PENYERAHAN DAN PENILAIAN TUGASAN

ASSIGNMENT SUBMISSION AND ASSESSMENT

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BDAW2103
BASICS OF FINANCIAL ACCOUNTING
JANUARY 2018
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INSTRUCTIONS TO STUDENTS / ARAHAN KEPADA PELAJAR

1. This assignment contains only THREE (3) question that is set in both Malay and English. / Tugasan ini
mengandungi TIGA (3) soalan sahaja yang disediakan dalam bahasa Melayu dan bahasa Inggeris.

2. Answer in Malay or English. / Jawab dalam bahasa Melayu atau bahasa Inggeris.

3. Download the language version of the assignment template concerned from the myINSPIRE for
preparation and submission of your assignment. Your assignment should be typed using 12 point Times
New Roman font and 1.5 line spacing. / Muat turunkan templat tugasan versi bahasa yang berkenaan
daripada myINSPIRE untuk penyediaan dan penyerahan tugasan anda. Tugasan anda hendaklah ditaip
dengan menggunakan saiz fon 12 Times New Roman dan langkau baris 1.5.

4. Your assignment should be between 2500 to 3000 words excluding references. Do not copy the
assignment question and instructions to your answer. Only assignment answer developed within the
approximate word limit will be assessed. The number of words should be shown at the end of your
assignment. / Tugasan anda hendaklah mengandungi 2500 hingga 3000 patah perkataan tidak
termasuk rujukan. Bilangan perkataan hendaklah ditunjukkan di hujung tugasan anda. Jangan menyalin
soalan dan arahan tugasan dalam jawapan anda. Pemeriksa tidak akan membaca jawapan tugasan
yang melebihi had patah perkataan yang dibenarkan. Jumlah perkataan hendaklah dinyatakan di
penghujung tugasan anda.

5. You must submit your assignment ONLINE via the myINSPIRE. Refer to the portal for instructions on the
procedures to submit your assignment online. You are advised to keep a copy of your submitted
assignment for personal reference. / Anda dikehendaki menghantar tugasan SECARA ONLINE melalui
myINSPIRE. Sila rujuk kepada portal untuk arahan mengenai prosedur menghantar tugasan anda secara
online. Anda dinasihatkan menyimpan senaskah tugasan yang diserahkan untuk rujukan sendiri.

6. You can submit your assignment ONCE only in a SINGLE file. / Anda hanya boleh menghantar tugasan
SEKALI sahaja dalam SATU fail.

7. Your assignment must be submitted between 5th March 2018 until 19th March 2018. Submission after
19th Mac 2018 will NOT be accepted. / Tugasan anda hendaklah diserahkan antara 5 Mac 2018 hingga
19 Mac 2018. Serahan selepas 19 Mac 2018 TIDAK akan diterima.
8. Your assignment should be prepared individually. You should not copy another person’s assignment. You
should also not plagiarise another person’s work as your own. / Tugasan hendaklah disiapkan secara
individu. Anda dilarang meniru tugasan orang lain. Anda juga dilarang sama sekali memplagiat kerja
orang lain sebagai kerja sendiri.

9. Please take note that PENALTY will be imposed on late submission of assignment as specified in the
Registrar’s Office circular 6/2012 (Refer to Registrar’s Announcement in myINSPIRE). / Sila ambil maklum
tentang PENALTI yang akan dikenakan ke atas penghantaran lewat tugasan seperti yang tertera di
pekeliling pejabat Pendaftar 6/2012 (Rujuk Registrar’s Announcement di myINSPIRE).

10. Please ensure that you keep the RECEIPT issued upon submisson of your assignment as proof of
submission. Your assignment is considered as NOT submitted if you fail to produce the submission receipt
in any dispute arises concerning assignment submission. / Anda perlu memastikan RESIT yang
dikeluarkan bagi penghantaran tugasan disimpan sebagai bukti penghantaran. Kegagalan
mengemukakan resit dalam sebarang isu yang timbul berkaitan penghantaran tugasan akan
mengakibatkan tugasan dianggap TIDAK dihantar.

EVALUATION / PENILAIAN

This assignment accounts for 50% of the total marks for the course. You would be given feedback on
the assignment before the Final Semester Examination commences. / Tugasan ini menyumbang
sehingga 50% daripada jumlah markah kursus berkenaan. Anda akan diberikan maklum balas tentang
tugasan ini sebelum Peperiksaan Akhir Semester bermula.

