COURSE CODE : BAAB1013

COURSE TITLE : PRINCIPLES OF ACCOUNTING

COURSE LEADER : ROHANA AHMAD SHIMI
SECTION : CK-D1
LECTURER : NUR DALILAH BINTI ADBUL MUEN
TITLE OF ASSIGNMENT : GROUP ASSIGNMENT 2
SUBMISSION DATE : 26/11/2019
GROUP MEMBERS :
1. THONG QI YI
2. MUHAMMAD NURFARHAT BIN SABARUDIN
3. NIK NURUL NADIA BINTI MOHD RAZALI
4. SITI ILYA MAISARAH BINTI SHEIKH ZUHARI
INTRODUCTION TO BUSINESS

In September 2019, I am Ilya and two share partners who are Farhat and Nadia were build a
restaurant sharing at Teluk Cempedak Kuantan. We are provide catering services and also selling
cooking ingredients like meat, fish, vegetables and more. The restaurant was registered as
Restaurant Bersamamu. Each of us invested RM 60 000 as initial capital. Our catering business
are assisted by many employee that good in cooking and have culinary skills. The salary of all
the employee is RM 1000 per month.

I and my two share partners are culinary graduates from local university. We are also
experienced in catering business. We are managing a restaurant at Johor for several years. We
choose to open catering business because we think that catering offers a much easier and more
efficient operation than traditional restaurant service. Since we are providing a catering menu for
customers, we can make sure that our items are optimized for great margins and returns.

After research of market, we selected our location in Teluk Cempedak Kuantan depends on our
target customers. This is such a local community and tourist destinations so we think that Teluk
Cempedak is the right place to attract many customer. The growth of the tourism industry at
Teluk Cempedak has greatly increased the demand for catering service. The risk of opening this
restaurant is to compete with traditional restaurant from nearby location.

I and my two share partners believe that we have made a right decisions and choose a strategic
location. We will work hard to make sure our business success.
SOURCE DOCUMENT

ASAL INVOICE INV1028

Supplier Amin Bersih

No.18, Jalan NEXT,
26060 Kuantan, Pahang.
To: Dates: 01 Sept 2019
Restaurant Bersamamu

Price (RM) Total

Bill. Details Quantity
(RM)

1. Chicken (1kg) 20 7.60 152.00

2. Fish (1kg) 15 4.60 69.00

3. Rice (10kg) 14 32.50 157.00

4. Chili (1kg) 10 4.00 40.00

5. Prawn (1kg) 15 9.00 285.00

6. Beef (1kg) 10 20.00 200.00

Total 903.00

Ringgit Malaysia: Nine hundred three ringgits only.

Farhat Amin

Recipient’s signature Manager’s signature

DOCUMENT 1
ASAL CREDIT NOTES NK166

Supplier Amin Bersih

No.18, Jalan NEXT,
26060 Kuantan, Pahang.

To: Dates: 03 Sept 2019

Restaurant Bersamamu

Your account is credited as follows:

Price per unit Total

Bill. Details Quantity
(RM) (RM)

1. Chicken (1kg) 5 7.60 38.00

2. Rice (10kg) 8 10.50 84.00

Total 122.00

Ringgit Malaysia: One hundred twenty-two ringgits only

Notes: Damage

Amin

Manager’s signature

DOCUMENT 2
 Maybank
Malayan Banking Berhad (3813-K)

Rekod Urusan : Deposit

Total Dates Time

RM1 800 14 Sept 2019 04.40 PM

From To Location
Other A/C Kuantan

Account number : 021103 - 08 – 0836

RM1 = 0 RM5 = 0 RM10 = 0

RM20 = 0 RM50 = 36 RM100 = 0

Sila simpan penyata untuk rekod anda

Terima kasih kerana berurusan dengan kami
Retain statement for your record
Thank you for banking with us

17780

DOCUMENT 3
 SALINAN OFFICIAL RECEIPT RR002
SALINAN CASH BILL BT004

Restaurant Bersamamu
No.423, Jalan Chang,
26060 Kuantan, Pahang.

Dates: 22 Sept 2019

Received : Wedding

Ringgit Malaysia : One thousand seven hundred fifty ringgits.

Payment for : Catering services Invoice INV001

RM1 750.00

Cash/ No. Cek: UOB 175077

Farhat

Manager’s signature

DOCUMENT 4
SALINAN CASH BILL BT004

Restaurant Bersamamu
No.423, Jalan Chang,
26060 Kuantan, Pahang.

To: Dates: 22 Sept 2019

Akim

Price (RM) Total

Bill. Details Quantity
(RM)

1. Rice (10kg) 3 35.00 105

2. Chicken (1kg) 5 8.60 43

3. Fish (1kg) 6 6.00 36

4. Beef (1kg) 5 23.00 115

Total 299

Ringgit Malaysia: Two hundred ninety-nine ringgit.

