Edited Audit

Guide: Read this instructions.
Symbol Instruction
FILE NAME Change the name of your audit firm (PA603 ASSOCIATES)
RED WORKSHEET Change the red worksheet only
CLIENT SDN BHD Change the name of your client's company
1543 Change the figure according to the company financial statements
POSITION Change the name of your group members
SENIOR AUDITOR Change the name of other group members
AC Do not change
Word Do not change
FOR EDUCATION PURPOSE ONLY
PA603 Associates SCHEDULE FOR DETERMINING AUDIT FEE
NAME OF CLIENT : CLIENT SDN. BHD.
AUDIT PERIOD : 31 December 2013
This year last year
( 1 ) TOTAL FIXED & CURRENT ASSETS RM 1,055,154 281,330
(excludes intangible assets, includes
capitalised expenditure & investment )
( 2 ) TOTAL TURNOVER RM 1,878,327 2,130,187
(includes other income)
( 3 ) MINIMUM AUDIT FEE COMPUTATION
(Select ( 1 ) or ( 2 ) whichever is higher RM 1,878,327 2,130,187
to complete below )
Gross Assets / Turnover % Increment Minimum charge Minimum charge
(whichever is higher) ( RM ) ( RM ) ( RM )
1 - 100,000 0.80 800 800 800
Next 100,000 - 250,000 0.35 525 525 $525
Next 250,000 - 500,000 0.25 625 625 625
Next 250,000 - 1 M 0.15 750 750 750
Next 1 M - 2.5 M 0.10 1,500 878 1130.187
Next 2.5 M - 5 M 0.08 2,000 - 0
Next 5M - 10 M 0.075 3,750 - 0
TOTAL 3,578 3830
Above 10 M (Negotiable) 0.07 - - -
MINIMUM AUDIT FEE 3,578 3,830
(4) FLOOR LIMIT FEE FEES COMPUTATION RM 705,103 624,445
(Based on operational expenditure
to complete below)
Operational expenditure ( excludes % Increment Minimum charge Minimum charge
direct cost of sales) ( RM ) ( RM ) ( RM )
Up to 50,000 2.0 1,000 1000 1000
50,000 - 200,000 1.0 1,500 1500 1500
200,000 - 1 M 0.5 4,000 2526 2122
1 M - 2 M 0.2 2,000 - 0
Above 2 M 0.1 - -
TOTAL 5,026 4,622
( 5 ) ACTUAL AUDIT FEE ( Based on the computation)
Select ( 3 ) or ( 4 ) whichever is lower RM 3,578 3,830
(6) Previous year audit fee RM 30,000
(7) Actual / time cost RM 1,700
(8) Suggested audit fee RM 3,600
(9) Clients provisions RM 2,625 include other charges
AJE RM -
(10) As approved by manager RM
PREPARED BY : APPROVED BY :
SENIOR AUDITOR
POSITION
A11
241634326.xls.ms_office
<BS>
MUSHAN RESOURCES SDN BHD Prepared by : ZULKIFLI
Date : 10.8.2013
Balance Sheet
Reviewed by : MUIZ
31.12.2013 Date : 13.8.2013
31.12.2013 31.12.2012
RM Dr Cr RM RM
NON-CURRENT ASSETS <A1> 1,178,921.00 1,178,921.00 1,151,738.00
CURRENT ASSETS
Trade receivables <A6> 2,804,988.00 2,804,988.00 3,626,335.00
Other receivables, prepayment and deposit 30 15,292.00 15,292.00 4,664.00
Cash and bank balances <K-I> 132,060.00 - - 132,060.00 22,322.00
Tax Refundables <N-I> 29,428.00 29,428.00 20,621.00
2,981,768.00 2,981,768.00 42,943.00
CURRENT LIABILITIES
Amount due To Directors 56,000.00 56,000.00 93,053.00
Trade Creditors <F1> 2,821,995.00 2,821,995.00 3,459,351.00
Bank Borrowings 481,150.00 481,150.00 398,238.00
Other payables and accruals <M-I> 76,232.00 76,232.00 108,023.00
3,435,377.00 3,435,377.00 4,058,665.00
