Topic : Double Entry and Trial Balance

Question 1 You are required to enter the following transactions in the books of Zoe Enterprise and balance the accounts for the month of May 2022: May 1 Started business with RM8,000 in the bank. May 2 Purchased goods on credit RM480 from R William. May 4 Cash sales RM250. May 6 Paid stationery by cash RM120. May 9 Bought office equipment by cheque RM350 for business use. May 12 Returned goods to R William RM40. May 19 Sold goods on credit to J Nelson RM825. May 23 J Nelson return goods RM65. May 24 B Jacob withdrew from bank for private use RM160. May 26 Drew from bank for office cash RM350. May 27 Received cheque RM100 on account from J Nelson. May 28 Paid R William by cheque the amount owing. May 29 Paid wages in cash RM150. May 31 Bought fixture and fittings by cheque RM112. (60 marks)

Question 2 Prepare a trial balance for Zoe enterprise for the month ending 31 May 2022. (20 marks)

Question 3 Explain FIVE accounting concepts with at least ONE example. (20 marks)