a) Below are the transactions that Bobby Sdn. Bhd. incurred during the month of January 2022....
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a) Below are the transactions that Bobby Sdn. Bhd. incurred during the month of January 2022. Write in the appropriate boxes the title of the accounts to be debited and credited together with the amount. Accounting Transaction Example: Started a business with RM60,000 cash in bank as capital. 1. Started a business with RM10,000 cash in hand and RM50,000 in bank. Sold goods on credit to Amir Enterprise amounted to RM7,500 gross amount. Discount allowed amounted to RM750. 2. 3. 4. 5. 6. 7. Cash sales of goods amounted to RM2,000 to Moon Enterprise. Purchase goods on credit from Aileen Trading RM35,000. Received a discount of RM10% from Aileen Trading. 8. Sold goods on credit for RM12,000 to Evening Company. Sold an unused machine amounted to RM1,500 cash. Bought a motor vehicle worth RM50,000 from Wang Selamat. Paid a deposit of RM5,000 by cheque and the balance paid through a loan from Heng Leong Bank. 9. The owner took RM600 from business bank account to buy a present for his daughter. Evening Company returned goods amounted to RM1,000. 10. Paid sundry expenses RM300 and advertisement RM1,500 by cheque. Accounts to be debited Bank RM60,000 Accounts to be credited Capital RM60,000 a) Below are the transactions that Bobby Sdn. Bhd. incurred during the month of January 2022. Write in the appropriate boxes the title of the accounts to be debited and credited together with the amount. Accounting Transaction Example: Started a business with RM60,000 cash in bank as capital. 1. Started a business with RM10,000 cash in hand and RM50,000 in bank. Sold goods on credit to Amir Enterprise amounted to RM7,500 gross amount. Discount allowed amounted to RM750. 2. 3. 4. 5. 6. 7. Cash sales of goods amounted to RM2,000 to Moon Enterprise. Purchase goods on credit from Aileen Trading RM35,000. Received a discount of RM10% from Aileen Trading. 8. Sold goods on credit for RM12,000 to Evening Company. Sold an unused machine amounted to RM1,500 cash. Bought a motor vehicle worth RM50,000 from Wang Selamat. Paid a deposit of RM5,000 by cheque and the balance paid through a loan from Heng Leong Bank. 9. The owner took RM600 from business bank account to buy a present for his daughter. Evening Company returned goods amounted to RM1,000. 10. Paid sundry expenses RM300 and advertisement RM1,500 by cheque. Accounts to be debited Bank RM60,000 Accounts to be credited Capital RM60,000
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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