STRUCTURED: 100 MARKS STRUKTUR: 100 MARKAH INSTRUCTION: This section consists of FOUR (4) structured questions. Answer ALL questions. ARAHAN : Bahagian ini mengandungi EMPAT (4) soalan struktur. Jawab SEMUA soalan. QUESTION 1 The following receipt and payment account for the year ended on 30 st September 2014, for the Bandar Sierra Club has been prepared by the treasurer, Encik Airil Hakimi: Bandar Sierra Club Receipt and Payment Account Receipts RM Payments RM Bal b/f 8,700 Salaries 3,000 Membership Fees 9,500 Annual Dinner expenses 7,550 Entrance Fees 7,800 Magazines and newspapers 1,200 Donation 5,000 General expenses 500 Annual Dinner tickets 10,500 Water and electricity 600 Motor vehicles 5,000 Insurance 2,000 Bal c/f 21,650 41,500 41,500 The following information has been given: i) New motor vehicle was bought on 1 st April 2014 and has to be depreciated at 15% rate on cost. ii) Donation received was used to buy motor vehicle. iii) Accounts balance are as follows : 2 SULIT
1 October 2013 30 September 2014 (RM) (RM) Clubhouse 50,000 45,000 Accrued Fees 200 300 Prepaid Fees 520 - Prepaid Insurance 200 300 C4 You are required to prepare: a) Subscription Accounts and Insurance Account b) Income and Expenditure account for the year ended 30 st September 2014 c) Statement of Financial Position as at 30 st September 2014. [10 marks] [10 marks] 3 SULIT
SOALAN 1 Berikut merupakan Akaun Penerimaan dan Pembayaran Kelab Bandar Sierra, bagi tahun berakhir 30 September 2014 yang telah disediakan oleh bendahari kelab, Encik Airil Hakimi: Kelab Bandar Sierra Akaun Penerimaan dan Pembayaran Penerimaan RM Pembayaran RM Baki b/b 8,700 Gaji 3,000 Yuran ahli 9,500 Belanja Majlis Makan Malam 7,550 Yuran masuk 7,800 Majalah dan suratkhabar 1,200 Derma 5,000 Belanja am 500 Tiket Majlis Makan Malam 10,500 Air dan elektrik 600 Kenderaan 5,000 Insurans 2,000 Baki h/b 21,650 41,500 41,500 Maklumat berikut telah diberi: i) Sebuah kenderaan baru dibeli pada 1 Mac 2014 dan perlu disusutnilaikan pada kadar 15% atas kos. ii) Derma diterima adalah untuk membeli kenderaan. iii) Baki akaun adalah seperti berikut : 1 Oktober 2013 (RM) 30 September 2014 (RM) Rumah kelab 50,000 45,000 Yuran terakru 200 300 Yuran terdahulu 520 - Insurans terdahulu 200 300 4 SULIT
Anda dikehendaki menyediakan: a) Akaun Yuran dan Akaun Insuran b) Akaun Pendapatan dan Perbelanjaan bagi tahun berakhir 30 September 2014 [10 markah] C4 c) Penyata Kedudukan Kewangan pada 30 September 2014. [10 markah] QUESTION 2 The following information is an extract from the book of Syarikat Maju Sdn. Bhd. for the year ended 30 April 2014. RM Inventories at 1 May 2013 : Raw materials 17,500 Finished goods 24,800 Work in progress 15,270 Direct wages 138,500 Indirect wages 27,200 Purchase of raw materials 95,600 Power and heating 18,260 Sales 410,400 Insurance 3,680 Sales return (finished goods) 5,200 Inventories at 30 April 2014 : Raw materials 13,200 Finished goods 14,600 Work in progress 15,700 5 SULIT
Additional information: 1. Cost of machinery was RM82,000 and its accumulated provision for depreciation at 1 May 2013 was RM27,000. Machinery was depreciated at a rate of 20% per annum using reducing balance method. 2. Accrued power and heating at 30 April 2014 was RM390 and prepaid insurance was RM240. 3. Insurance should be apportioned of 5/8 for factory and 3/8 for office. You are required to: C4 a) Explain briefly about Primary Cost and Overhead Cost. b) Prepare Manufacturing Account for the year ended 30 April 2014. [10 marks] c) Calculate the net profit by preparing Statement of Comprehensive Income for the year ended 30 April 2014. d) Prepare Extract Statement of Financial Position as at 30 April 2014. SOALAN 2 Berikut adalah maklumat yang diambil dari rekod Syarikat Maju bagi tahun berakhir 30 April 2014. RM Inventori pada 1 Mei 2013: Bahan mentah 17,500 Barang siap 24,800 Kerja dalam proses 15,270 Upah langsung 138,500 Upah tak langsung 27,200 Belian bahan mentah 95,600 Kuasa dan pemanasan 18,260 6 SULIT
Jualan 410,400 Insurans 3,680 Pulangan Jualan (Barang siap) 5,200 Inventori pada 30 April 2014: Bahan mentah 13,200 Barang siap 14,600 Kerja dalam proses 15,700 Maklumat tambahan: 1. Kos mesin adalah RM82,000 dan susutnilai terkumpul pada 1 Mei 2013 adalah RM27,000. Mesin disusutnilai pada kadar 20% setahun menggunakan kaedah baki berkurangan. 2. Kuasa dan pemanasan terakru pada 30 April 2014 adalah RM390 dan insurans terdahulu adalah RM240. 3. Insurans dibahagikan pada nisbah 5/8 untuk kilang dan 3/8 untuk pejabat. Anda dikehendaki: a) Terangkan secara ringkas tentang Kos Prima dan Kos Overhed. b) Sediakan Akaun Perkilangan bagi tahun berakhir 30 April 2014. [10 markah] c) Kira keuntungan bersih dengan menyediakan Penyata Pendapatan Komprehensif bagi tahun berakhir 30 April 2014. C4 d) Sediakan Petikan Penyata Kedudukan Kewangan pada 30 April 2014. 7 SULIT
