H4037 FINANCIAL ACCOUNTING IN TOURISM

TOPIC 2: DEPRECIATION OF FIXED ASSET

Answer ALL the following questions below.

18 Purchased goods of RM4,200 from Suria
EXERCISE 2.1 Trading, where RM1,200 paid by cheque and the
balance will be paid next month.
The following information was extracted from the books of
Nona Manis Trading as at 31 April 2009. 20 Withdraw cash from bank of RM400 for office
use.
Motor van 45,000 Capital 63,000
Debtors 6,200 Creditors 6,400 24 Received cheque of RM2,500 from sales.
Bank 22,000 Netprofit 5,500
Cash 3,200 Accruedrent 1,500 26 Sold goods to Zaman of RM4,000, which will be
76,400 76,400 paid by 5 installments on the following months.

The following transactions appeared in the month of May 28 The owner draw cash of RM500 for personal use.
2008.:

2009 You are required to prepare Work Sheet as at 31 May 2009.

May 1 Received loan of RM6,000 from Bank Rakyat.
(25 MARKS)
3 Bought a motorcycle of RM5,000 by cheque for
business use. The depreciation for motorcycle is
10% per annum, using the straightline method.

4 Sold goods on credit to Naza RM1,300.

8 Paid 1/3 of accrued rent by cheque.

12 Received cheque of RM2,100 from a debtor.

15 Paid by cheque of RM820 for water, electricity

and telephone bills.
 H4037 FINANCIAL ACCOUNTING IN TOURISM
TOPIC 2: DEPRECIATION OF FIXED ASSET

EXERCISE 2.2
Effendy is the owner of MAFA Sdn Bhd which offers the rental service of
recreation equipments for tourists in Pulau Tuba. The summary of the
financial information as at 1 April 2009 was as follows:.
6 On 12 October 2009, the owner took all computers in the office
for his personal use and bought 2 new computers for the
company by cheque of RM3,299 each. The depreciation for a
new computer was estimated of 20% per annum, using the
straightline method.

RM RM 7 Paid half of accrued insurance by cheque.

Capital 237,308 Equipments 251,426 8 Withdraw cash in bank of RM3,200 for business use.
Accrued 3,200 Fittings 6,420
insurance Computer 4,230 9 Paid salaries by cash of RM4,500.
Net profit 34,245 Debtors 4,123
Loan 14,600 Bank 28,500
Creditors 8,546 Cash 3,200 10 On 25 May 2006, the owner bought 10 fishing rods of RM50
each. Half the cost was paid by cash and the balance will paid
on the next month.

11 Received cheque from a debtor of RM650.

The following transactions were appeared throughout the accounting period
ended 31 May 2010:
12 Paid ¼ of the loan by cheque.
1 Received cheque of M16,230 from Syarikat Midas atas for the
13 On 30 May 2010, the owner disposed one of the computers
service.
bought on 12 Oktober 2009 to his friend with the price of
RM3,000. The money was deposited in bank.
2 On 20 April 2010, the owner bought 4 canoes of RM1,245 each,
where the payment made for 2 canoes only. The balance will be
paid on July 2006.
You are required to prepare Work Sheet as at 31 May 2010.
3 Rama rent the diving equipments for a month, where the rental
(25 MARKS)
costs for a week was RM315.The payment was made by
cheque.

4 Bought fittings by cheque of RM1,256.

5 Received cheque of RM2,300 from Shahdan for deposits on

booking of the equipments for the event in June 2006.
 H4037 FINANCIAL ACCOUNTING IN TOURISM
TOPIC 2: DEPRECIATION OF FIXED ASSET

EXERCISE 2.3 RM6,540 with three installments starting in

Naufara Sdn Bhd which produce T-Shirt as souvenir to tourists June.The payment was made by cheque.
summarized the accounting information as at 31 May 2010 as 5 Received invoice from Harimau Sdn Bhd on

follows: purchase of three sewing machines which cost

RM1,650 each.
6 Received cheque of RM9,569 from TX Travel on
RM RM
Premise 204,512 Capitals 351,822 purchases.
Motor Vehicle 240,000 Net profits 262,846 9 The owner brought in his wife’s sewing machine
Sewing Machine 21,000 Loan 124,000 of RM3,500 for business use.
Furnitures 25,200 Creditors 10,234 10 Sold 1,500 pieces of T-Shirts which cost RM65
Office 15,687 Accrued Tax 1,248
each to tourists at Cherating Pahang. The money
Equipment
Debtors 9,201 Accrued Audit 3,456 have been bank in.
12 Paid by cheque all the unpaid expenses in May.
Fees 13 Withdrew cash of RM4,000 in bank for business
Bank 231,458
Cash 6,548 use.
753,606 753,606 14 Paid donation by cash of RM4,540.
18 Received cash of RM4,589 from debtors.
21 Paid creditors by cheque of RM2,562.
23 Bought printer by cheque of RM3,200.
24 Deposited cash of RM3,000 in bank.
25 Purchased thread by cheque of RM1,523.
27 Bought used van on hirepurchase of RM45,000.
The transactions occured in Jun 2010 were as follows: Down payment of RM15,000 was paid by cheque
2010 and the balance was financed by Maybank
Jun 2 Purchased fabrics from Jakel Sdn Bhd of
Finance Bhd.
 H4037 FINANCIAL ACCOUNTING IN TOURISM
TOPIC 2: DEPRECIATION OF FIXED ASSET

28 The owner brought in his Japanese table of

RM2,500 for business use.
30 Sold part of his premises which was bought in 10
May 2010 with cost of RM120,000. The
depreciation on the premise is 10% per annum
using the straightline method. The provision for
depreciation for this premise on 1st. June 2010
was RM1,000. Received cheque of RM122,000
on sale.

(25 MARKS)