Selalu Sukses Sdn. Bhd. owned by Hsalut is a business specializing in trading nasi lemak: Accounting Assignment, UM, Malaysia
| University | Universiti Malaya (UM) |
| Subject | Accounting |
- Selalu Sukses Sdn. Bhd. owned by Hsalut is a business specializing in trading nasi lemak. The following balances were extracted from the books of Selalu Sukses Sdn. Bhd. as of 31st December 2018:
| RM | RM | |
| Cash | 50,900.00 | |
| Bank/overdraft | 15,850.56 | |
| Bank loan | 24,120.00 | |
| Capital | 43,755.00 | |
| Other creditors | ? | ? |
| Trade Debtors/Creditors | ? | 19,570.00 |
| 98,005.95 | 98,005.95 |
- Transactions in 2019
- In January the business recorded credit sales amounted to RM 50,900.
- Purchased pandan leaves, peanuts, and basmati rice using cheque amounted to RM 13,000 in February.
- Purchased a food truck on credit amounted to RM 68,600, somewhere in March.
- In April, one of the customers returned 150 defective nasi lemak amounted to RM 125. It was a credit transaction before.
- In May, cash sales recorded amounted to RM 25,000.
- Purchased a few canopies using a cheque in June. The transaction was recorded at RM 2,350.
- Purchased a lot of banana leaves on credit amounted to RM 500 in August.
- One of the canopies was disposed of for RM 250. The buyer paid half using cash and the remaining amount will be settled next year.
- The owner brought a sofa set valued at RM 2,000 into the business for office use.
- In October, the owner took out 100 in cash for personal use.
- Paid supplier of banana leaves using cheque in full amount in December.
- Prepare:
- Ledgers
- Income statement
- Balance sheet
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