Cash/ No. Cck:

Farhat

Manager’s signature

DOCUMENT 5
SALINAN Debit Notes BT004

Restaurant Bersamamu
No.423, Jalan Chang,
26060 Kuantan, Pahang.

To: Dates: 22 Sept 2019

Akim

Price (RM) Total

Bill. Details Quantity
(RM)

1. Rice (10kg) 25 35.00 875

2. Chicken (1kg) 90 8.60 774

3. Fish (1kg) 27 6.00 161

4. Beef (1kg) 30 23.00 690

Total 2 500

Ringgit Malaysia: Two thousand five hundred ringgit.

Cash/ No. Cck:

Farhat

Manager’s signature

DOCUMENT 6
SALINAN Debit Notes BT004

Restaurant Bersamamu
No.423, Jalan Chang,
26060 Kuantan, Pahang.

To: Dates: 22 Sept 2019

Amam

Price (RM) Total

Bill. Details Quantity
(RM)

1. Rice (10kg) 30 35.00 1050

2. Chicken (1kg) 97 8.60 834

3. Fish (1kg) 38 6.00 228

4. Beef(1kg) 36 23.00 828

Total 2 940

Ringgit Malaysia: Two thousand nine hundred fourty ringgit.

Cash/ No. Cck:

Farhat

Manager’s signature

DOCUMENT 7
Dates Transaction Document

2019 Wedding day Sarah and Zarul uses catering service. Charges RM1,750. Credit Invoice
term is 14 days working.
Sept 07 INV001

Employees use inventory for business use Inventory

card
Details Quantity
Chicken 5
Beef 3
Fish 4
Rice 5
2019 Open house Hajah Ton uses catering service. Charge RM2100. Credit term is 14 Invoice
days working.
Sept 14 INV002

Employees use inventory for business use Inventory card

Details Quantity
Rice 8
Beef 7
Chicken 8
Prawn 8
2019 Wedding day Fauzi and Fauziah uses catering service. Charge RM2,500. Credit Invoice
term is 14 days working.
Sept 21 INV003

Employees use inventory for business use Inventory card

Details Quantity
Rice 9
Beef 6
Chicken 8
Fish 7
Prawn 7
 GENERAL JOURNAL JA1

Dates DETAILS Folio Debit Credit

2019 RM RM

Sept 01 Machinery LA1 95 400

Furniture LA2 6 600

Electric Deposit LA3 4 000

Water deposit LA4 100

Rent deposit LA5 7 500

Cash BT1 1 000

Bank BT1 64 500

Capital Farhat LA21 60 000

Capital Nik LA22 60 000

Capital Ilya LA23 60 000

(Start a partnership business) 180 000 180 000

Sept 07 Wedding day Sarah and Zarul LJ1 1 750

Outcome wedding LA31 1 750

(Wedding day Sarah and Zarul using catering

services)

Sept 14 Open House Hajah Ton LJ1 2 100

Outcome wedding LA31 2 100

(Open house Hajah Ton using catering services)

Sept 21 Weeding day Fauzi and Fauziah LJ1 2 500

Outcome wedding LA31 2 500

(Wedding day fauzi and fauziah using catering

services)
Sept 23 Furniture LA6 6500

Capital LA21 6500

(Farhat's partner brings in the couch

his house)

Sept 28 Hostel Evan LJ2 1 500

Outcome catering LA31 1 500

(Hostel Evan using catering services)

SPECIAL JOURNAL

SALES JOURNAL JB1

Number
Dates Details Folio Total
Invoice
2019 RM

Sept 15 Akim LB2 INV3579 2 500

29 Amam LB1 INV2842 2 940

31 Sales Account LA41 5440

PURCHASES JOURNAL JPB1

Credit note
Dates Details Folio Total
number
2019 RM

Sept 01 Supplier Amin LB1 INV1028 3 440

03 Supplier Amin LB1 NK166 122

31 Purchases Account LA51 3562

LEDGER
LA1
Dt. Machinery Account Kt.
Dates Details Folio Total Dates Details Folio Total
2019 2019
Sept 1 Capital Farhat JA1 35 400 Sept 31 Balance h/b 95 400
1 Capital Ilya JA1 30 000
1 Capital Nik JA1 30 000
95 400 95 400

October Balance b/b 95 400

1

LA2
Dt. Furniture Account Kt.
Dates Detail Folio Total Dates Details Folio Total
2019 2019
Sept 1 Capital Ilya JA1 6 600 Sept 31 Balance h/b 13 100
23 Farhat 6 500
13 100 13 100

