Awkward right? Its not me but its them.... What I know now is that, I have to let go the class and replaced it with another class. The tossing game will keep on going until they resolved their inefficiency.
So, this maybe my last exercise for you.... till then, see you and bye!
Exercise 1
Enter the following transactions in the books of Muhaimin:
March 1 Started firm with RM50,000 cash
March 3 Deposited RM20,000 cash into a bank account
March 5 Bought stock on credit for RM8,600 from Mustakizah
March 7 Bought office equipment for RM12,000 paying by cheque
March 9 Returned stock worth RM3,000 to Mustakizah
March 11 Sold goods on credit to Farhana for RM4,800
March 13 Purchased office fixtures on credit from Afiq Supplies for RM4,600
March 15 Farhana returned goods worth RM2,000
March 17 Muhaimin settled his account with Mustakizah by sending cheque for RM2,600
March 19 Muhaimin brought in a personal computer to the business worth RM5,200
Exercise 2
Construct the ‘T-account’ for the following transactions in the books of Mr Bob:
Mr Bob started a textile business on 1 January 2018. He later put RM60,000 into the business bank account. Below are the transaction relating to the business for the month of January 2018. He also rent shop premise from En Rafiq for RM2,000 whom he paid by cheque. He bought a machine RM3,000 and shelves under fixtures and fittings for RM4,000, all of those were paid by cheque. The rest of the transaction occurred in the month of January 2018;
RM | ||
| Jan 2 | Bought goods for resale from Bothina Boutique by cheque | 5,000.00 |
| Jan 3 | Withdrew cash from bank for business use | 1,500.00 |
| Jan 4 | Bought goods for stock from Nor Fadzlina Fashion by cash | 600.00 |
| Jan 5 | Sold to Shamsuddin Shoppe for cash | 1,300.00 |
| Jan 6 | Sold to Batek Husna Enterprise on credit | 3,700.00 |
| Jan 7 | Returned some goods to Bothina Boutique | 300.00 |
| Jan 8 | Batek Husna returned goods | 400.00 |
| Jan 9 | Cash sales to Faezah | 1,500.00 |
| Jan 11 | Cash payment to Bouthina Boutique | 800.00 |
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