NET CURRENT ASSETS (453,609.00) (453,609.00) 384,723.00
725,312.00 725,312.00 767,015.00
Financed by:
Reserves <CF> 224,753.00 224,753.00 213,871.00
Share capital <T-I> 250,000.00 - 250,000.00 250,000.00
Shareholder Funds 474,753.00 474,753.00 463,871.00
NON CURRENT LIABITIES
Term Loan 207,459.00 207,459.00 212,796.00
Deferred Taxation 22,734.00 22,734.00 20,557.00
Hire Purchase Creditors 20,366.00 20,366.00 69,791.00
725,312.00 725,312.00 767,015.00
<A15>
FOR EDUCATION PURPOSES ONLY
<A7>
CLIENT SDN BHD Prepared by : ZULKIFLI
Date : 10.8.2013
Cash in hand and at bank
Reviewed by : SENIOR AUDITOR
31.12.2013 Date : 13.8.2013
Bal as per Adjustment 2013 2012 Variance
client Dr Cr RM RM ' 000
Cash at bank:-
Maju Jaya Bank Berhad 132,060.00 - - 132,060.00 22,322.00 109.74
Jaya Branch
No 1, Jalan 1,
Pusat Bandar Jaya,
10700, Jaya, Penang.
(No. account)
Cash in hand:- - - -
Petty cash - - -
132,060.00 - - 132,060.00 22,322.00 109.74
A12
Workdone :
BS checked
Agreed as per GL
Check to bank statement
check to cheque butt
comfirmation sent out
casting checked
Finding :
Balance as per a bank account had been reconcile with balance as per bank statement.
Conclusion :
The above account have been verified to show true and fairview.
241634326.xls.ms_office <A4>
MUSHAN RESOURCES SDN BHD Prepared by ZULKIFLI
Date 10.8.2013
Trade Receivables
31.12.2013 Reviewed by MUIZ
Date 13.8.2013
Ref Bal as per Adjustment 2013 2012 Variance
Trade receivables <H-I/2> 2,804,988.00 - - 2,804,988.00 3,626,335.00 (821.35)
Provision for doubtful debts - - - - - -
2,804,988.00 - - 2,804,988.00 3,626,335.00 (821.35)
A12
Workdone:
Check to invoice
Check to income progress claim
Agreed as per GL
Conclusion :
<L-1>
Prepared by : POSITION
Trade payables Date : 10.8.2013
31.12.2013
Reviewed by: SENIOR AUDITOR
Date : 14.3.2014
Bal as per Adjustment 31.12.2013 31.12.2012 Variance
Trade payables 2,821,995.00 2,821,995.00
2,821,995.00 - - - 2,821,995.00 -
Workdone: <A12>
Check to invoice
Agreed as per GL
Check to OR
Agreed as per aging
<C-I/1>
Date 10.8.2013
Fixed Assets
Reviewed by MUIZ
Date 13.8.2013
COST
Bal as at Addition Disposal Bal as at
31/12/2012 31/12/2013
Machinery - 3,598.00 - 3,598.00
Motor vehicle - 6,000.00 - 6,000.00
Office equipment - 8,631.90 - 8,631.90
3,598.00 - 18,229.90
<C1> <C1> <C1>
ACC'D DEPRECIATION
Bal as at Addition Disposal Bal as at
31/12/2012 31/12/2013
Machinery - 239.87 - 239.87
Motor vehicle - 700.00 - 700.00
Office equipment - 215.80 - 215.80
- 1,155.66 - 1,155.67
<C1> C1> <C1>
NBV Depreciation
2013 2012 2012
Machinery 3,358.13 - -
Motor vehicle 5,300.00 - -
Office equipment 8,416.10 - -
17,074.23 - -
A12
Workdone :
Agreed as per GL
Check to depreciation schedule
Finding :
For purchased on new assets, the depreciation is taken up on straight line basis based on the
month the asset was purchased.
Conclusion :
<J-I/1>
Date 10.8.2013
Amount due to directors
Reviewed by MUIZ
31.12.2013 Date 13.8.2013
Ref: Bal as per Adjustment 31.12.2013 31.12.2012 Variance
