Transaction Account to be Account to be debited credited a. Started a business with RM50,000 by cash b. Owner transfer RM25,000 cash to the business bank account c. Purchased a motor vehicle on credit from Honda Berhad for RM40,000 d. Bought goods on credit from Laila Berhad worth RM250 e. Paid to Lili Berhad, a creditor RM100 by cheque f. The owner took out RM1,500 cash for family holiday trip with his family g. Goods purchased from Lili Berhad broken so we returned back to her worth RM25 h. Cash sales RM800 i. Paid electricity bill by cheque for RM200 2.
Transaction Account to be Account to be debited credited a. Started a business with RM50,000 by cash b. Owner transfer RM25,000 cash to the business bank account c. Purchased a motor vehicle on credit from Honda Berhad for RM40,000 d. Bought goods on credit from Laila Berhad worth RM250 e. Paid to Lili Berhad, a creditor RM100 by cheque f. The owner took out RM1,500 cash for family holiday trip with his family g. Goods purchased from Lili Berhad broken so we returned back to her worth RM25 h. Cash sales RM800 i. Paid electricity bill by cheque for RM200 2.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter3: Journalizing Transactions
Section: Chapter Questions
Problem 3AP
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