Question

1 Approved Answer

Posted on Sep 15, 2024

QUESTION 3 (15 MARKS) The following is a summary of the cashbook and the bank statement, which was specially requested for the first 2 weeks

QUESTION 3 (15 MARKS) The following is a summary of the cashbook and the bank statement, which was specially requested for the first 2 weeks of Devendran Marketing, a company specializing in selling frozen foods. AMANAH BANK BERHAD Bank Statement of Devendran Marketing Particulars Debits RM Credits RM 50 250 Date Dec 2015 1 2 4 7 6 7 8 12 15 1.800 Balance b/d 0001 Standing order Credit transfer Direct debit 0002 Direct debit Dishonoured cheque Cheque clearance-Radziah Balance RM 800 750 500 2,300 2.220 2,136 2,081 2,041 2,241 80 84 55 40 200 CASH BOOK RM Dec RM 2015 Dec 2015 1 Balance b/d 5 Abdul Rashid 10 Aminuddin 800 250 1,500 1 2 3 4 SO 48 Cheque No 0001 0002 1113 0003 200 Wages Azizah Radziah Lola food Supplier Din's cold Balance c/d 150 0004 5 12 60 2,042 2550 2.550 2,042 13 Balance b/d Note: i. A cheque (no.0002) paid to Azizah amounting to RM48 has been wrongly recorded as RM84 by the bank. A cheque (no. 1113) worth RM200 received from Radziah was wrongly recorded on the credit side of the cash book. ii. QUESTION ONE (25 MARKS) Surreal Lavender Sdn. Bhd. is a newly setup company producing a car fragrance to be distributed all across Malaysia. In order to create a sound marketing strategy, they require a lot of information regarding the preferences of Malaysian towards car fragrance. Surreal Lavender's top management hired you to become their research consultant regarding the matter. a. Determine the problem statement for Surreal Lavender. (5 marks) b. Set TWO (2) research objectives for the Surreal Lavender car fragrance. (5 marks) c. Discuss THREE (3) methods that you will use to collect primary data for the Surreal Lavender car fragrance research. Show how it will be conducted. (9 marks) d. Explain TWO (2) sampling method to be used for the Surreal Lavender car fragrance research. Provide the reason why you choose the methods. (6 marks) QUESTION 3 (15 MARKS) The following are the Cashbook (Bank Column) and the Bank Statement of Colour Blast Printing Enterprise for the month of March 2014: Cashbook (Bank Column) Date Particulars RM Date Particulars Ref. RM Mar 1 Balance b/d 23,800 Mar 2 Salaries 311401 1,500 4 Sales 7,000 13 MM Trading 311402 74,754 16 Cash Deposit 6,500 17 Richard Wong 311403 8,440 19 New Printing Trading 1,800 21 OngSdn. Bhd. 311406 3,246 21 SetiaSuriSdn. Bhd. (2,600 30 Rental 311409 1,800 23 Sinar Enterprise 6,240 31 Balance c/d 33,200 29 Sales 5,000 52,940 52,940 CIMB Islamic Bank Berhad Bank Statement for the month ended 31 March 2014 Date Particulars Reference Debit Credit Balance Marl Balance b/d 23.800 Cr 7,000 30,800 CF 5 Deposit 6 Cheque Cleared 311401 1,500 29.300 Cr 9 Credit Transfer 1.000 30,300 Cr 15 Cheque Cleared 311402 4.754 25.546 Cr 17 Cash Deposit 6,500 32,046 Cr 22 Deposit 1.800 33.846 C 23 Credit Transfer 1,950 35.796 Cr 24 Standing Order: DIGI 25 Cheque Cleared a/e: 4511 440 35,356 Cr 311406 3.246 32,110 Cr 27 Deposit 117223 900 33,010 Cr 30 Bank Charges 120 32.890 CT 31 Interest on Deposit 80 Note: 32,970 CE i. The bank has credited a cheque on 27 March 2014 in error to the company's bank account. This cheque is actually belonged to Colourful Enterprise. ii. The cheque amounting to RM2,600 received from Setia Suri Sdn. Bhd, which has been deposited by the business was marked dishonoured by the payee bank. Required: 2. Prepare an Adjusted Cashbook (bank column) for Colour Blast Printing