Amount due to directors:- <J-1/2> 56,000.00 - - 56,000.00 93,053.00 (37.05)
56,000.00 - - 56,000.00 93,053.00
A12
Workdone :
Agreed as per GL
Checked to bank statement
Conclusion :
The above account has been verified to show true and fairview.
<L-I/1>
CLIENT SDN BHD Prepared by ZULKIFLI
Trade Receivables Date 10.8.2013
31.12.2013
Reviewed by SENIOR AUDITOR
Date 13.8.2013
Ref: Bal as per Adjustment 2013 2012 Variance
Catering service 6,357.35 - - 6,357.35 - 6.36
6,357.35 - - 6,357.35 - 6.36
A12
Workdone:
Check to invoice
Check to income progress claim
Agreed as per GL
Conclusion :
<L2>
Prepared by : ZULKIFLI
Other payables and accruals Date : 10.8.2013
31.12.2013 Reviewed by: SENIOR AUDITOR
Date : 13.8.2013
Ref: Bal as per Adjustment 2013 2012 Variance
Other payables:
Loan 48,118.33 48,118.33 19,347.00
Distribution Sdn Bhd 96,233.00 96,233.00
Accruals:
Audit fee accrual 2,600.00 2,600.00 800.00
Directors' remuneration - - 18,871.50
Secretarial fees accrual - - 650.00
Tax agent fee acrual 450.00 450.00
Accounting fees acrual 1,200.00 1,200.00
148,601.33 - - 148,601.33 39,668.50
A12
Workdone :
Agreed as per GL
Agreed as per statement
Agreed as per bank statement
Agreed to last audited balance
Casting checked
Conclusion :
The above account have been verified to show true and fairview
241634326.xls.ms_office <N>
Prepared by POSITON
Accumulated profit Date 10.8.2013
31.12.2013 Reviewed by SENIOR AUDITOR
Date 13.8.2013
Bal as per Adjustment 31/12/2013 31.12.2012 Variance
Accumulated profit b/f 6,196.27 - - 6,196.27 3,902.99 2.29
Current year (loss) / profit (674.42) (674.42) 2,293.28 (2.97)
Accumulated profit c/f 5,521.85 - - 5,521.85 6,196.27 (0.67)
A12
Workdone :
Conclusion :
Prepared by POSITON
Date :14-01-2014
Income Statement
Date :14-3-2014
w/p As per client Adjustment 2013 2012 Variance
ref RM Dr Cr RM RM RM'000
(A) (B) (A) - (B)
Contract income :
Catering <IS1> 94,623.40 94,623.40 - 94.62
Dobi 50,210.25 50,210.25 50.21
144,833.65 144,833.65 - 144.83
Less : Cost of contract:
Contract catering -
Purchase material <IS2-1> 76,340.21 76,340.21 - 76.34
Rental 750.00 750.00 - 0.75
Wages 34,600.00 34,600.00 - 34.60
Cleaning 715.85 715.85 - 0.72
Course and seminar 150.00 150.00 - 0.15
Upkeep equipment 339.00 339.00 - 0.34
Contract Dobi -
Purchase material <IS2-2> 40,265.63 40,265.63 - 40.27
Rental 3,300.00 3,300.00 - 3.30
Wages 25,766.15 25,766.15 - 25.77
Upkeep machine 780.00 780.00 - 0.78
Upkeep building 3,143.00 3,143.00 - 3.14
186,149.84 186,149.84 186.15
GROSS PROFIT (41,316.19) (41,316.19) - (41.32)
Less : Administrative cost : -
Accounting fees 1,200.00 1,200.00 - 1.20
Audit fees 2,600.00 2,600.00 800.00 1.80
Bank charge 26.00 26.00 240.00 (0.21)
Depriciation 1,155.67 1,155.67 1.16
Directors' remuneration-ahamad - - 24,000.00 (24.00)
Directors' remuneration-abd hamid - - 10,000.00 (10.00)
Document & tender - - 7,480.00 (7.48)
EPF - - 5,250.00 (5.25)
Food and refreshment 163.90 163.90 - 0.16
Lisence & permit <IS3-1> 890.00 890.00 1,960.00 (1.07)
