Accounting Transactions		Debit Account	Credit Account
	Started a business with RM50,000 cash in bank as capital.	Bank RM50,000	Capital RM50,000
1.	Started a business with RM10,000 cash in hand, RM350,000 in bank and a van worth RM70,000.
2.	Transfer RM50,000 from bank to petty cash.
3.	Credit sales of RM60,500 to Rose Enterprise. Bill the invoice to Rose after deducting 10% discount.
4.	Purchased goods on credit from Sunflower Trading worth RM48,000. Received a discount of 10% from Sunflower Trading.
5.	Sold goods on credit to Morning Glory Company worth RM22,000.
6.	Morning Glory Company returned goods worth RM1,500.
7.	Cash sales of RM8,000 to Rose Sdn Bhd
8.	Bought a van worth RM150,000 from Lily Motors. Paid a deposit of RM15,000 cash and agreed to pay the balance by installment for the period of 5 years.
9.	Took cash worth RM10,000 for the owners house rental.
10.	Paid salary RM20,000 and advertisement RM2,200 by cheque.