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Question 1 Green technology Sdn. Bhd. started a business on 1 January 2019 by selling computer products. The company close the account on 31 December
Question 1 Green technology Sdn. Bhd. started a business on 1 January 2019 by selling computer products. The company close the account on 31 December 2019. Use the following information to prepare the trial balance as at 31 December 2019. Capital RM100,000 Motor vehicle RM50,000 Office equipment RM20,000 Furniture RM10,000 RM15,000 Cash Debtors RM5,000 a. Create the transactions for the company. (10 marks) Create the transactions of: i. 10 general transactions ii. 4 transactions in depreciation topic iii. 2 transactions in bad debts and allowance for doubtful debts (AFDD) topic iv. 4 transactions accrual and prepayment topic Page 2 of 5 May-Aug 2020 Final assessment BB001 Accounting Practice b. (10 marks) Prepare the journal entries Prepare journal entries for each transactions above. c. Prepare the ledger (20 marks) Using the information in (a) to proceed to (b). Balancing-off the account and get the balance of each accounts. d. (10 marks) Prepare the trial balance 1. Using the information in (c) to proceed to (d). ii.Do include the beginning information in trial balance. [Total : 50 marks] Question 1 Green technology Sdn. Bhd. started a business on 1 January 2019 by selling computer products. The company close the account on 31 December 2019. Use the following information to prepare the trial balance as at 31 December 2019. Capital RM100,000 Motor vehicle RM50,000 Office equipment RM20,000 Furniture RM10,000 RM15,000 Cash Debtors RM5,000 a. Create the transactions for the company. (10 marks) Create the transactions of: i. 10 general transactions ii. 4 transactions in depreciation topic iii. 2 transactions in bad debts and allowance for doubtful debts (AFDD) topic iv. 4 transactions accrual and prepayment topic Page 2 of 5 May-Aug 2020 Final assessment BB001 Accounting Practice b. (10 marks) Prepare the journal entries Prepare journal entries for each transactions above. c. Prepare the ledger (20 marks) Using the information in (a) to proceed to (b). Balancing-off the account and get the balance of each accounts. d. (10 marks) Prepare the trial balance 1. Using the information in (c) to proceed to (d). ii.Do include the beginning information in trial balance. [Total : 50 marks]
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