Example Worksheet

Given below is the trial balance as at 31.12.2005

ACE TRADING Trial BalanceDetails Debit

(RM)Bank 20000Trade Receivables(AR)Akaun Belum Terima 12000

Peruntukan Hutang Ragu(Provision for Doubtful Debts)Building 100000

(-)1Depreciation Building 20%Office Equipment 18000

(-)1Depreciation 33.33%Insurance 1800Trade Payables (AP)/Akaun Belum BayarLoanWages 20000SalesPurchases 90000Advertising 12000Water, electricity and telephone 3000Stationery 1800Commision receivableInterest Expense 2000CapitalBelanja Insurans Terdahulu (a)Belanja Telefon terakru (b)Komisyen diterima terakru ©Belanja Faedah Terakru (d)

Belanja Susutnilai bangunan (e)

Belanja Susutnilai peralatan pejabat (f)

Peruntukan Hutang Ragu Trade Receiable (g)

Untung Kasar

Untung BersihTotal 280600

AdjustmentsAt 31.12.2005 the following adjustments are to be made:a) Insurance prepaid of RM600b) Accrued telephone charge RM300c) Commision earned but not received RM1200d) Interest accrued RM400e) Depreciation on building is RM1000f) Depreciation on Office equipment is RM2000g) Provision for doubtful debts is at 5% on debtors.

Asset=Liabilities + Owner Equity + Income - ExpensesEp=Opening Capital+Additional Capital-Ambilan + net Income (-net Loss) = closing capital.

Trial Balance Adjusment Trading Account Profit and LossCredit Debit Credit Debit Credit Debit Credit Debit Credit(RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM)

2000012000

200 400 600100000

20000 1000 2100018000

6000 2000 8000600 1200 1200

14000 1400040000 40000

20000 20000150000 150000 150000

90000 9000012000 12000

300 3300 33001800 1800

3600 1200 4800 4800400 2400 2400

46800 46800600 600

300 3001200 1200

400 400

1000 1000 1000

2000 2000 2000

400 400 400

60000 60000

20700280600 5900 5900 285900 285900 150000 150000 64800 64800

Adjusted Trial Balance

Balance SheetDebit Credit Analisis FSElements(RM) (RM)

20000 BS AS12000 BS AS

600 BS100000 BS AT

21000 BS SNT18000 BS AT

8000 BS SNTP&L Belanja

14000 BS LS40000 BS LJP

P&L BelanjaTrading Ac JualanTrading Ac BelianP&L BelanjaP&L BelanjaP&L BelanjaP&L HasilP&L Belanja

46800 BS Owner Equity600 BS AS

300 BS LS1200 BS AS

400 BS LS

P&L Belanja

P&L Belanja

20700151800 151800 0

ACE TRADING Trading Account for Year Ended 2005 RM RM RM

DetailsSales 150,000.00(-) Return inwards/Pulangan Jualan 0.00Net Sales (Jualan Bersih) 150,000.00

(Less) Cost of Sales/COGS/Kos JualanOpening Stock/Stok Awal/Inventori awal 0Purchasing/Pembelian 90,000.00(-) Return Outwards/Pulangan Belian 0.00Net Purchases/Belian Bersih 90,000.00(+) Carriage inwards/angkutan masuk 0.00(+) Custom duty/duti kastam 0.00Cost of purchases 90,000.00

90,000.00(-) Closing stock/Inventori akhir 0 90,000.00Gross Profit/Untung kasar 60,000.00

ACE TradingProfit and Loss Accounts for the year ended 2005

RM RM RMDetailsGross profit/Untung Kasar 60000(Add) Revenue/Income/HasilDiscount received 4800Rent received 0Commision received 0Bad debt recovered/Hutang Lapuk Terpulih 0Total Income 64800(Less) Expenses:Belanja Insurans 1200Wages/Upah 20000Belanja Iklan 12000Belanja Utiliti 3300Belanja alat tulis 1800Belanja Faedah 2400Belanja Susutnilai bangunan 1000Belanja Susutnilai Pejabat 2000Belanja PHR 400Total expenses 44100Net Profit 20700

ACE TRADINGBalance Sheet as at 31st December 2005

RM RM RMFixed Assets/Aset Tetap/Non Current AssetsBuilding 100,000.00(-) SNT Building 21,000.00

79,000.00Office Equipment 18,000.00(-) SNT Office Equipment 8,000.00

10,000.00

Current Asset/Aset SemasaBank 20,000.00Debtor/Account Receivable/ABT/Akaun Belum Terima 12,000.00(-)Peruntukan Hutang Ragu 600.00Belanja Insurans terdahulu 600.00Komisyen diterima terakru 1,200.00

122,200.00 Debit

Current Liabilities:Creditor/AP/Account Payables/ Akaun Belum Bayar 14,000.00Belanja Telefon terakru 300.00Belanja Faedah Terakru 400.00

Long Term LiabilitiesLoan 40,000.00

Owner's EquityOpening Capital 46,800.00(Add) Net profit 20,700.00(Less) Drawings/Ambilan 0.00(Add) Additional Capital 0.00Closing Capital 67,500.00

122,200.00 Credit

Vertical Form Accounting Period/Tempoh Perakaunan

Trading and Profit and Loss Accounts for the year ended 31st December 2008

RM RM RMSales/Jualan x(-) Return inwards/Pulangan Jualan xNet Sales/Jualan Bersih x

(Less) Cost of Sales/COGS/Kos Jualan Cost of goods soldOpening Stock/Stok Awal/Inventori awal xPurchasing/Pembelian x(-) Return Outwards/Pulangan Belian xNet Purchases/Belian Bersih x(+) Carriage inwards x(+) Custom duty/duti kastam xCost of purchases x

x(-) Closing stock/Inventori akhir x xGross Profit/Untung kasar x

(Add) Revenue/Income/HasilDiscount received xRent received xCommision received xBad debt recovered/Hutang Lapuk Terpulih x x

X(Less) Expenses:Discount allowed xRent/Sewa xGeneral Expenses/perbelanjaan am xRates/Kadar faedah xDepreciation/Susut nilai xProvision of doubtful debt/peruntukan huta xWages and salaries/upah gaji xCarriage outwards x xNet Profit X

Kunci Kira Kira pada Balance Sheet as at 31st December 2008

RM RM RMFixed Assets/Aset Tetap/Non Current AssetsFixtures and Fittings/Lekapan dan lengkapan xFurniture xVehicle (-) belanja susut nilai xPremises x x

Current Asset/Aset SemasaClosing Stock/Stok Akhir/Inventori Akhir xDebtor/Account Receivable/ABT/Akaun Belum Te xCash xBank x

X

(Less) Current Liabilities:Creditor/AP/Account Payables/ Akaun Belum xOverdarft x x

Working Capital xX

Owner's EquityOpening Capital x(Add) Net profit x(Less) Drawings/Ambilan x(Add) Additional Capital xClosing Capital x

Long Term LiabilityBank LoanDebentures xBon X

Two column cash book Three column cash bookCash Book

Date Details F Cash Bank Date Details F Cash Bank Date Details

Three column cash bookCash Book

F Dis Cash Bank Date Details F Dis Cash Bank

Debit (If the amount of the account increase) Credit (If the amount of the account increase)Asset LiabilityPurchases SalesReturn Inwards Return OutwardsExpenses RevenueDrawings Capital