Font size
WorksheetsAccounting Effects
Total questions: 10
Worksheet time: 8mins
Owner invested in RM50,000 cash into the bank
+ Cash at Bank RM50,000
+ Investment RM50,000
+ Capital RM50,000
- Capital RM50,000
Purchased an office equipment RM6,000 paid by cash
+ Cash in Hand RM6,000
+ office equipment RM6,000
+ Purchases RM6,000
- Cash in Hand RM6,000
Pay rental RM1,000 by cash
+ Rental RM1,000
+ Cash in Hand RM1,000
- Rental RM1,000
- Cash in Hand RM1,000
Bought furniture RM12,000 on credit from Courts Mammoth
+ Sales RM12,000
+ Furniture RM12,000
- Other Account Payable RM12,000
+ Other Account Payable RM12,000
Purchased goods RM11,000 on credit from ABC San Bhd
+ Goods RM11,000
+ Purchases RM11,000
+ Account Receivable RM11,000
+ Account Payable RM11,000
Sold goods by cash RM10,000 to Azman
+ Sales RM10,000
+ Goods RM10,000
+ Cash in Hand RM10,000
- Sales RM10,000
Returned goods to Supplier RM1,500
+ Return Inwards RM1,500
+ Return Outwards RM1,500
+ Account Payable RM1,500
- Account Payable RM1,500
Received loan (financing) RM100,000 from Maybank Bhd
+ Cash at Bank RM100,000
+ Loan from Bank RM100,000
- Cash at Bank RM100,000
- Loan from Bank RM100,000
Paid salaries RM11,000 by cheque
+ Cash at Bank RM11,000
+ Cheque RM11,000
+ Salaries RM11,000
- Cash at Bank RM11,000
Repayment loan RM1,000 by cheque
+ Loan from Bank RM1,000
- Loan from Bank RM1,000
+ Cash at Bank RM1,000
- Cash at Bank RM1,000
