create transactions related to the nature of your business for the month of Nov 2021. All the
Question:
create transactions related to the nature of your business for the month of Nov 2021. All the transactions are to be explained with the nature of your business. [Eg: For credit sales - you can put it this way: Sold a dozen of books on credit worth RM1,00 each book]
You should please include the following transactions:
Transactions | Required |
Capital Introduced (cash in hand, cash at bank & non-current assets | 1 |
Loan taken from a bank | 1 |
Non- current assets acquired on credit | 2 |
Non- current assets acquired on cash basis | 1 |
Trade goods purchased on credit (minimum 3 different suppliers) | 4 |
Trade goods purchased on cash basis | 2 |
Trade goods sold on credit (minimum 3 different customers) | 4 |
Trade goods sold on cash basis | 2 |
Return of goods by customers | 2 |
Return of goods to suppliers | 2 |
Payment to supplier inclusive of discount received | 3 |
Payment by customers inclusive of discount allowed | 3 |
Payment of expenses by cheque | 3 |
Payment of expenses by cash | 3 |
Receipt of income by cheque | 2 |
Receipt of income by cash | 1 |
Withdrawal of goods for personal use | 1 |
Withdrawal of cash for personal use | 1 |
PLEASE TYPE IT using Microsoft Office software. (Eg: Microsoft word & Excel. Thank You.