October Balance b/b 13 100

1

LA3
Dt. Electric Deposit Account Kt.
Dates Details Folio Total Dates Details Folio Total
2019 2019
Sept 1 Capital Farhat JA1 4 000 Sept 31 Balance h/b 4 000
4 000 4 000

October Balance b/b 4 000

1

LA4
Dt. Water Deposit Account Kt.
Dates Details Folio Total Dates Details Folio Total
2019 2019
Sept 1 Capital Nik JA1 1 00 Sept 31 Balance h/b 1 00
1 00 1 00

October Balance b/b 1 00

1
 LA5
Dt. Rent Deposit Account Kt.
Dates Details Folio Total Dates Details Folio Total
2019 2019
Sept 1 Capital Ilya JA1 7 500 Sept 31 Balance h/b 7 500
7 500 7 500

October Balance b/b 7 500

1

LA6
Dt. Sales Account Kt.
Dates Details Folio Total Dates Details Folio Total
2019 2019
Sept 1 Sales JA1 5 440 Sept 31 Balance h/b 13 290
7 Wedding Sarah LJ1 1 750
14 Open house LJ1 2 100
21 Wedding Fauzi LJ1 2 500
28 Hostel Evan LJ2 1 500
13 290 13 290

October Balance b/b 13 290

1

LA7
Dt. Purchases Account Kt.
Dates Details Folio Total Dates Details Folio Total
2019 2019
Sept 1 Purchases JA1 3 562 Sept 31 Balance h/b 3 562
3 562 3 562

October Balance b/b 3 562

1
 Restaurant Bersamamu
Trial Balance as at 30th September 2019

DETAILS DEBIT (RM) CREDIT (RM)

Machinery 95 400
Furniture 13 100
Cash 1 000
Bank 64 500
Water deposit 100
Rent deposit 7 500
Electric deposit 4 000
Opening inventory 3850
Capital 90 000
Sales 13 290
Purchases 3 562
Return 488 360
Carriage outward 150
Bank loan 90 000
Total 193 650 193 650
 NICA Company SDN BHD

Income Statement for the year ended 30th November 2020

RM RM
Sales 186 000
(-) Return inwards 5 500
Net sales 180 500
Less: Cost of Goods Sold:
Opening inventory 15 850
(+) Purchases 23 562
(-) Return outwards 2 598
36 814
(-) Closing inventory 13 052
23 762
Gross Profit 156 738
Less: Expenses
Water deposit 200
Rent deposit 7 000
Electric deposit 300
Stationery 2 500
Receipt Book 5 000
Business registration fees 10 600
Road tax 2 000
Insurances 3 000
Advertisement 4 500
Signboard / Electronic Billboard 2 000
Salary 3 500
Promotion 10 000
Grand opening 5 000
Vehicles insurance 350
55 950
Net Profit 100 788
 Restaurant Bersamamu
Balance Sheet as at 30th September 2019
RM RM
Assets
Non-current assets
Machinery 95 400
Furniture 13 100
Total non-current assets 108 500
Current assets
Closing inventory 1 052
Cash 1 000
Bank 64 500
Total current assets 66 552
Total assets 175 052

Equity and Liabilities

Capital 90 000
(-) Net loss 4 948
Total equity 85 052

Non-current liabilities
Bank loan 90 000
Total non-current liabilities 90 000
Total equity and liabilities 175 052
CONCLUSION

Bersamamu Restaurant earns a net profit of 3.2 billion after operating for a month. With the effort, high
commitment, and diligent workers to improve the current and long-term performance of our business, we
are expected that our restaurant performance will increase over time.

Our restaurant has practiced the following concepts and principles in recording a transactions in
accounting book:

 Consistency
There is consistency in accounting procedures used by business entities from one accounting
period to another. This allow for a fair comparison of accounting information between the two
accounting periods.
 Continuous effort
All financial business activities are assumed to be operating for a long period of time. This
enables the business to operate with the aim of long-term.
 Recognition results and expenses
All revenues (receivables) and all expenses (prepaid or unpaid) are taken into account when
preparing the financial statements at the end of accounting period. This is to let us know the true
net profit generated by the business during the accounting period.

Bersamamu Restaurant adopting the following elements for the purpose of strengthening the skills and
also the human capital skills. It also helped face the current challenge and future challenge:

 Entrepreneurship
Entrepreneurial features can be applied to business management through the activities that enable
them to develop such qualities as diligence, honesty, trust and responsibility and also can improve
the creative and innovative mind to develop ideas into the market.
 Information technology and communication
The application of Information Technology and Communication is not only drives business
owners to be creative but also makes business management more attractive, enjoyable and
improves business performance.
 Financial
The application of financial education elements aims to create business owners with the ability to
make wise financial decisions, to practice ethical financial management and to manage financial
affairs responsibly.