ASSIGNMENT QUESTION

PURPOSE
The purpose of this assignment is to enhance learners’ understanding on the qualitative
characteristic of accounting information, accounting principles, apply accounting equation and
determine the profit and financial status of a company.

Tujuan tugasan ini adalah untuk mempertingkatkan pemahaman pelajar tentang ciri-ciri kualitatif
maklumat perakaunan, prinsip-prinsip perakaunan, mengaplikasikan persamaan perakaunan dan
menentukan untung dan status kewangan sesebuah syarikat.

REQUIREMENT
Answer all the questions and show your detailed workings clearly and systematically.

Jawab semua soalan dan tunjukkan jalan kerja yang terperinci dengan jelas dan sistematik.
QUESTION / SOALAN 1 Marks

a) There are four general qualitative characteristics of accounting information that underlie the
preparation of financial statements of a business. Discuss the importance of these qualitative
characteristics and explain how each characteristic is useful in interpretation of the financial
statements.
(12)
b) Based on the following situations, identify when revenue should be recognised.
i) Joy Design Trading sells a meeting table to Sekolah Rendah Convent Klang on 31
December 2017 for RM5,000. The meeting table was not paid for until 15 January 2018
and it was delivered to the school on 31 January 2018.
ii) Smart Solutions is an accounting firm that provides tax consulting work. On 11
December 2017, Smart Solutions provides RM2,000 of consulting work to one of its
clients. The client does not pay for the consulting time until 25 January 2018.
iii) Mawar Cotton sells clothing from its boutique. A customer purchases a baju kurung on
15 June 2017 and pays for it by credit card. Mawar Cotton Trading processes the credit
card transaction but does not receive the cash until 12 July 2017.
(6)
(Total / Jumlah : 18)

a) Terdapat empat ciri kualitatif umum maklumat perakaunan yang menjadi dasar penyediaan
penyata-penyata kewangan bagi sesebuah perniagaan. Bincangkan kepentingan ciri-ciri
kualitatif tersebut dan terangkan bagaimana setiap ciri berguna dalam penafsiran penyata-
penyata kewangan.
b) Berdasarkan situasi-situasi berikut, kenal pasti bilakah hasil perlu diiktiraf.
i) Joy Design Trading menjual sebuah meja mesyuarat ke Sekolah Rendah Convent Klang
pada 31 Disember 2017 untuk RM5,000. Meja mesyuarat tersebut tidak dibayar
sehingga 15 Januari 2018 dan ia dihantar ke sekolah tersebut pada 31 Januari 2018.
ii) Smart Solutions adalah sebuah firma perakaunan yang menyediakan kerja perundingan
cukai. Pada 11 Disember 2017, Smart Solutions menyediakan kerja perundingan
RM2,000 kepada salah seorang kliennya. Klien tersebut tidak membayar untuk masa
perundingan tersebut sehingga 25 Januari 2018.
iii) Mawar Cotton menjual pakaian dari butiknya. Seorang pelanggan membeli sehelai baju
kurung pada 15 Jun 2017 dan membayarnya dengan kad kredit. Mawar Cotton Trading
memproses urus niaga kad kredit tersebut tetapi tidak menerima tunai sehingga 12 Julai
2017.
QUESTION / SOALAN 2 Marks

Encik Aiman completed the following transactions in the first month of his business:
1. Encik Aiman invested RM20,000 to start a printing business, known as Xpert Printing Sdn.
Bhd.
2. The company obtained a loan from Maya Bank of RM30,000.
3. The company purchased printers and paid a total of RM1,000.
4. Xpert Printing rendered services and received the full amount in cash of RM500.
5. Xpert Printing rendered services amounting to RM750 on credit which is receivable from its
customer.
6. The company purchased office supplies amounting to RM200 on credit which is payable to its
supplier.
7. The company sent some equipments for repair and maintenance for RM400, to be paid after
15 days.
8. Encik Aiman, the owner, withdrew RM5,000 cash for personal use.
9. Xpert Printing paid one-third of the loan obtained in transaction No.2.
10. Xpert Printing received payment from the customer for services in transaction No.5.

