WorksheetsAccounting Process
Total questions: 14
Worksheet time: 6mins
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
State the double entry for the following transaction:
Received commission by cheque amounted RM800.
Dr Commission Received
Cr Sales
Dr Cash
Cr Commission Received
Dr Sales
Cr Commission Received
Dr Bank
Cr Commission Received
State the double entry for the following transaction:
Received cash as full payments from debtor amounted RM600 after discount given worth RM50.
Dr Cash RM600
Dr Discount Allowed RM50
Cr Debtor RM650
Dr Cash RM650
Dr Discount Allowed RM50
Cr Debtor RM700
Dr Bank RM650
Cr Debtor RM600
Cr Discount Allowed RM50
Dr Debtor RM600
Dr Discount Allowed RM50
Cr Bank RM650
State the double entry for the following transaction:
Returned spoilt inventories worth RM750 to supplier.
Dr Supplier RM750
Cr Cash RM750
Dr Supplier RM750
Cr Inventories RM750
Dr Supplier RM750
Cr Returned Outward RM750
Dr Returned Outward RM750
Cr Supplier RM750
State the double entry for the following transaction:
Acquired new machine worth RM15,500. The deposit was paid using business cheque amounted RM4,000 and the balance was paid using loan from CIMB.
Dr Machineries RM15,500
Cr Loan RM15,500
Dr Machineries RM15,500
Dr Bank RM4,000
Cr Loan RM19,500
Dr Machineries RM15,500
Cr Cash RM4,000
Cr Loan RM11,500
Dr Machineries RM15,500
Cr Bank RM4,000
Cr Loan RM11,500
