Aug 27 Accounts Receivable 45000 Fees earned 45000 Dt Ct Fees Earned Dt Ct AC

Aug 27 accounts receivable 45000 fees earned 45000 dt

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amount before the year ends. Aug 27 Accounts Receivable 45,000 Fees earned 45,000 Dt Ct Fees Earned Dt Ct A/C Rec Aug 27 Fees Earned 45,000 Aug 27 A/C Rec 45,000
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Aug 30, Luna Mayor withdrew RM2,000 in cash from Sea-Link for personal use. Aug 30 Luna Mayor, Withdrawal 2,000 Cash 2,000 Owner withdrew cash for personal use. Dt Ct Cash Dt Ct Wthdrwl Aug 30 Cash 2,000 Aug 30 Wthdrwl 2,000
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DEBIT & CREDIT RULE AND ACCOUNTS NORMAL BALANCES Increase Decrease Normal balance FP accounts: Asset Debit Credit Debit Liability Credit Debit Credit Owner’s equity Capital Credit Debit Credit Drawing Debit Credit Debit CI accounts: Revenue Credit Debit Credit Expense Debit Credit Debit 25
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TRIAL BALANCE A list of all the accounts maintained by the business entity, along with their respective balances A list of all the accounts maintained by the business entity, along with their respective balances
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TYPES OF ERRORS Transposition - occurs when the order of the digits is changed mistakenly, such as writing RM542 as RM452 or RM524. Slide - the entire number is mistakenly moved one or more spaces to the right or the left, such as writing RM542.00 as RM54.20.
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