Accounting Process

Increase in ASSETS will be recorded on (a)   side.

Increase in RETURN INWARDS will be recorded on (a)   side.

Increase in DRAWINGS will be recorded on (a)   side.

Increase in EQUITY will be recorded on (a)   side.

Increase in REVENUES will be recorded on (a)   side.

State the double entry for the following transaction:

Started the business with RM10,000 cash at bank.

• Dr Cash

  Cr Bank

• Dr Cash

  Cr Capital

• Dr Bank

  Cr Capital

• Dr Capital

  Cr Bank

State the double entry for the following transaction:

Owner took cash amounted RM3,000.

• Dr Bank

  Cr Capital

• Dr Drawings

  Cr Cash

• Dr Cash

  Cr Drawings

• Dr Bank

  Cr Drawings

State the double entry for the following transaction:

Owner took goods amounted RM1,000.

• Dr Bank

  Cr Purchases

• Dr Drawings

  Cr Purchases

• Dr Purchases

  Cr Drawings

• Dr Drawings

  Cr Inventories

State the double entry for the following transaction:

Made cash sale to Aina RM300.

• Dr Bank

  Cr Sales

• Dr Cash

  Cr Sales

• Dr Aina

  Cr Sales

• Dr Aina

  Cr Cash

State the double entry for the following transaction:

Made credit sales to Dalila RM1,500

• Dr Cash

  Cr Sales

• Dr Cash

  Cr Dalila

• Dr Dalila

  Cr Sales

• Dr Sales

  Cr Dalila