Accounting Transactions and Effects

Front

Transaction 1:

Made cash sale to Maisara RM 5700

Back

Increase -Assets , DEBIT -Cash

Increase -Revenue , CREDIT- Sales

Front

Transaction 2

The business purchase goods RM 5000 on credit from Abu Bakar Ent

Back

Increase - Expenses , DEBIT-Purchase

Increase - Liabilities ,

CREDIT -Account Payable - Abu Bakar

Front

Transaction 3 : The business Paid salary RM 1000 by cheque

Back

Increase - Expenses :DEBIT Salary

Decrease - Assets : CREDIT bank