Question
create transactions related to the nature of your business for the month of Nov 2021. All the transactions are to be explained with the nature
create transactions related to the nature of your business for the month of Nov 2021. All the transactions are to be explained with the nature of your business. [Eg: For credit sales - you can put it this way: Sold a dozen of books on credit worth RM1,00 each book]
You should please include the following transactions:
Transactions | Required |
Capital Introduced (cash in hand, cash at bank & non-current assets | 1 |
Loan taken from a bank | 1 |
Non- current assets acquired on credit | 2 |
Non- current assets acquired on cash basis | 1 |
Trade goods purchased on credit (minimum 3 different suppliers) | 4 |
Trade goods purchased on cash basis | 2 |
Trade goods sold on credit (minimum 3 different customers) | 4 |
Trade goods sold on cash basis | 2 |
Return of goods by customers | 2 |
Return of goods to suppliers | 2 |
Payment to supplier inclusive of discount received | 3 |
Payment by customers inclusive of discount allowed | 3 |
Payment of expenses by cheque | 3 |
Payment of expenses by cash | 3 |
Receipt of income by cheque | 2 |
Receipt of income by cash | 1 |
Withdrawal of goods for personal use | 1 |
Withdrawal of cash for personal use | 1 |
PLEASE TYPE IT using Microsoft Office software. (Eg: Microsoft word & Excel. Thank You.
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