Required:
Show the effects of the above transactions to the assets, liabilities and equity of Xpert Printing
Sdn. Bhd. by using the following accounting equation format for your answer:

Assets = Liabilities + Equity

(Total / Jumlah : 20)

Encik Aiman menyempurnakan urus niaga – urus niaga berikut dalam bulan pertama perniagaan
beliau:
1. Encik Aiman melaburkan RM20,000 untuk memulakan perniagaan percetakan, dikenali sebagai
Xpert Printing Sdn. Bhd.
2. Syarikat memperolehi pinjaman daripada Bank Maya sebanyak RM30,000.
3. Syarikat membeli pencetak dan membayar sebanyak RM1,000.
4. Xpert Printing memberikan perkhidmatan dan menerima jumlah penuh dalam tunai sebanyak
RM500.
5. Xpert Printing memberikan perkhidmatan berjumlah RM750 secara kredit yang belum diterima
daripada pelanggannya.
6. Syarikat membeli bekalan pejabat berjumlah RM200 secara kredit yang belum dibayar kepada
pembekalnya.
7. Syarikat menghantar beberapa peralatan untuk baiki dan penyelenggaraan RM400, akan
dibayar selepas 15 hari.
8. Encik Aiman, pemilik, mengeluarkan RM5,000 untuk kegunaan peribadi.
9. Xpert Printing membayar satu pertiga daripada pinjaman yang diperolehi dalam urus niaga
No.2.
10. Xpert Printing menerima bayaran daripada pelanggan untuk perkhidmatan dalam urus niaga
No. 5.

Dikehendaki:
Tunjukkan kesan urus niaga – urus niaga di atas terhadap aset, liabiliti dan ekuiti bagi Xpert Printing
Sdn. Bhd. dengan menggunakan format persamaan perakaunan berikut untuk jawapan anda:

Aset = Liabiliti + Ekuiti

QUESTION / SOALAN 3 Marks

PZD Merchandising Sdn. Bhd. sells computer accessories. The following balances have been
extracted from the accounts as at 31 December 2017:

Debit Credit
RM RM
Capital 72,000
Cash 11,900
Equipment 137,630
Accumulated depreciation - Equipment 37,405
Prepaid and Accrual 350 1,840
Accounts receivable and Account payable 220 9,210
Notes payable (long term) 20,000
Bank overdraft (short term) 11,690
Purchase and Sale 132,700 276,300
Return and Allowance 1,300 1,700
Inventory as at 1 January 2017 35,820
Carriage inwards 640
Discounts 1,510 2,190
Carriage outwards 1,270
Utilities expense 16,390
Maintenance expense 21,380
Salary expense 48,170
Insurance expense 1,750
Depreciation expense - Equipment 10,565
Drawings 10,740
432,335 432,335

Inventory as at 31 December 2017 was valued at RM29,700.

Required:
a) Calculate the cost of goods sold.
(4)
b) Calculate the gross profit and net profit for the year ended 31 December 2017.
(8)
c) Show the financial status as at 31 December 2017.
(10)
(Total / Jumlah : 22)
PZD Merchandising Sdn. Bhd. menjual aksesori-aksesori komputer. Baki-baki berikut telah diambil
daripada akaun-akaun pada 31 Disember 2017:

Debit Kredit
RM RM
Modal 72,000
Tunai 11,900
Peralatan 137,630
Susut nilai terkumpul - Peralatan 37,405
Prabayar dan Akruan 350 1,840
Akaun belum terima dan Akaun belum bayar 220 9,210
Nota belum bayar (jangka panjang) 20,000
Overdraf bank (jangka pendek) 11,690
Belian dan Jualan 132,700 276,300
Pulangan dan Elaun 1,300 1,700
Inventori pada 1 Januari 2017 35,820
Angkutan masuk 640
Diskaun 1,510 2,190
Angkutan keluar 1,270
Belanja utiliti 16,390
Belanja penyelenggaraan 21,380
Belanja gaji 48,170
Belanja insurans 1,750
Belanja susut nilai - Peralatan 10,565
Ambilan 10,740
432,335 432,335

Inventori pada 31 Disember 2017 adalah bernilai RM29,700.

Dikehendaki:
a) Kirakan kos barang dijual.
b) Kirakan untung kasar dan untung bersih bagi tahun berakhir 31 Disember 2017.
c) Tunjukkan status kewangan pada 31 Disember 2017.

[TOTAL MARKS / JUMLAH MARKAH: 60]

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