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Ali paid his employees salary amounting to RM2,000 by chequeIncreaseDecreaseExpensesCurrent AssetsNon Current AssetsCurrent Assets-Current Liabilities, Current AssetsCurrent AssetsCurrent AssetsExpensesCurrent AssetsReturned damaged goods previously purchase on credit to its supplier, XYZ Trading, amounted to RM2,300Sold goods by cash for RM25,100Purchases office furniture worth RM6,000 on credit from Alan.Revenue, Current Assets-Business TransactionsBought goods RM30,200 on credit from XYZ Trading.Paid rental expenses amounted to RM2,500 by chequeTransferred RM10,000 from bank to petty cashCash Receipt JournalCash Payment JournalReceived RM100 from Ali by cashBook Of Prime EntryPurchase JournalCash Payment JournalReturn Inward JournalGeneral JournalSales JournalReturn Onward JournalCash Receipt JournalGeneral JournalA customer returned damaged goods previously sold on credit amounted to RM5340Bought a delivery van on credit from Ah Seng Motor at the cost of RM75,000Sold goods on credit to EQ Trading for RM25,100
Name : Masnur Aina Binti Md RajehNo ID : 2019672728Past Year Paper : AC/JUN 2015/ACC406Question 2On 1 January 2015, Roberts decided to run a sports equipment business. The transactions which took place during the month of January were as follows:Use the format given below to answer the question for (a) and (b).a) Identify the effect (increase or decrease) on Asset, Expenses, Liability, Revenue and Owner's Equity for each of the transaction above.b) Show the accounts to be debited and credited for each of the transactions above.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.