QUESTION 3 Syarikat Suraya Sdn Bhd has purchased a sewing machine from SINGA Berhad on 1 September 2014 on a hire purchase agreement. Details of hire purchase agreements are as follow: a) The cash price of sewing machine is RM3,870. b) The deposit is RM270. c) Interest is charged at 20% per annum using the straight line method. d) Installments shall be paid at the end of each month for one year. e) Depreciation has been set at 10% per annum. f) Both companies closed their accounts on 31 December every year. On 22 February 2015, Syarikat Suraya Sdn Bhd involved in a fire accident and that sewing machine was totally burn. The company decided to write off the sewing machine immediately and agreed to pay final payment to SINGA Berhad with amount of RM2,000. Syarikat Suraya Sdn Bhd entitled to claim an insurance and received RM2,500 as a claim. You are required to: CLO2 CLO2 CLO2 a) Show the calculation of total installment and monthly installment for Syarikat Suraya Sdn Bhd. b) Prepare: (i) Sewing Machine Account [2 marks] (ii) SINGA Berhad Account (iii) Hire Purchase Interest Suspense Account [3 marks] c) Calculate profit or loss from disposal of asset by preparing (i) Accumulated Depreciation of Sewing Machine Account (ii) Disposal of Sewing Machine Account 8 SULIT
SOALAN 3 Syarikat Suraya Sdn Bhd telah membeli sebuah mesin jahit daripada SINGA Berhad pada 1 September 2014 secara sewabeli. Berikut adalah butir-butir bagi perjanjian sewabeli: a) Harga tunai mesin jahit adalah RM3,870. b) Deposit adalah RM270. c) Faedah dikenakan 20% setahun menggunakan kaedah garis lurus. d) Ansuran perlu dibayar setiap hujung bulan selama setahun. e) Susutnilai adalah ditetapkan pada 10% setahun. f) Kedua-dua syarikat menetapkan tarikh tutup perakaunan adalah pada 31 Disember setiap tahun. Pada 22 Februari 2015, Syarikat Suraya Sdn Bhd terlibat dalam kebakaran dan mesin jahit telah musnah terbakar. Syarikat telah menetapkan untuk menghapus kira mesin jahit tersebut. Mereka bersetuju untuk membuat bayaran akhir kepada SINGA Berhad sebanyak RM2,000. Syarikat Suraya Sdn Bhd layak untuk mendapat tuntutan insurans dan telah menerima RM2,500. Anda dikehendaki: CLO 2 CLO 2 CLO 2 a) Tunjukkan pengiraan jumlah ansuran dan ansuran bulanan bagi Syarikat Suraya Sdn Bhd. b) Menyediakan: (i) Akaun Mesin Jahit [2 markah] (ii) Akaun SINGA Berhad (iii) Akaun Faedah Sewabeli Tertunggak [3 markah] c) Mengira untung atau rugi daripada pelupusan asset dengan menyediakan: (i) Akaun Susutnilai Terkumpul Mesin Jahit (ii) Akaun Pelupusan Mesin Jahit 9 SULIT
QUESTION 4 Delaila Ltd has been granted a licence to extract mineral from the Lala Lilot. The terms are as follow: 1) Delaila Ltd need to pay the Lala Lilot a royalty of RM2.00 for each ton of mineral extracted. The minimum payment annually was RM 10,000. 2) Recoupment right for shortworkings will be extinguished at the end of year 4. 3) Delaila Ltd and Lala Lilot financial statement ended on 31st December. Delaila agreed to settle the outstanding amount to Lala Lilot on the next 31st January following year. 4) The following tons of mineral extracted in the first five years. Year to 31st December Quantity in tons 2005 6,000 2006 4,000 2007 3,000 2008 5,500 2009 8,000 You are required to : a) Give: i. A definition of Grantor, Minimum Payment and Short Working. ii. A shortworking table. [10 marks] b) Demontrate the following account in Delaila Ltd Accounting Book : i. Royalty Payable Account ii. Lala Lilot Account [10 marks] c) Demontrate Short Working Account in Delaila Ltd Accounting Book. 10 SULIT
SOALAN 4 Delaila Ltd telah diberi lesen kebenaran untuk mengambil bahan-bahan mineral daripada Lala Lilot. Syarat yang dikenakan adalah seperti berikut : 1) Delaila Ltd perlu membayar royalti kepada Lala Lilot sebanyak RM 2.00 untuk setiap ton bahan mineral yang diambil. Bayaran minimum tahunan adalah RM 10,000. 2) Hak untuk memulihkan shortworking akan tamat pada akhir tahun ke 4. 3) Penyata kewangan Delaila dan Lala Lilot berakhir pada 31 Disember. Delaila bersetuju untuk menyelesaikan amaun tertunggak kepada Lala Lilot pada 31 Januari tahun berikutnya. 4) Berikut adalah jumlah ton bahan mineral yang diambil untuk lima tahun pertama. 31 Disember setiap tahun Kuantiti dalam ton 2005 6,000 2006 4,000 2007 3,000 2008 5,500 2009 8,000 Anda dikehendaki : a) Berikan: i. Definisi Grantor, Bayaran Minimum dan Short Working. ii. Jadual Short Working. b) Tunjukkan akaun-akaun berikut di dalam Buku Perakaunan Delaila : i. Akaun Royalti Belum Bayar. ii. Akaun Lala Lilot. c) Tunjukkan Akaun Short Working di dalam buku Delaila. [10 markah] [10 markah] SOALAN TAMAT 11 SULIT