Petrol, toll and parking <IS3-2> 9,709.02 9,709.02 9.71
Printing and stationery <IS3-3> 3,577.55 3,577.55 14.00 3.56
Secretarial fee 200.00 200.00 950.00 (0.75)
Tax agent fee 450.00 450.00 - 0.45
Under provision secretarial fee - - 200.00 (0.20)
Telephone and multimedia <IS3-4> 1,604.35 1,604.35 - 1.60
Uniform and accessories 755.40 755.40 0.76
Upkeep vehicle <IS3-5> 5,756.50 5,756.50 - 5.76
Water and electricity <IS3-6> 1,578.31 1,578.31 - 1.58
- - - -
29,666.70 29,666.70 50,894.00
PROFIT BEFORE TAXATION (70,982.89) (70,982.89) (50,894.00) (20.09)
Add : Hibah - - - -
Less : Taxation <O> - - -
PROFIT FOR THE YEAR (70,982.89) (70,982.89) (50,894.00) (20.09)
A12
Prepared by POSITON
Date :14-01-2014
Income Statement
Date :14-3-2014
w/p As per client Adjustment 2013 2012 Variance
ref RM Dr Cr RM RM RM'000
(A) (B) (A) - (B)
<E1>
Prepared by : ZULKIFLI
Share capital Date : 10.8.2013
Reviewed by : SENIOR AUDITOR
Date : 13.8.2013
Ref: Bal as per Adjustment 31.12.2013 31.12.2012 Variance
Mastura Binti Lamin 200,000.00 200,000.00 200,000.00
Nani Binti Don - - - 100,000.00
Jebat Bin Johar 300,000.00 - - 300,000.00 200,000.00
500,000.00 - - 500,000.00 500,000.00 -
Finding :
Have change in director's shareholdings.
Date Date
I/C appointed resigned Bought Sold Balance
Directors
Mastura Binti Lamin 771109-00-5001 1.11.2002 - - 200,000.00
Nani Binti Don 660805-00-5000 1.11.2002 28.9.2011 - 100,000.00 -
Jebat Bin Johar 881215-00-5333 12.7.2010 100,000.00 - 300,000.00
Workdone: A12
Agreed as per GL
Sight to Form 24 and M&A
Agreed to last audited balance
Casting checked
Agreed as per balance sheet
Conclusion :
20
CLIENT SDN BHD Prepared by ZULKIFLI
Fixed deposits Date 10.8.2013
31.12.2013
Date : 13.8.2013
Maju Bank Berhad - - - - -
- - - -
- - - -
- - - - - -
BS
Finding :
Principal Maturity
FDR NO. Amount Date
-
Conclusion :
Fairly stated
AJE
Date 10.8.2013
Adjustment Jurnal Entry Reviewed by MUIZ
31.12.2013 Date 13.8.2013
Particulars Profit & Loss Balance Sheet
Dr Cr Dr Cr
1 Dr. Director's fee 24,000.00
Cr. Amount due by director 24,000.00
(Being Director fee carged for the year 2008)
2 Dr. Secretary fee 550.00
Cr. Secretary fee accrual 550.00
(Being secretary fee charged for the year 2008)
3 Dr. Audit fees - PL 2,500.00
Cr. Audit fee accrual 2,500.00
(Being audit fee charged for the year 2008)
4 Dr. Director remuneration 3,000.00
TOTAL 30,050.00 - - 30,050.00
RJE
Date 10.8.2013
Reclassification Journal Entry Reviewed by MUIZ
31.12.2013 Date 13.8.2013
Particulars Profit & Loss Balance Sheet
Dr Cr Dr Cr
1 Dr. Amount due to director 21,246.36
(Reclassification of account)
TOTAL - - 21,246.36 21,246.36
FOR EDUCATION PURPOSE ONLY 17 out of 41
<A5>
Date 10.8.2013
Others debtors and deposits
Date 13.8.2013
Ref Bal as per Adjustment 31.12.2013 31.12.2012 Variance
Loan Interest Suspen 30-Jan 10,417.23 - - 10,417.23 10.42
Provision for doubtful debts - - - - - -
10,417.23 - - 10,417.23 - 10.42
A12
Workdone :
Agreed as per GL
Sight to bank statement
Vouched to business fund account statement
