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Double Entry Bookkeeping Exercises

The document provides a double entry bookkeeping tutorial with 10 transactions including buying and selling assets for cash and credit, receiving payments from accounts receivable by cash and cheque, repaying loans and receiving new loans, and contributions from the proprietor.

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Siti Nor Fatin Ahmad Fodzi
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7 views1 page

Double Entry Bookkeeping Exercises

The document provides a double entry bookkeeping tutorial with 10 transactions including buying and selling assets for cash and credit, receiving payments from accounts receivable by cash and cheque, repaying loans and receiving new loans, and contributions from the proprietor.

Uploaded by

Siti Nor Fatin Ahmad Fodzi
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

TUTORIAL 2 DOUBLE ENTRY

QUESTION 2

DR CR

a) Bought lorry for cash.

b) Paid an account payable, Juni, by cheque.

c) Repaid Logan loan by cash.

d) Sold lorry for cash.

e) Bought office machinery on credit from Ultra


Bhd.

f) An account receivable, Hill, pays us by cash.

g) An account receivable, Cross, pays us by


cheque.

h) Proprietor puts a further amount into the


business

by cheque.

i) A loan of RM200 in cash is received from Lowe.

j) Paid an account payable, Lord, by cash.

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