FACULTY OF BUSINESS AND MANAGEMENT

BACHELOR’S DEGREE IN BUSINESS ADMINISTRATION (HONS.)

HUMAN RESOURCE MANAGEMENT

COURSE: ACC 407 – FUNDAMENTAL FINANCIAL ACCOUNTING & REPORTING

ASSIGNMENT: 2

TOPIC: SIMULATION FINAL PROJECT

GROUP 3

PREPARED BY:

NAME STUDENT NO.

NURHAMIZA BINTI KHAMARUDIN 2024371037

ELLYSHA BINTI SHAPRI 2024739419
NUR FARINA AIMI BINTI MANSOR 2024135955
MUHAMMAD HATTA BIN BAHARUDDIN 2013613904
NUR AFIFAH BINTI JAUHARI 2024721797
MUHAMAD HAZWAN BIN ZAKRIA 2017193971
PREPARED FOR:

MADAM ROHANA BINTI MOHD NOOR

PAGE \* MERGEFORMAT i
 TABLE OF CONTENT

TOPIC: SIMULATION FINAL PROJECT

Acknowledgement 1

Introduction Background Of The Business 2

Business Background 3

Section A

a) Accounting Transaction
4-5
b) Specialize Journals

c) Ledgers Account

d) Trial Balance

Section B

a) Terms of Partnership

b) Current and Capital Account

c) Appropriation Statement of Profit or Loss

Appendix

References

PAGE \* MERGEFORMAT i
ACKNOWLEDGEMENT

First and forumost, we want to express our gratitude and prase to strongtha and blessing theit
allowed God for providing to with the wed us to complete this assignment. We could not lave
progressad this far without His approval. This assignment will not be finished without our
team mombor's cooperation and effort, which are, Nurhamiza Binti Khamarudin, Ellysha
Binti Shapri, Nur Farina Aimi Binti Mansor, Muhammad Hatta Bin Baharuddin, Nur
Afifah Binti Jauhari and Muhamad Hazwan Bin Zakria.

We always put in a lot of effort and give our all to ensure that a quality assignment is
produced. Consequently, we would like to express our gratitude to our lecturer, Madam
Rohana Binti Mohd Noor, as we could not have completed our assignment without her
direction. She has greatly inspired us to work on this project and consistently provides us
with support and guidance on how to complete our assignments to produce a good outcome.
We express our gratitude to her for her instruction in this course.

In addition to our lecturer, we would like to extend our heartfelt thanks to our team members.
Their unwavering support and the brilliant ideas they contributed were crucial in bringing this
project to fruition. The collaborative spirit and dedication of each team member have been
instrumental in overcoming challenges and ensuring the success of our assignment.

In conclusion, we are deeply thankful to Madam Rohana Binti Mohd Noor for her
exceptional guidance and support, as well as to our team members for their invaluable
contributions. Together, they have significantly impacted our academic growth and the
successful completion of this project. We look forward to applying the knowledge and skills
we have gained from this experience in our future endeavors.

PAGE \* MERGEFORMAT i
INTRODUCTION

HazFresh Bakery is a sole proprietorship that manufactures and distributes the best pastries
and desserts. Located at 30A, Jalan Hang Tuah, Bandar Johor Bahru, 80000 Johor Bahru,
Johor, our store opens daily from 8:00 a.m. to 8:00 p.m. With a business capital of
RM50,000, our objective is to provide high-quality pastries and desserts at affordable prices,
suitable for every customer’s taste. Our commitment to excellence ensures that every product
meets our stringent quality standards.

Our bakery prides itself on a commitment to excellence, ensuring that every product meets
our stringent quality standards. From the freshest ingredients to meticulous preparation
methods, HazFresh Bakery guarantees a delightful experience with every bite. Whether it's
for a special occasion or a daily treat, our wide range of products is designed to satisfy
diverse palates.

HazFresh Bakery strives to be the favorite destination for pastry lovers and dessert
enthusiasts alike. Our dedication to quality and affordability, combined with our welcoming
atmosphere, makes us the go-to place for all your pastry and dessert needs. We look forward
to serving you and becoming a cherished part of your culinary journey.

PAGE \* MERGEFORMAT i
 COMPANY BACKGROUND

Name of the bussiness : HAZFRESH BAKEY

Owner : Haziqah Binti Hazril
Owner Capital : RM50,000.00
Accounting Period : 1 Month
Location : 30A, Jalan Hang Tuah, Bandar Johor Bahru
80000 Johor Bahru, Johor
Contact Number : 012-5002136
Operation Hours : 8:00 AM 8:00 PM
Type of sold good : Provide the high quality cookies, Cakes and also other pastry
with good price that suitable with our customer taste
Email : [email protected]
Establish on : 1/11/2020
Financial End : Business accounting period is based on yearly engagement

Hazfresh Bakery is a sanctuary where cakes and pastries are crafted with passion and
precision. From chocolate muffins to delicate tarts, each creation showcases artistry and
creativity. The bakery distinguishes itself with high-quality products and expertly trained
staff, ensuring every dessert is a beautifully presented work of art.

Hazfresh Bakery excels in special occasions like weddings, offering bespoke, intricately
designed cakes. This highlights their versatility and commitment to diverse customer
preferences, ensuring elegant and sweet celebrations. Driven by entrepreneurial vision and
market responsiveness, Hazfresh innovates with new flavors and perfected classics, dedicated
to delighting taste buds and enhancing celebrations with every exquisite dessert.

Committed to customer satisfaction, Hazfresh Bakery employs strategic marketing via

platforms like Foodpanda and Grab Food, enhancing accessibility for all patrons. Exclusive
deals for dine-in guests foster community and loyalty, while bespoke services for weddings
and events showcase its versatility. Rooted in entrepreneurial vision, Hazfresh Bakery
continues to innovate, delighting customers with new flavors and refined recipes, making
each visit a celebration of culinary craftsmanship and hospitality.

