Question 1 Complete the following table showing which accounts to be debited and which are...
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Accounting
Question 1
Complete the following table showing which accounts to be debited and which are to be credited in the space provided.
| [YBL1] | Transactions | Debit | Credit |
| | The owner used his own money to purchase office furniture RM1,200. |
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| | Sold goods on credit to Alina RM 5,000 |
|
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| | Purchase goods for sale by cheque RM2,000 |
|
|
| | Alina Return some of damage goods to business worth RM100 |
|
|
| | Transferred a laptop from home to the business worth RM3,000.. |
|
|
| | Bought a motor van using loan from the bank RM10,000. |
|
|
| | Owner wrote a cheque to himself |
|
|
| | Used office cash to repair van owned by business RM350. |
|
|
| | Paid rental by cash RM500. |
|
|
| | The business received interest by cash RM300. |
|
|
(10 Marks)
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