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Basic Accounting Business Transactions

ACCOUNTING

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synergycollegeacc
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31 views1 page

Basic Accounting Business Transactions

ACCOUNTING

Uploaded by

synergycollegeacc
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

BASIC ACCOUNTING

TUTORIAL 1
1. Mr. David started a business with cash at bank RM 20 000 and office furniture RM 2
000.
2. Bought goods from Well Shine Traders on credit RM 2 000.
3. Bought office furniture and paid by cheque RM 3 000
4. Sold goods for cash RM 8 000.
5. Sold goods to Sohan Traders on credit RM 10 000
6. Paid office rent by cheque RM 1 000
7. Paid wages RM 3 000 by cheque
8. Cheque received from Sohan Traders for the amount due
9. Paid a cheque RM 1 800 to Well Shine Traders in full settlement of their account.
10. David withdrew from business bank account RM 800 for personal use.

TUTORIAL 2
1. Started business with RM 7 000 cash.
2. Bought goods for cash RM 2 000
3. Bought goods on credit RM 2 000 from M Max
4. Sold goods for cash RM 4 000
5. Returned goods to M Max RM 100
6. Sold goods to C Can on credit RM 3 000
7. Paid balance due to M Max by cheque
8. Bought office furniture RM 2 000 and paid by cheque.
9. Goods bought by cheque RM 6 000
[Link] goods to D Dan on credit RM 2 000.

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