Casting cecked
Conclusion :
F3
- Prepared by POSITION
Date 10.8.2013
Provision for doubtful debt
Date 14.3.2014
Provision for doubtful debts - - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - - - -
<F>
Finding :
Conclusion :
Fairly stated
30-2
Provision for doubtful debts Date 10.8.2013
31.12.2013
Date 13.8.2013
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - - - -
<30>
Finding :
Conclusion :
Fairly stated
<30-1>
Date 10.8.2013
Others debtors and deposits
Date 13.8.2013
- -
Other debtors:
Loan Interest Suspen 10,471.23 10,471.23 - 10.47
- - -
10,471.23 10,471.23 - 10.47
- - -
Deposit: - - -
- - -
- - -
- - -
- - -
- - -
- - - 20.94
10,471.23 - - 10,471.23 - 31.41
<30>
Finding :
Conclusion :
Fairly stated
<B2>
CLIENT SDN BHD Prepared by POSITION
Date :14-01-2014
Income Statement
Date :14-3-2014
COST OF CONTRACT
Below are the samples taken for monthly purchases basis sampling based on purchase >RM120,000 per month.
W/e ref. Amount (RM)
-
-
-
-
-
-
-
-
PV, OR, IS 27,173.89
July'12 36,695.67
August'12 12,470.65
63,869.56
<IS2> 76,340.21
Workdone:
Check with supporting document
Sight to bank slip
Agreed as per GL
Finding:
Sampling : RM 63,869.56 / RM 76,340.21 x 100 = 84%
Conclusion :
January'12
February'12
March'12
April'12
31.12.2013
Purchase
May'12
June'12
October'11
September'11
November'11
December'11
<B2>
<B2>
Date :14-01-2014
Income Statement
Date :14-3-2014
COST OF CONTRACT
Below are the samples taken for monthly purchases basis sampling based on purchase >RM120,000 per month.
W/e ref. Amount (RM)
-
-
1,298.00
9,640.50
10,256.44
4,427.70
3,030.06
557.00
4,037.59
PV, OR, IS 4,592.36
July'12 2,000.98
August'12 425.00
32,954.59
<IS2> 40,265.63
Workdone:
Check with supporting document
Sight to bank slip
Agreed as per GL
Finding:
Sampling : RM 32,954.59 / RM 40,265.63 x 100 = 81%
Conclusion :
January'12
February'12
March'12
April'12
May'12
June'12
31.12.2013
Purchase
September'11
October'11
November'11
December'11
<B2>
CLIENT SDN BHD Prepared by POSITON
Date :14-01-2014
Income Statement
Date :14-3-2014
EXPENSES
Amount (RM)
890.00
<IS> 890.00
Workdone :
* Agreed as per GL
Conclusion :
Type of expense
Lisence & permit
SENIOR AUDITOR
Date :14-01-2014
Income Statement
Date :14-3-2014
EXPENSES
Amount (RM)
9,709.02
<IS> 9,709.02
Workdone :
* Agreed as per GL
Conclusion :
Type of expense
Petrol, toll and parking
Date :14-01-2014
Income Statement
Date :14-3-2014
EXPENSES
Amount (RM)
3,577.55
<IS> 3,577.55
Workdone :
* Agreed as per GL
Conclusion :
Type of expense
Printing and stationery
Date :14-01-2014
Income Statement
Date :14-3-2014
EXPENSES
Type of expense Amount (RM)
1,604.35
<IS> 1,604.35
Workdone :
* Agreed as per GL
Conclusion :
Telephone and multimedia
Date :14-01-2014
Income Statement
Date :14-3-2014
EXPENSES
Amount (RM)
5,756.50
<IS> 5,756.50
Workdone :
* Agreed as per GL
Conclusion :
Type of expense
Upkeep vehicle
Date :14-01-2014
Income Statement
Date :14-3-2014
EXPENSES
Amount (RM)
1,578.31
<IS> 1,578.31