Enterprise. (7 marks) b. Prepare a Bank Reconciliation Statement as at 31 March 2014. (8 marks) CONTI QUESTION 3 (15 MARKS) The following is a summary of the cashbook and the bank statement, which was specially requested for the first 2 weeks of Devendran Marketing, a company specializing in selling frozen foods. AMANAH BANK BERHAD Bank Statement of Devendran Marketing Particulars Debits RM Credits RM 50 250 Date Dec 2015 1 2 4 7 6 7 8 12 15 1.800 Balance b/d 0001 Standing order Credit transfer Direct debit 0002 Direct debit Dishonoured cheque Cheque clearance-Radziah Balance RM 800 750 500 2,300 2.220 2,136 2,081 2,041 2,241 80 84 55 40 200 CASH BOOK RM Dec RM 2015 Dec 2015 1 Balance b/d 5 Abdul Rashid 10 Aminuddin 800 250 1,500 1 2 3 4 SO 48 Cheque No 0001 0002 1113 0003 200 Wages Azizah Radziah Lola food Supplier Din's cold Balance c/d 150 0004 5 12 60 2,042 2550 2.550 2,042 13 Balance b/d Note: i. A cheque (no.0002) paid to Azizah amounting to RM48 has been wrongly recorded as RM84 by the bank. A cheque (no. 1113) worth RM200 received from Radziah was wrongly recorded on the credit side of the cash book. ii. QUESTION ONE (25 MARKS) Surreal Lavender Sdn. Bhd. is a newly setup company producing a car fragrance to be distributed all across Malaysia. In order to create a sound marketing strategy, they require a lot of information regarding the preferences of Malaysian towards car fragrance. Surreal Lavender's top management hired you to become their research consultant regarding the matter. a. Determine the problem statement for Surreal Lavender. (5 marks) b. Set TWO (2) research objectives for the Surreal Lavender car fragrance. (5 marks) c. Discuss THREE (3) methods that you will use to collect primary data for the Surreal Lavender car fragrance research. Show how it will be conducted. (9 marks) d. Explain TWO (2) sampling method to be used for the Surreal Lavender car fragrance research. Provide the reason why you choose the methods. (6 marks) QUESTION 3 (15 MARKS) The following are the Cashbook (Bank Column) and the Bank Statement of Colour Blast Printing Enterprise for the month of March 2014: Cashbook (Bank Column) Date Particulars RM Date Particulars Ref. RM Mar 1 Balance b/d 23,800 Mar 2 Salaries 311401 1,500 4 Sales 7,000 13 MM Trading 311402 74,754 16 Cash Deposit 6,500 17 Richard Wong 311403 8,440 19 New Printing Trading 1,800 21 OngSdn. Bhd. 311406 3,246 21 SetiaSuriSdn. Bhd. (2,600 30 Rental 311409 1,800 23 Sinar Enterprise 6,240 31 Balance c/d 33,200 29 Sales 5,000 52,940 52,940 CIMB Islamic Bank Berhad Bank Statement for the month ended 31 March 2014 Date Particulars Reference Debit Credit Balance Marl Balance b/d 23.800 Cr 7,000 30,800 CF 5 Deposit 6 Cheque Cleared 311401 1,500 29.300 Cr 9 Credit Transfer 1.000 30,300 Cr 15 Cheque Cleared 311402 4.754 25.546 Cr 17 Cash Deposit 6,500 32,046 Cr 22 Deposit 1.800 33.846 C 23 Credit Transfer 1,950 35.796 Cr 24 Standing Order: DIGI 25 Cheque Cleared a/e: 4511 440 35,356 Cr 311406 3.246 32,110 Cr 27 Deposit 117223 900 33,010 Cr 30 Bank Charges 120 32.890 CT 31 Interest on Deposit 80 Note: 32,970 CE i. The bank has credited a cheque on 27 March 2014 in error to the company's bank account. This cheque is actually belonged to Colourful Enterprise. ii. The cheque amounting to RM2,600 received from Setia Suri Sdn. Bhd, which has been deposited by the business was marked dishonoured by the payee bank. Required: 2. Prepare an Adjusted Cashbook (bank column) for Colour Blast Printing Enterprise. (7 marks) b. Prepare a Bank Reconciliation Statement as at 31 March 2014. (8 marks) CONTI