Thinking of having this?

Tuition flyers


Warming up for Quiz – CBA1133 & DOM2234

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

What is accounts receivables?

Accounts receivables.

Accounts receivables is the money that the business has the right to receive it after the business had provided the other party either goods or services. The accounts receivables are also known as trade debtors where the business engages the activity of selling its goods or services to its customers on credit.

The sales made by cash or by cheque is simple. We just give our customer the goods and we receive money, either cash or cheque. But, when we deal with our customer, asking them to buy or to promote them to buy and we offer them a credit, where they take the goods first and then they will settle the payment later or at a agreed specified date. If this is the case, then we’re having a credit sales. Now, we have persons who owe us money.

A credit sales will eventually creates an account. An account that we are able to receive. That is why we call the person who owe us money an account receivables or a trade debtor. A debtor that comes from a trade activity. it falls under an asset category, specifically under a current asset category. Why? Because this accounts receivable is the person who us money, so, that is our money, they are holding our money. We see them walking around, we see our money in them. That’s is why accounts receivables is an asset.

What is the difference between a person who owe us money but not from the trading transaction?

A person who us money for some other reasons besides trading is known as debtors or we can put them as our sundry debtors. For example, Jack approached us to borrow some money. Since we don’t have some money in our pocket, we decided to lend him some from the business money. So you took some cash from the business and gave it to him. (Please don’t do this, it is not ethical!). Here, you have to record a transaction for the money you took just now from the business. Jack will be our sundry debtors, not an accounts receivables because he didn’t do any trading with us neither buy or sell. So, Jack will be classified under current asset specifically as sundry debtor.

The above concept can also be applied to accounts payable. Just think of the opposite. Okay?


Ok see ya later!

Applicable to #ACC1231, #BUS1233, #CBA1133, #DOM2234

Thank you

I would like to take this opportunity to thank all my dear students for the time spent browsing my site and I hope that you found this site interesting and knowledgeable. I hope you will keep on visiting this site and support my intention to bring the best education to you and to the next generation.

Thank you, thank you and thank you.

I pray for your success and good luck to everything you do.

Just for exercise – ACC1231 & BUS 1233 – Cashbook

Hi guys, DO NOT THINK that this is the exam question…. but this is just a warm up exercise for your cashbook. Okay

Cashbook exercise


  1. Bal b/d – Bank 12,400, Cash 8,120
  2. Credit sales to Ahmad RM8,000
  3. Cash sales to Aminah RM1,430
  4. Bought stationery from Pustaka Rakyat RM230 cash
  5. Ahmad made payment by cheque RM2,150
  6. Purchase on credit from Lokman RM5,400
  7. Pay wages by cash 600
  8. Promised to pay Lokman on 20th October RM1,400
  9. Pay electricity at Pos Malaysia by cheque RM800
  10. Cash purchase from Rose RM2,000
  11. Transfer cash to bank RM500
  12. Payment by standing instruction for insurance RM740
  13. Credit purchase from Leia RM3,200
  14. Returned goods to Leia RM1,200



  1. Pay rental by cheque RM2,000
  2. Ahmad made some payment for his account by cheque RM1,800
  3. Sales to Ali by cheque RM1,600
  4. Loan from Ambank and received cheque RM10,000

Pay Leia RM1,000 thru bank transfer.