BCAF003: Business Accounting Individual Assignment 2 AY2025/26 | TP

Published: 26 Aug, 2025
Category Assignment Subject Business
University Temasek Polytechnic Module Title BCAF003: Business Accounting
Assessment Type Individual
Assessment Title Assignment 2
Academic Year 2025-26

Temasek Polytechnic School of Business AY2025/26 April Semester  Individual Assignment 2 (weightage 40%)

Question 1 (26 marks)

Part A (11 marks)

Dizi Pte Ltd received its June bank statement from Lloyd Bank:

BCAF003: Business Accounting Individual Assignment 2 AY2025/26 | TP

After reviewing the records, the business discovered that $3,221.08 deposited on 30 June had not yet been recorded in the bank statement.

In addition, the business incorrectly recorded a receipt of $1,120 from a debtor as $1,210 in the debtor’s account.

It also found that the following issued cheques have not yet been presented to the bank:

Cheque No. Amount ($)
298 2,780.45
300 800.11
304 4,676.50

Required:

Prepare the bank reconciliation statement as at 30 June 2025. (11 marks)

Part B (15 marks)

Cash is the lifeblood of every business organisation and is highly vulnerable to embezzlement.

Research and submit one newspaper article related to a cash embezzlement case. Attach the article as an appendix on page 11, ensuring the title, publisher and publication date are clearly stated. (2 marks)

From the article, answer the following questions in your own words:

a) Describe how the offence was committed. (2 marks)

b) Describe how the embezzlement was discovered. (3 marks)

c) (i) Identify and explain two weaknesses in the internal controls applicable to your selected article.

(ii) Propose an effective control procedure to address each of the two weaknesses identified in (i) to prevent their recurrence.

Provide your answer using the table below. (8 marks)

Internal Control Weakness Proposed Control Procedure
   
   

Question 2 (26 marks)

Brew & Bloom sells DawnMist, a calming herbal tea blend of chamomile, lemongrass, and lavender.

On 1 April 2025, the business had 1,500 boxes that cost $4.20 each and purchased more units in April:

April
11 2,000 units at $4.60 each
21 1,500 units at $4.80 each
30 2,500 units at $5.40 each

The business uses the First-In First-Out (FIFO) costing method under the perpetual inventory system.

Required:

a) Complete the following stock card. (19 marks)

Date Details In Out Balance
2025

 

Apr

  Qty Unit

 

Cost

$

Total Cost

 

$

Qty Unit Cost

 

$

Total Cost

 

$

Qty Unit Cost

 

$

Total Cost

 

$

1 Balance                  
                     
                     
                     
                     
                     
                     

Note: Add additional rows as required.

b) Compute the total cost of inventory as at 30 April 2025. (2 marks)

c) Compute the gross profit for the month ended 30 April 2025.  (5 marks)

Question 3 (14 marks)

UrbanGrind Pte Ltd operates a chain of cafés across Singapore, offering a stylish speciality coffee experience to its customers. The company’s accounting year ends on 31 March.

The company uses custom-built espresso machines designed for precision extraction and consistent quality, and commercial coffee grinders with advanced burr systems that ensure uniform grind size for optimal flavour extraction, providing customers with high-quality coffee while ensuring long-term operational efficiency.

Details of its espresso machines and coffee grinders are as follows:

The business adopts the straight-line method of depreciation.  Do not provide an answer, as this is an assignment

Required:

a) Compute the total annual depreciation expense for each type of machine. (6 marks)

b) Show how the cleaning machines would be presented in the Classified Balance Sheet as at 31 March 2025.  (8 marks)

Question 4 (14 marks)

You are provided with the financial statement of a limited liability company. The group is involved in developing, owning, and running hotel and investment properties, offering hotel management and related services, and undertaking property development for sale.

Below are the extracts of the Consolidated Statement of Profit or Loss and Balance Sheet (Consolidated Statements of Financial Position) for the years ended 31 December 2022 & 2023:

BCAF003: Business Accounting Individual Assignment 2 AY2025/26 | TP
BCAF003: Business Accounting Individual Assignment 2 AY2025/26 | TP

Required:

a) Calculate the following ratios for the Group for the years ended 31 December 2022 & 2023 by completing the table Round off your answers to 2 decimal places.  (5 marks)

2023 2022
i)    Gross Profit margin

 

Gross profit x 100

Revenue

   
ii)   Net Profit margin

 

Profit        x 100

Revenue

   

 

 

 

 

iii)  Current ratio

 

=    Current Assets  

Current Liabilities

   

b) Using the information in the financial statements and ratios computed in part a), comment on the group’s financial performance and liquidity position. (9 marks)

Do You Need BCAF003 Assignment for This Question

Order Non-Plagiarized Assignment

Having trouble completing your BCAF003: Business Accounting? We’re here for accounting assignment help! Our expert writers offer high-quality, plagiarism-free, and AI-free assignments at pocket-friendly rates. You can even check our free assignment samples before placing your order. We promise on-time delivery and 24/7 support, no matter your academic needs. From Business Management to technical subjects, we cover it all. 

Workingment Unique Features

Hire Assignment Helper Today!


Latest Free Samples for University Students

RBP020L063H Leadership and Change Management Assignment Sample

Category: Assignment

Subject: Management

University: University of Roehampton

Module Title: RBP020L063H Leadership and Change Management

View Free Samples

HRMM080 Ethical and Responsible Leadership AS2 Reflective Portfolio Sample

Category: Assignment

Subject: Management

University: University of Northampton

Module Title: HRMM080 Ethical and Responsible Leadership

View Free Samples

ACAD1346 The child’s live Experience Developing Confidence Learners Assignment Sample

Category: Assignment

Subject: Education

University: University of Greenwich (UOG)

Module Title: ACAD1346 The child’s live Experience Developing Confidence Learners

View Free Samples

NUR7011 Developing Healthcare Leaders Assignment Sample | BPP

Category: Assignment

Subject: Nursing

University: BPP University

Module Title: NUR7011 Developing Healthcare Leaders

View Free Samples

Project Management, Leadership and Skills: Planning & Control Portfolio Example

Category: Assignment

Subject: Management

University: University of Salford Manchester

Module Title: Project Management, Leadership and Skills: Planning & Control

View Free Samples
Online Assignment Help in UK