QUESTION 1 a) Diana started her business on 1 July 2021. transactions during July 2021 were as follows: Date Particulars 1Commenced business with capital of RM50,000 cash 2 Bought RM300 fixtures and fittings for the shop by cash 3 Purchased goods for resale, RM3,000 on credit from Kembang Trading 15 Goods of RM3,600 sold on credit to Norin 30 Paid RM500 wages for shop assistant by cash 31 RM200 cash taken by Diana for her private use REQUIRED: Record the double entries for all the above transactions. (Narrative is not required). The

QUESTION 1 a) Diana started her business on 1 July 2021. transactions during July 2021 were as follows: Date Particulars 1Commenced business with capital of RM50,000 cash 2 Bought RM300 fixtures and fittings for the shop by cash 3 Purchased goods for resale, RM3,000 on credit from Kembang Trading 15 Goods of RM3,600 sold on credit to Norin 30 Paid RM500 wages for shop assistant by cash 31 RM200 cash taken by Diana for her private use REQUIRED: Record the double entries for all the above transactions. (Narrative is not required). The

Name: QUESTION 1a) Diana started her business on 1 July 2021.transactions d
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Description: QUESTION 1a) Diana started her business on 1 July 2021.transactions during July 2021 were as follows:Date Particulars1Commenced business with capital of RM50,000 cash2 Bought RM300 fixtures and fittings for the shop by cash3 Purchased goods for resa

