Example: August 1 - Paid miscellaneous expenses by cash RM100.Date Journal entryDebit (RM)Credit (RM)1/8Miscellaneous expensesCash100100(20 marks)b.State the appropriate book of prime entry for transactions above dated fromAugust 2 until August 6 only.(5 marks)(Total: 25 marks)
DEC 2016 / QUESTION 2Given below are the business transactions of Simba Enterprise, during the month of November2016:2016TransactionsNovember5Purchased goods worth RM4,500 from Abu on credit.8Credit sales to Sara worth RM2,100.9Purchased furniture worth RM8,400 from Saga Perabot and paidRM1,400 by cheque.10Received commission worth RM3,700 by cheque.11Simba took out RM550 goods for personal use.12Return inwards of RM620 from Sara because of damaged goods.15Cash sales to Bismi worth RM6,900.19Received rent RM3,300 by cheque.21Returned damaged goods worth RM880 to Abu.23Paid insurance by cheque RM1,200.25Simba received a cheque from Aprilbank worth RM50,000 for a 3 years10% term loan. 26Simba brought in his own computer worth RM9,000 into the business.29Purchased stationery RM200 by cash for business use.31Paid interest on loan RM2,300 by cash.Required:a.State the effects (increase/decrease) on assets, liabilities, revenues, expenses or owner’equity for the transactions dated 11 November 2016 until 21 November 2016 only.(10 marks)b.Show the accounts to be debited and credited for the transactions dated23 November2016 until 31 November 2016 only.(10 marks)c.