undefined

Q3 : Show the effect upon assets, liabilities, capital, revenues and expenses for each of the following transactions. 1. Start a business with RM 10,000 in the bank 2. Bought goods on credit from Amirul Sdn Bhd RM 1,000 3. Bought goods from Ali paying RM 500 by cheque 4. Purchased motor van worth RM 15,000 using loan from BMF Finance 5. Sold goods worth RM 2,000 to Hassan on credit 6. The owner took RM 100 worth of goods for his own use 7. The owner took RM 200 cash for his own use 8. Paid Amirul Sdn Bhd the amount due by cheque RM 900 9. Hassan paid amount owed by cheque 10. Bought RM 2,500 worth of computer by cheque 11. The owner brought in his furniture RM 1,200 for office use