PAGE \* MERGEFORMAT i
 BUSINESS TRANSACTION

Hazfresh Bakery is a business that sells various type of cakes and Pastry. The following
transaction are related to Hazfresh Bakery for the month of April 2020.

DATE
Apr TRANSACTION

1 Apr Haziqah started a business (Hazfresh Bakery) with Capital

RM 50,000.00 in bank
3 Apr Purchased oven on credit from TBC Electrical Credit Purchases
Trading RM 20,000.00
4 Apr Purchased ingredients on credit from Cartole Credit Purchases
Enterprise RM 10,000.00
4 Apr Purchased packaging materials on credit from Credit Purchases
Syarikat Rakan RM 5,000.00
5 Apr Cash purchase for wet and dry items for inventory Cash Purchases
RM 2,000.00 from Kedai Borong Ali
5 Apr The business sold goods to Kedai Runcit Liza by Cash Sales
cash amounted RM 500
7 Apr Sold goods on credit to Café Cinta Air Mata RM Credit Sales
800.00
8 Apr Sold goods on credit to Mini Mart RM 1,000.00 Credit Sales
10 Apr Sold goods on credit to Katering Bayu RM Credit Sales
1,500.00
12 Apr The business purchased chiller on credit from Purchases of non-current
Damai Electrical RM 12,000.00 assets
18 Apr Haziqah invested RM 10,500 in fixed deposit by Purchases of non-current
cheque assets
19 Apr The business paid off to Cartole Enterprise RM payments to suppliers
10,000.00
19 Apr The business paid off to Syarikat Rakan RM payments to suppliers
5,000.00
20 Apr The business received full payment from Mini Mart Payments by receivables

20 Apr The business received full payment from Katering payments by receivables
Bayu by cheque
25 Apr The business paid utilities expenses RM 350.00 by payment of expenses
cash
25 Apr Paid salary by cheque RM 1,500.00 payment of expenses

26 Apr Paid rental by cheque RM 5,000.00 payment of expenses

27 Apr The business received commission of RM 800 by revenue received

PAGE \* MERGEFORMAT i
 cash
27 Apr The business returned defective goods to ABC liabiliti
Enterprise RM 200.00

27 Apr The Business received a 5% discount upon paying liabiliti

off its debts to TBC Electrical Trading by cheque
28 Apr The business withdrew cash from bank for purpose Drawing transaction
RM 5,000.00 (cash)
28 Apr Haziqah (Owners) withdrew RM 200 goods for Drawing transaction
personal use. (goods)

29 Apr Café Cinta Air Mata returned demaged goods worth transaction on sales return
RM 100 to the business. The business refunded
cash to Café Cinta Air Mata
30 Apr Sent a debit note of RM200 to Syarikat Rakan due transaction on purchases
th
to goods returned for the purchased at 4 Apr return

SALES JOURNAL

Date
Apr 2022 Particular Invoice Folio RM
No.
7 Apr Café Cinta Air Mata 110 SL1 800.00

8 Apr Mini Mart 111 SL 2 1,000.00

10 Apr Katering Bayu 112 SL 3 1500.00

30 Apr Transferred to Sales Account GL 7 3,300.00

PURCHASES JOURNAL

Date
Invoice No. Folio
Apr 2022 Particular RM

3 Apr TBC Electrical Trading 321 PL 1 20,000.00

4 Apr Cartole Enterprise 890 PL 2 10,000.00

4 Apr Syarikat Rakan 007 PL 3 5,000.00

PAGE \* MERGEFORMAT i
30 Apr Transferred to Purchase Account GL 8 35,000.00

RETURN INWARDS JOURNAL

Date Particular Credit Folio RM

Apr 2022 Note No.

27 Apr ABC Enterprise 001 SL4 200.00

29 Apr Cafe Cinta Air Mata 002 SL1 100.00

30 Apr Transferred to Return Inwards GL9 300.00

Account

RETURN OUTWARD JOURNAL

Date Particular Credit Note Folio RM

Apr 2022 No.

30 Apr Syarikat Rakan 122 PL3 200.00

30 Apr Transferred to Return Outward GL10 200.00

Account

CASH PAYMENT JOURNAL

Date Particular Folio Discount Cash Bank

Apr 2022 Received RM RM

5 Apr Kedai Runcit Liza SL1 500.00

5 Apr Purchases -Kedai Borong Ali PL4 2,000.00

Utilities GL1 350.00

PAGE \* MERGEFORMAT i
 25 Apr Salary GL2 1,500.00

26 Apr Rental GL3 2,000.00

27 Apr TBC Electrical Trading PL1 1,000.00 19,000.00

30 Apr Transfer to Discount GL11 1,000.00 2,850.00 22,500.00

Received and Cash Accounts

CASH RECEIPT JOURNAL

Date Particular Folio Discount Cash Bank

Apr 2022 Allowed RM RM

20 Apr Mini mart SL2 1,000.00

20 Apr Katering Bayu SL3 1,500.00

27 Apr Commission SL4 800.00

30 Apr Transfer to Discount GL11 1,000.00 1,500.00

Allowed, Cash and Bank

Accounts

GENERAL JOURNAL

Date Particular Folio Cash Bank

Apr 22 RM RM

3 Apr Oven GL 20,000.00

Capital GL 50,000.00

PAGE \* MERGEFORMAT i
12 Apr Chiller GL 12,000.00

18 Apr Fixed Deposit GL 10,500.00

28 Apr Drawings GL 200.00

PAGE \* MERGEFORMAT i