Question 1 The following is a list of accounting transactions. Indicates the effect of each transaction Increase, Decrease or No Effect in assets, liabilities and owner's equity. No Transactions Assets Liabilities Owner's Equity 1. Ali started a business and contributed RM10,000 as investment 2. Purchased 5 bicycle for business use on credits 3. Paid Rental of RM6000 by cash 4. Bought supply of goods by cash 5. Bought goods on credit from Jaya supplier 6. Sold goods to customer for cash 7. Sold goods on credit to SEGI Restaurant 8. Withdrew money from business for personal use 9. Paid salary RM5000 10 Paid utilities bills by cash

Question 1 The following is a list of accounting transactions. Indicates the effect of each transaction Increase, Decrease or No Effect in assets, liabilities and owner's equity. No Transactions Assets Liabilities Owner's Equity 1. Ali started a business and contributed RM10,000 as investment 2. Purchased 5 bicycle for business use on credits 3. Paid Rental of RM6000 by cash 4. Bought supply of goods by cash 5. Bought goods on credit from Jaya supplier 6. Sold goods to customer for cash 7. Sold goods on credit to SEGI Restaurant 8. Withdrew money from business for personal use 9. Paid salary RM5000 10 Paid utilities bills by cash

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.26E: Accounting concepts Match each of the following statements with the appropriate accounting concept....

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