Below are the transactions need to be settled.
Dec 1 Started business with RM10,000 cash
Dec 2 Transferred RM3,000 cash to bank
Dec 3 Bought stocks on credit from Munah RM5,000
Dec 4 Sold stocks to Minah cash RM2,000
Dec 5 Paid rental by cash RM800
Dec 6 Bought computer RM1,500 by cheque
Dec 7 Sold to Punah RM1,000 by cheque
Dec 8 Paid Munah RM2,000 by cheque
Dec 9 Withdrew cash RM500 for personal use
Dec 10 Paid electricity at Pos Malaysia RM100 cash
Ok, that’s it for the moment…..will continue later
A simple instruction that I wish to see it coming. If I still see students using their mobile phone as a calculator, then I know that these students either they don’t understand simple ENGLISH or they just don’t want to listen.
To be a good student, you need to be one. Discipline and be responsible.
For those who still owing for the book, please bring the money by next week okay coz I also have my accounts payable to settle….
Applicable to CBA1133 and DOM2234. InsyaAllah I will post more exercises when time permits. See ya!
The following information relates to the general ledger of Rita Enterprise for the month of March 2013:
|Balances at 1 March 2013||RM|
|Sales Ledger Control Account||19,744|
|Purchase Ledger Control Account||12,936|
|Transactions for the month of March 2013:|
|Cash paid to suppliers (suppliers on credit)||9,058|
|Interest charged to customers||144|
|Cash received from customers (customers on credit)||12,488|
|Bad debts written off||444|
|Freight charged to debtors||192|
|Discount received from suppliers||188|
|Interest charged by creditors||88|
|Dishonoured cheque returned to customers||296|
|Balances in sales ledger set off against credit balances in purchases ledger||152|
|Cash refunded to debtors||72|
Prepare the sales and purchase ledger control accounts using the relevant information above.
It’s not fair! Why other classes have quiz but we don’t? We want quiz! We want quiz!
Ok now, it’s settled. Your Control Account and maybe a bit of Suspense Account quiz will be held on 18 and 19 December 2017. So be it!
You know the drill. So start studying!
We will be having our first quiz for DOM2234 Principles Of Accounting on this coming Monday 18 December 2017 for Section 1 and 2. As for Section 3 the quiz will be held on 19 December 2017.
Please read, attempt some exercises related to the quiz. Cover topic 1, 2, 3 and 4. Put focus on topic 1 and 2. The quiz is for your carrymarks. Master your Debit and Credit as well as the basic topic of Accounting Equation.