Thursday, 30 November 2017

Accounting Equation BUS1233, CBA1133, ACC1231, DOM2234 and BUACC1507

Assalamualaikum and dear students,

Please spend some time by watching at these two videos regarding the accounting equation. Make sure you have understood all the 6 videos from my previous posting.

Later, I will put up exercise questions to test your understandings. Enjoy this video first. The part 2 of this video will follow suit....


Wednesday, 29 November 2017

Introduction to Accounting for CBA1133, ACC1231, DOM2234 and BUACC1507

Assalamualaikum and dear students,

Before we proceed even further into the subject, I want you guys to browse through the internet and read something about accounting. This will give you some ideas on the  accounting journey that we going to embark for the next couple of months. I also pinned us some simple introduction videos regarding accounting. The rest I am still working on it.

I will try my best to make this subject interesting and of course with the help of you guys, this subject will be even great.

Enjoy this video and we shall discuss further in class...
















Welcome CBA1133, ACC1231, DOM2234 and BUACC1507 students

Assalamualaikum and salam sejahtera,

I would like to take this opportunity to welcome you to my class for the above subjects. First of all, let me lay down some rules and what the do’s and don’ts  for the class.

Do’s

  1. Come to class.
  2. Be punctual.
  3. Mobile phones should always be in silent mode.
  4. Always bring your accounting book/manual to class.
  5. Every students’ should own a calculator (real calculator).
  6. Give full attention to the lectures.
  7. Sleep if you feel to sleep.
  8. Attempt or sit for exercises,quizzes or assignment on specified date.
  9. Submit any work given on time.

Don’ts

  1. Absent without valid reasons.
  2. Late to class.
  3. Browsing, texting and talking on the phone during lecture time.
  4. Sharing books is not recommended.
  5. Using mobile phone as calculator.
  6. Chit chatting/discussion with friends during the lecture.
  7. Sleepwalking.
  8. Absent for the exercises, quizzes or assignment without valid reasons.
  9. Late submission of exercises, quizzes or assignment.
I welcome for students who wish to bring drinks or snacks to the lecturer ….hahaha

Please regularly check the blog as I will be posting some notes, exercises, assignments etc. Look at this sign Potential marks ♥♥♥♥♥ coz this will contribute to the marks when we discuss or when you you submit whatever is being required.

Welcome new semester!


Assalamualaikum and dear students,

As much as excited like you are, I am now eager to start my new semester with new environment, new students, new posting (just about to continue today...hehe) and also new hope. By the way, the word hope...not referring to the superman, not referring to the star wars episode but the hope that I put to you and to myself to becoming effective students and success. That's all I want from you guys...

So, for new students, some postings that will be appearing after this and throughout the semester will be full of information, notes, exercises, videos. All of that for you to learn. I'm just sharing whatever that I can get from the net for us to discuss and to do together.

Okay, enough mumbling, I hope you'll enjoy my class and here is something for you....Enjoy!


Monday, 30 October 2017

Thank you

I would like to take this opportunity to thank all my dear students for the time spent browsing my site and I hope that you found this site interesting and knowledgeable. I hope you will keep on visiting this site and support my intention to bring the best education to you and to the next generation.

Thank you, thank you and thank you.

I pray for your success and good luck to everything you do.

Sunday, 29 October 2017

Suspense Account - Warming up

DO NOT THINK this is the final exam questions. Just attempt this to enhance and sharpen your skills.

SUSPENSE ACCOUNT

Balance as per trial balance RM2,400 (Dr)
  1. Sales were undercast by RM800
  2. Remittance of RM1,700 received from Ali, a debtor, was mistakenly credited in a creditor’s account, also by the name of Ali
  3. Purchased from Mydin RM3,600 and no records have been found in any of the books
  4. Payment of electricity to Pos Malaysia RM120 cash was posted as RM210 in the expenses ledger
  5. Purchases were overcast by RM1,000
  6. Discounts received of RM450 was posted into a discounts received account
  7. Depreciation of a machine of RM1,000 was omitted in the expense account
  8. Payment of cheque to Ahmed RM1,500 was recorded in Ahmad’s account
  9. Payment of wages to part timers RM900 was recorded as RM600 in wages account

The net profit for the year was recorded as RM27,410.

Required:
  1. Journal entries for each of the transaction
  2. Suspense accounts
Statement of corrected net profit for the year.

Just for exercise - ACC1231 & BUS 1233 - Cashbook

Hi guys, DO NOT THINK that this is the exam question.... but this is just a warm up exercise for your cashbook. Okay

Cashbook exercise

October
  1. Bal b/d – Bank 12,400, Cash 8,120
  2. Credit sales to Ahmad RM8,000
  3. Cash sales to Aminah RM1,430
  4. Bought stationery from Pustaka Rakyat RM230 cash
  5. Ahmad made payment by cheque RM2,150
  6. Purchase on credit from Lokman RM5,400
  7. Pay wages by cash 600
  8. Promised to pay Lokman on 20th October RM1,400
  9. Pay electricity at Pos Malaysia by cheque RM800
  10. Cash purchase from Rose RM2,000
  11. Transfer cash to bank RM500
  12. Payment by standing instruction for insurance RM740
  13. Credit purchase from Leia RM3,200
  14. Returned goods to Leia RM1,200

November
  1. Pay rental by cheque RM2,000
  2. Ahmad made some payment for his account by cheque RM1,800
  3. Sales to Ali by cheque RM1,600
  4. Loan from Ambank and received cheque RM10,000

Pay Leia RM1,000 thru bank transfer.