Workdone :
* Agreed as per GL
Conclusion :
Type of expense
Water and electricity
241634326.xls.ms_office 60-2
MUSHAN RESOURCES SDN BHD Prepared by : Marzuan
FIXED ASSETS REGISTER Date : 15/3/2004
31.12.2013
Reviewed by :
Date :
Opening Closing Opening Closing Net Book
No. Assets Year Rate Balance Additional Disposal Balance Balance Additional Disposal Balance Value
Computer & equipment
1 Accessories 2003 40% - 1,600.00 - 1,600.00 - 266.67 - 266.67 1,333.33
2 Computers - Pentium II 2003 40% - 700.00 - 700.00 - 46.67 - 46.67 653.33
3 Personel Comp. 2003 40% - 300.00 - 300.00 - 20.00 - 20.00 280.00
- 2,600.00 - 2,600.00 - 333.33 - 333.33 2,266.67
Furniture & fittings
1 Carpets 2003 10% - 376.00 - 376.00 - 37.60 - 37.60 338.40
2 Vertical blind 2003 10% - 513.00 - 513.00 - 51.30 - 51.30 461.70
3 Furnitures 2003 10% - 500.00 - 500.00 - 50.00 - 50.00 450.00
- 1,389.00 - 1,389.00 - 138.90 - 138.90 1,250.10
Tools and machineries
1 Cutter 2003 20% - 12.00 - 12.00 - 0.20 - 0.20 11.80
2 Pipe cutter 2003 20% - 20.00 - 20.00 - 0.33 - 0.33 19.67
3 Gergaji 2003 20% - 9.00 - 9.00 - 0.15 - 0.15 8.85
4 Bosch Rotary hammer 2003 20% - 769.50 - 769.50 - 153.90 - 153.90 615.60
5 10" Orex HD Groove joint plier 2003 20% - 19.50 - 19.50 - 3.90 - 3.90 15.60
6 160mm TY Heavy Duty Cutter 2003 20% - 8.00 - 8.00 - 1.60 - 1.60 6.40
7 160mm TY Heavy Duty Cutter 2003 20% - 8.00 - 8.00 - 1.60 - 1.60 6.40
8 ST606 Shell Cable Cutter 2003 20% - 18.00 - 18.00 - 3.60 - 3.60 14.40
9 6" SKT Japan Plier 2003 20% - 7.50 - 7.50 - 1.50 - 1.50 6.00
10 8" Diamond Long Nose Plier 2003 20% - 4.00 - 4.00 - 0.80 - 0.80 3.20
11 5" Eye Brand Micro Nipper 2003 20% - 9.00 - 9.00 - 1.80 - 1.80 7.20
12 5" Eye Brand Micro Nipper 2003 20% - 9.00 - 9.00 - 1.80 - 1.80 7.20
13 4" Crystoline Topwin Test Pen 2003 20% - 7.00 - 7.00 - 1.40 - 1.40 5.60
14 M113 Large Cutting Knife 2003 20% - 2.80 - 2.80 - 0.56 - 0.56 2.24
15 13mm Tomhawk Comb. 2003 20% - 7.80 - 7.80 - 1.56 - 1.56 6.24
16 13mm Tomhawk Comb. 2003 20% - 7.80 - 7.80 - 1.56 - 1.56 6.24
17 12mm Tomhawk Comb. 2003 20% - 7.00 - 7.00 - 1.40 - 1.40 5.60
18 17mm Tomhawk Comb. 2003 20% - 10.80 - 10.80 - 2.16 - 2.16 8.64
19 6" Maxpower Spauw 2003 20% - 6.40 - 6.40 - 1.28 - 1.28 5.12
20 6" Maxpower Spauw 2003 20% - 6.40 - 6.40 - 1.28 - 1.28 5.12
21 12" Maxpower Spauw 2003 20% - 15.00 - 15.00 - 3.00 - 3.00 12.00
22 8.24" x 14 PCS Venus Comb. Spauw 2003 20% - 16.00 - 16.00 - 3.20 - 3.20 12.80
23 AF Seahawk Folding Alloy Keys 2003 20% - 13.00 - 13.00 - 2.60 - 2.60 10.40
24 102 x 4 Rubicon Japan S/Driver 2003 20% - 6.60 - 6.60 - 1.32 - 1.32 5.28
25 107 x 4 Rubicon Japan S/Driver 2003 20% - 8.40 - 8.40 - 1.68 - 1.68 6.72
26 4" Mitco Metalcone S/Driver 2003 20% - 2.20 - 2.20 - 0.44 - 0.44 1.76
27 6" x 6mm Metalcone S/Driver 2003 20% - 2.30 - 2.30 - 0.46 - 0.46 1.84
28 8" Metalcone S/Driver 2003 20% - 3.30 - 3.30 - 0.66 - 0.66 2.64
29 3.5 x 52mm Philip Test Pen 2003 20% - 2.50 - 2.50 - 0.50 - 0.50 2.00
30 40 x 120mm Philip Test Pen 2003 20% - 6.00 - 6.00 - 1.20 - 1.20 4.80
