Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) Complete the gaps in the following table: (5 marks) 5 Introduction to Accounting (BAAD1003) CONFIDENTIAL September 2023 Final Examination b) Hatami Sdn Bhd is

image text in transcribed

a) Complete the gaps in the following table: (5 marks) 5 Introduction to Accounting (BAAD1003) CONFIDENTIAL September 2023 Final Examination b) Hatami Sdn Bhd is a business selling various types of shoes since the year 2015. Below are some of the transactions extracted from Hatami Sdn Bhd for the month of January 2023. You are required to show the effects (increase/decrease) upon assets, liabilities, expenses, revenue and owner's equity for the following transactions and state the journal entries (debit/credit) using the example given below: January 2 Purchased goods worth RM7,300 on credit from Salina Enterprise. 6 Owner brought in motor vehicles amounting RM55,000 into the business. 8 Sold goods to Hanim for RM3,800 by cash. 9 Faulty goods amounting RM200 were returned to Salina Enterprise. 10 Paid Salina Enterprise RM7,300 by cheque. 15 Sold goods to Ah Meng Constructions for RM7,000 on credit. 19 Ah Meng returned damaged goods of RM500. 28 The business paid utilities bills amounting RM500 by cheque. 29 The owner took cash RM500 for personal purpose. 30 Purchased goods worth RM8,000 on credit from Salina Enterprise

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Sustainability

Authors: Gunnar Rimmel

1st Edition

0367478927, 9780367478926

More Books

Students also viewed these Accounting questions