CONFIDENTIAL Decrease 7 ACIJUN 2019/Acc106/100/105/107/ 111/114/115/150 Debit (RM) Credit (RM) Capital 40,000 Bank 40,000 Computer...

80.2K

Verified Solution

Question

Accounting

image

CONFIDENTIAL Decrease 7 ACIJUN 2019/Acc106/100/105/107/ 111/114/115/150 Debit (RM) Credit (RM) Capital 40,000 Bank 40,000 Computer 1,500 Bank 1,500 Increase +OE +A +A May 2 May 6 -A May 11 Sales 800 +R +A +OE AR Ramona 800 May 15 Capital 14,500 +A Motor Vehicle 14,500 Rental 1,400 Drawing 300 +E Cash 1,400 May 16 May 20 -A -OE -A Bank 300 -OE -E Drawing 200 Purchases(D) IGoods(M) 200 @ Drawing 500 -OE -A -E -R -A Bank 300 Purchases/Good May 23 Return inward 100 AR Ramona 100 May 27 +A -A Bank 3,000 Cash 3,000 b. Identify the appropriate book of prime entry for each of the transactions given above, from 2 May to 27 May 2019. (10 marks) (Total: 25 marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students