31 9" Torpedo Magnetic Lever 2003 20% - 5.50 - 5.50 - 1.10 - 1.10 4.40
32 4.ml TLT S/Driver 2003 20% - 13.00 - 13.00 - 2.60 - 2.60 10.40
33 6pcs USA Micholsen S/Driver 2003 20% - 18.50 - 18.50 - 3.70 - 3.70 14.80
Costs Accumulated depreciation
241634326.xls.ms_office 60-2
MUSHAN RESOURCES SDN BHD Prepared by : Marzuan
FIXED ASSETS REGISTER Date : 15/3/2004
31.12.2013
Reviewed by :
Date :
Opening Closing Opening Closing Net Book
No. Assets Year Rate Balance Additional Disposal Balance Balance Additional Disposal Balance Value
Costs Accumulated depreciation
34 18" Toko Water Level 2003 20% - 10.00 - 10.00 - 2.00 - 2.00 8.00
35 27mm Mitco Fibre 2003 20% - 11.00 - 11.00 - 2.20 - 2.20 8.80
36 18" Tool Bag 2003 20% - 13.00 - 13.00 - 2.60 - 2.60 10.40
37 12" x 24T Saw Blade 2003 20% - 3.30 - 3.30 - 0.66 - 0.66 2.64
38 12" x 24T Saw Blade 2003 20% - 3.30 - 3.30 - 0.66 - 0.66 2.64
39 12" x 24T Saw Blade 2003 20% - 3.30 - 3.30 - 0.66 - 0.66 2.64
40 Tools 2003 20% - 1,113.00 - 1,113.00 - 222.60 - 222.60 890.40
41 Cutter & Blades 2003 20% 1,200.00 - 1,200.00 - 240.00 240.00 960.00
42 Tools 2003 20% - 2,900.00 - 2,900.00 - 580.00 - 580.00 2,320.00
- 6,318.70 - 6,318.70 - 1,256.22 - 1,256.22 5,062.48
Motor vehicles
1 Mitsubishi Pajero - PCA 6716 2003 20% - 22,800.00 - 22,800.00 - 380.00 - 380.00 22,420.00
- 22,800.00 - 22,800.00 - 380.00 - 380.00 22,420.00
Office equipment
1 Motorolla T5620 2003 10% - 370.00 - 370.00 - 3.08 - 3.08 366.92
2 Writing Table 2003 10% - 150.00 - 150.00 - 1.25 - 1.25 148.75
3 WritingChairs 2003 10% - 100.00 100.00 - 0.83 - 0.83 99.17
4 Mobile Pedestal 2003 10% - 30.00 30.00 - 0.25 - 0.25 29.75
5 Stool 2003 10% - 20.00 20.00 - 0.17 - 0.17 19.83
6 Fan 2003 10% - 50.00 50.00 - 0.42 - 0.42 49.58
7 Round Table 2003 10% - 40.00 40.00 - 0.33 - 0.33 39.67
8 Fax Machines 2003 10% - 499.00 499.00 - 16.63 - 16.63 482.37
9 York Air-Cond 2003 10% - 1,180.00 1,180.00 - 118.00 - 118.00 1,062.00
- 2,439.00 - 2,439.00 - 140.97 - 140.97 2,298.03
<B>
Date 1.1.2014
Income Statement
Date 14.3.2014
B1 REVENUE
Below are the samples taken for monthly sales; basis sampling based on sales>RM19,000 per month.
Months Amount (RM)
January 7,884.90
February 4,775.50
March 15,798.60
April 16,573.51
May 15,994.21
June 19,955.40
July 20,218.90
August 5,812.00
September 8,127.00
October 34,912.00
November 19,342.90
December 89,943.50
259,338.42
B
Sampling = 184,372.70 / 259,338.42 = 71%
B2 PURCHASES
Below are the samples taken for monthly sales; basis sampling based on sales>RM16,000 per month.
Months Amount (RM)
January 21,454.98
February 3,433.80
March 20,302.44
April 14,873.55
May 15,558.47
June 16,067.65
July 17,312.75
August 3,066.20
September 4,672.60
October 9,461.30
November 3,002.70
December 42,253.85
171,460.29
B
Workdone:
: Sight and agreed to invoices Sampling = 120,394.37/171,460.29=70%
: Checked to payment voucher
: Vouced to official receipts
: Vouced to bank statement
PV, OR,SI
BS, OR,SI
BS, OR,SI
BS, OR,SI
BS, OR,SI
