Section A; Chapter 1 ~ 2

Accounting

* Recording* Classifying* Summarizing* Analyzing* Interpreting

Assets

Fixed Assets- Property which will be used by the business or company for a long term

Example; Premises, Furniture, Fixtures and Office Equipment

Current Asset- Property which will be used by the business or company for the current timing

Example; Cash, Bank, Debtor and Stock

Liabilities

Current Liabilities- Liabilities which took less than 1 year to repay

Example; Account payable (Creditor) and Debtor

Long Term Liabilities- Liabilities that took more than 1 year to repay

Example; Bank Loan and Mortage

Equity

Opening Capital → Additional Capital → Drawing → Net profit/Net loss → Closing Capital

Expenses* Rent* Commission Insurance* Stationery* Repairing* Purchasing Fixed Assets

Revenue - Income received by the company in running the business

* Commision Received* Rent Received* Discount Received* Income From Sold Assets

Section B

Cash Book + Journal (General and Special)

Two column cash book; Debit ← → Credit

Date Details F Cash(RM)

Bank(RM)

Date Details F Cash(RM)

Bank(RM)

Three column cash book; Debit ← → Credit

Date Details F Dis(RM)

Cash(RM)

Bank(RM)

Date Details F Dis(RM)

Cash(RM)

Bank(RM)

Petty Cash + Ledger

AmountReceived

(RM)

Date Details V.N Total(RM)

---------(RM)

----------(RM)

----------- (RM)

----- May 1 Cash--- ------ ---31 Balance c/d -----

----- ----- ----- ----- ----------- Jun 1 Balance b/d

Debit CreditAsset LiabilityPurchases SalesReturn Inwards ( Return Sales) Return Outwards ( Return Purchases)Expenses RevenuesDrawings Capital