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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4. Below are the transactions for the month of February 2020 for Mrs Lamuna, a soletrader: Feb 1 Started business with RM12,000 cash2 Bought goods on credit from Shahirah RM1,0003 Paid rent by cash RM2004 Paid RM11,000 of the business cash into the business bank account6 Sold goods on credit to Tini RM6007 Bought stationery by cheque RM5011 Cash sales RM10014 Returned goods to Shahirah RM15015 Sold goods on credit to Tinggasamy RM1,20018 Goods returned by Tini RM4523 Paid Shahirah by cheque RM85025 Cash purchases RM25027 Received cheque from Tinggasamy RM50028 Received commission by cash RM100Required:a. Record all the transaction in the general journal (with narration)b. Record the transaction in the appropriate ledger accounts and balance all theaccountc. Prepare the trial balance as at 28 February 2020
4. Below are the transactions for the month of February 2020 for Mrs Lamuna, a sole trader:Feb 1 Started business with RM12,000 cash2 Bought goods on credit from Shahirah RM1,0003 Paid rent by cash RM2004 Paid RM11,000 of the business cash into the business bank account6 Sold goods on credit to Tini RM6007 Bought stationery by cheque RM5011 Cash sales RM10014 Returned goods to Shahirah RM15015 Sold goods on credit to Tinggasamy RM1,20018 Goods returned by Tini RM4523 Paid Shahirah by cheque RM85025 Cash purchases RM25027 Received cheque from Tinggasamy RM50028 Received commission by cash RM100Required:a. Record the transaction in the appropriate ledger accounts and balance all the account
4. Below are the transactions for the month of February 2020 for Mrs Lamuna, a sole trader: Feb 1 Started business with RM12,000 cash 2 Bought goods on credit from Shahirah RM1,000 3 Paid rent by cash RM200 4 Paid RM11,000 of the business cash into the business bank account 6 Sold goods on credit to Tini RM600 7 Bought stationery by cheque RM50 11 Cash sales RM100 14 Returned goods to Shahirah RM150 15 Sold goods on credit to Tinggasamy RM1,200 18 Goods returned by Tini RM45 23 Paid Shahirah by cheque RM850 25 Cash purchases RM250 27 Received cheque from Tinggasamy RM500 28 Received commission by cash RM100 Required: a. Record all the transaction in the general journal (with narration) b. Record the transaction in the appropriate ledger accounts and balance all the account C. Prepare the trial balance as at 28 February 2020 0.0 AE ) A ENG 9:38 PM
HEAD OF DEPART ENT below Transactions of Lubanz's Garden Services for January 2020 1. Lubanzi Gumede deposited R200 000 into the bank account of the business the tosin issued receipt number 001 According to cash register roll, a total of 16 000 was received for services rendered Bought equipment of R7000 and paid by cheque number 01 Purchased a business vehicle for 63 500 paid by cheque number 02 3. 10 21 28 Paid the manager S Ntuli, his salary of R 8000 with cheque 03 DATE SOURCE JOURNAL ASSETS OWNER'S EQUITY DOCUMENT LIABILITIES HEAD
1. Record the following transaction in the appropriate journal, ledger accounts and balance off the accounts at 30 September 2020. Sept 3 Bought goods on credit for RM846 from Labu Enterprise 6 Sold goods for cash of RM73 7 Bought motor vehicle by cheque for RM4,300 11 Sold goods to Karas Sdn Bhd on credit for RM380 13 Karas Sdn Bhd returned goods to Labu Enterprise worth RM143 Returned goods to Labu Enterprise worth RM83 Received cheque for RM60 from Karas Sdn Bhd on acount 24 Bought office furniture by cheque for RM365 27 Sent cheque to Labu Enterprise in settlement of account 29 17 20 Sold goods to Sakun Enterprise on credit fro RM412
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Rasah Sdn Bhd started its business in May 2020. Following is the business transactions for May 2020: 2020 May 1 Started in business with RM18,000 in the bank. == 2 Bought goods on credit from Binda RM1,455. == 3 Bought goods on credit from Gmart RM472. == 5 Sold goods for cash RM210. == 6 Rasah returned goods to Binda RM82. == 8 Bought goods on credit from Gmart RM370. == 10 Sold goods on credit to Saimi RM483. == 12 Sold goods for cash RM305. == 18 Took RM250 of the cash and paid it into the bank. == 21 Bought a printer by cheque RM620. == 22 Sold goods on credit to Buchan RM394. == 23 Saimi returned goods to Rasah RM160. == 25 Buchan returned goods to Rasah RM18. == 28 Rasah returned goods to Gmart RM47. == 29 Paid Binda by cheque RM1,373. == 31 Bought machinery on credit from Yaacob RM419. Required: Prepare the journal entries for the transactions occur in the month of May 2020.
bloil F Write any ten transactions relating to the business 1July on 2020 (The Owner Put Cash in to the business OMR 34500 10 July on 2020 (Bought Computer by Cash OMR 100} 11 July on 2020 (Bought goods by cash OMR 1000) 14 July on 2020 {Sold goods by cash by OMR 3000) 18 July on 2020 {Paid electricity by Cash OMR 400) 20 July on 2020 {Paid Salary by Cash OMR 1000} 21 July on 2020 {collected receivables from Customer 300} 23 July on 2020 (1000 riyals for his phone card use cash 600 27 July on 2020 (The rent for the building in the amount of OMR 800 cash) 31 July on 2020 (from the bank for 900 Oman rails) Assignment/Home Work University of Technology and Applied Sclences Course ce
msu college QUESTION 2 Below were transactions for the month of August 2021 for Andalas Enterprise. August Started business with RM12,000 cash. Bought goods worth RM1,000 on credit from Shah Areef Trading Paid rent RM200 cash. Deposit RM11,000 of the business cash into the bank account. Sold goods on credit to Amita Sdn. Bhd. worth RM600. Bought stationery by cheque RM50. Cash sales of RM100 to Elena. 11 Return goods worth RM150 to Shah Areef, Goods worth RM45 returned by Amita. Received commission RM100 by cash. 14 www 18 ww 20 You are required to show the effects of the transactions in the accounting equation. 1231
The following transactions are taken from Pak Maun Enterprise in November 2020: Nov 1 Starting business with cash in hand RM18,000 and cash in bank account RM100,000 3 Purchased office furniture worth RM24,000 from Kedai Perabot Dinesh 4 Purchased business inventories worth RM12,800 using cheque 5 Sold inventories worth RM6,000 to Kedai Mei Ling 7 Kedai Mei Ling returned defective inventories worth RM920 9 Withdrawal (business inventories) worth RM480 for family use 10 Received cheque from Kedai Mei Ling RM3,400 12 Purchased business inventories worth RM27,200 from Pembekal Syazwani 15 Returned business inventories worth RM560 to Pembekal Syazwani (wrong brand) 16 Cash sale RM2,400 20 Paid to Pembekal Syazwani using cheque RM14,000 22 Paid rental fee RM2,000 using cash 29 Paid workers’ salaries RM2,800 using cheque (i)Record the above transactions into the respective ledgers and balance the accounts.…
Question 1 Below were transactions for the month of March 2021 for Aisyah, a sole trader: Date Business Transactions Started a business with RM20,000. Bought goods worth RM1,000 on credit from Nasir. Paid rent RM200 cash. 1 2 3 Transferred RM12,000 of the business cash into the bank account. Sold goods to Nurul RM600. Bought stationery by cheque RM50. Cash sales RM100. Returned goods worth RM150 to Nasir. Received commission RM100 by cash. 4 7 8 12 Required: Using the example provided below: a) Identify the effects (increase/decrease) of the above transactions on assets, liabilities, owner's equity, revenues and expenses. b) Identify the double entry to record the transactions above. Example: 1 July 2021 Fuzi brought in RM100,000 cash and deposit the money into the business bank account. 2021 July 1 Effects Account to be debited Account to be credited Increase assets Bank Increase owner equity Capital