BS, OR,SI
PV, OR,SI
PV, OR,SI
PV, OR,SI
PV, OR,SI
241634326.xls.ms_office <B4>
Prepared by POSITION
Directors' fee Date 1.1.2014
Mastura Binti Lamin
Jebat Bin Johar Reviewed by SENIOR AUDITOR
Date 14.3.2014
Mastura Binti Lamin 25,500.00 - 25,500.00 - 25.50
Jebat Bin Johar 25,500.00 25,500.00 - 25.50
- - -
- - -
51,000.00 - - 51,000.00 - 51.00
Finding : B
RM
Profit before distribution of directors' fee 52,489.11
Distribution;
Mastura Binti Lamin 25,500.00
Jebat Bin Johar 25,500.00 (51,000.00)
Profit after distribution/before taxation 1,489.11
Workdone :
Confirmation sent out
Agreed by client
Conclusion :
120-2
Bank Charges Date 1.1.2014
Maju Jaya Bank Berhad
Date 14.3.2014
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - - - - -
Finding :
Bal as per
client BC Hibah Interest Difference
Maju Jaya Bank Berhad
A/c No: 12345678 - -
Best Bank Berhad
A/c No: 23456789 - 10.00 - - (10.00)
A/c No: 23456777 - 20.00 - - (20.00)
A/c No: 23456888 - OD - 312.55 - 5,066.72 (312.55)
A/c No: 23456666 - OD - 337.58 - 14,105.30 (337.58)
A/c No: 23455555 - OD - - - - -
Simple Bank Berhad
A/c No: 5678912 - 197.00 - - (197.00)
- 877.13 - 19,172.02 (877.13)
Conclusion :
Fairly stated
Bal as per
audit
<150-3>
Date 1.1.2014
Income Statement
Expenses: Reviewed by SENIOR AUDITOR
Date : 14.3.2014
Directors remuneration
Name Amount ( RM )
Mastura Binti Lamin RM2,000X 12 month 24,000.00
24,000.00
<P/L>
Agreed as per GL
Vouched to Bank Statement
Check casting
<150-6>
Date 1.1.2014
Income Statement
Expenses: Reviewed by SENIOR AUDITOR
Date : 14.3.2014
Rental of office
Payee Period (mths) Amount(RM) Amount (RM) Total (RM)
Unit 11-17 - 11th Floor 5 400.00 1,100.00 5,500.00
Unit 15-23 - 15th Floor 1 500.00 4,425.00 4,425.00
Unit 18-05 - 18th Floor 3 500.00 1,500.00 4,500.00
14,425.00
<P/L>
Workdone:
Vouched to Bank Statement
Check casting
Agreed as per GL
<E1>
Prepared by : POSITION
Accumulated loss Date : 25.1.2014
31.8.2013 Reviewed by : SENIOR AUDITOR
Date : 14.3.2014
Accumulated loss b/f (76,646.00) - - (76,646.00) (25,752.00) (50.89)
Current year loss (70,982.89) (70,982.89) (50,894.00) (20.09)
Accumulated loss c/f (147,628.89) - - (147,628.89) (76,646.00) (70.98)
A12
Workdone :
Agreed to trial balance
Casting checked
Conclusion :
241634326.xls.ms_office <N-1>
CLIENT SDN BHD Prepared by : POSITION
Date : 25.1.2014
Amount Due By Director:
31.8.2012 Reviewed by : SENIOR AUDITOR
Date : 14.3.2014
Amount owing by directors 447,892.70 447,892.70 480,660.50
447,892.70 - - 447,892.70 480,660.50 -
<A12>
Workdone
Agreed as per GL
comfirmation sent
Casting checked
Conclusion :

Edited Audit

Transféré par

Informations du document

Copyright

Formats disponibles

Partager ce document

Partager ou intégrer le document

Options de partage

Avez-vous trouvé ce document utile ?

Ce contenu est-il inapproprié ?

Droits d'auteur :

Formats disponibles

Edited Audit

Transféré par

Droits d'auteur :

Formats disponibles

Guide: Read this instructions.

Vous aimerez peut-être aussi