000 Feb 1 Balance b/d 25,000

DATE Jan 1

PARTICULARS Balance b/d

PARTICULARS Balance c/d

RM 25,000 25,000

DATE Jan 1 Jan 31

PARTICULARS Balance b/d Total cash receipt

Bank a/c RM DATE 20,000 Jan 31 5,400 Jan 31 25,400

PARTICULARS Total cash payment Balance c/d

RM 3,800 21,600 25,400

Feb 1

Balance b/d

21,600

DATE Jan 1 Jan 31

PARTICULARS Balance b/d Total cash receipt

Cash a/c RM DATE 10,000 Jan 31 2,600 Jan 31 12,600

PARTICULARS Total cash payment Balance c/d

RM 1,600 11,000 12,600

Feb 1

Balance b/d

11,000

DATE Jan 31

PARTICULARS Balance c/d

Capital a/c RM DATE 55,000 Jan 1 55,000 Feb 1

PARTICULARS Balance b/d

RM 55,000 55,000

Balance b/d

55,000

SALES LEDGER

DATE Jan 2

PARTICULARS Sales

Debtor Butik Cantik Bhd RM DATE 3,500 Jan 5 Jan 15 Jan 31 3,500

a/c PARTICULARS Bank Return inwards Balance c/d RM 2,000 500 1,000 3,500

Feb 1

Balance b/d

1,000

DATE Jan 14

PARTICULARS Sales

Debtor Ariana Bhd a/c RM DATE PARTICULARS 1,500 Jan 23 Return inwards Jan 31 Balance c/d 1,500

RM 500 1,000 1,500

Feb 1

Balance b/d

1,000

DATE Jan 25

PARTICULARS Sales

Debtor Tiara Bhd a/c RM DATE PARTICULARS 2,500 Jan 28 Return inwards Jan 31 Balance c/d 2,500

RM 500 2,000 2,500

Feb 1

Balance b/d

2,000

PURCHASE LEDGER

DATE Jan 7 Jan 18 Jan 31

PARTICULARS Bank Return outwards Balance c/d

Creditor Newlook Bhd a/c RM DATE PARTICULARS 1,000 Jan 5 Purchase 500 500 2,000 Feb 1 Balance b/d

RM 2,000

2,000 500

DATE Jan 20 Jan 26 Jan 31

PARTICULARS Cash Return outwards Balance c/d

Creditor Romzie Bhd a/c RM DATE PARTICULARS 800 Jan 15 Purchase 800 200 1,800 Feb 1 Balance b/d

RM 1,800

1,800 200

DATE Jan 30 Jan 31

PARTICULARS Return outwards Balance c/d

Creditor Suzaly Bhd a/c RM DATE PARTICULARS 300 Jan 20 Purchase 2,000 2,300 Feb 1 Balance b/d

RM 2,300

2,300 2,000

DATE Jan 31

PARTICULARS Balance c/d

Sales a/c RM DATE 9,500 Jan 31

PARTICULARS Total cash sales Total credit sales

RM 2,000 7,500 9,500 9,500

9,500 Feb 1 Balance b/d

DATE Jan 31

PARTICULARS Balance c/d

Rent Received a/c RM DATE PARTICULARS 600 Jan 10 Bank 600 Feb 1 Balance b/d

RM 600 600 600

DATE Jan 31

PARTICULARS Balance c/d

Commission Received a/c RM DATE PARTICULARS 1,200 Jan 180 Bank 1,200 Feb 1 Balance b/d

RM 1,200 1,200 1,200

DATE Jan 31

PARTICULARS Balance c/d

Devidend Received a/c RM DATE PARTICULARS 2,200 Jan 180 Bank 2,200 Feb 1 Balance b/d

RM 2,200 2,200 2,200

DATE Jan 31

PARTICULARS Total return for the month

Return inwards a/c RM DATE PARTICULARS 1,500 Jan 31 Balance c/d

RM 1,500

Feb 1

Balance b/d

1,500 1,500

1,500

DATE Jan 31

PARTICULARS Balance c/d

Return outwards a/c RM DATE PARTICULARS 1,600 Jan 31 Total return for the month 1,600 Feb 1 Balance b/d

RM 1,600

1,600 1,600

DATE Jan 31

PARTICULARS Total cash purchase Total credit purchase

Purchases a/c RM DATE 800 Jan 31 6,100 6,900 6,900

PARTICULARS Balance c/d

RM 6,900

6,900

Feb 1

Balance b/d

DATE Jan 10

PARTICULARS Bank

Electricity expenses a/c RM DATE PARTICULARS 800 Jan 31 Balance c/d 800 800

RM 800 800

Feb 1

Balance b/d

DATE Jan 12

PARTICULARS Bank

Rent expenses a/c RM DATE PARTICULARS 500 Jan 31 Balance c/d 500 500

RM 500 500

Feb 1

Balance b/d

DATE Jan 23

PARTICULARS Bank

Salary expenses a/c RM DATE PARTICULARS 1,500 Jan 31 Balance c/d 1,500 1,500

RM 1,500 1,500

Feb 1

Balance b/d

NOVA CORPORATION Trial balance as at 31 January 2010

PARTICULARS Motor vehicle Bank Cash Capital Debtor Butik Cantik Bhd Debtor Ariana Bhd Debtor Tiara Bhd Creditor Newlook Bhd Creditor Romzie Bhd Creditor Suzaly Bhd Purchases Electricity enpenses Rent expenses Salary expenses Sales Rent received Commission received Dividend received Return outwards Return inwards

DEBIT (RM) 25,000 21,600 11,000

CREDIT (RM)

55,000 1,000 1,000 2,000 500 200 2,000 6,900 800 500 1,500 9,500 600 1,200 2,200 1,600 1,500 72,800 72,800