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DOUBLE ENTRY (10 MARKS) CHOOSE THE ACCOUNT TO BE DEBITED AND CREDITED. The owner took some inventories 1 point of RM120 for home use. *

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DOUBLE ENTRY (10 MARKS) CHOOSE THE ACCOUNT TO BE DEBITED AND CREDITED. The owner took some inventories 1 point of RM120 for home use. * . O Dr Drawings, Cr Purchases Dr Drawings, Cr Inventories Dr Purchases, Cr Inventories Dr Purchases, Cr Drawings Paid advertising by cheque. 1 point Dr Advertising, Cr Cheque Dr Cheque, Cr Advertising Dr Bank, Cr Advertising O Dr Advertising, Cr Bank 1 point Credit purchases from BEE Trading. O Dr Purchases, Cr BEE Trading Dr Bank, Cr Purchases Dr BEE Trading, Cr Inventory O Dr Purchases, Cr Inventory 1 point Made payment to creditor by cheque. * O Dr Account Payables, Cr Bank Dr Account Receivables, Cr Bank O Dr Bank, Cr Account Payable O Dr Bank, Cr Account Receivable Received commission by cash. * 1 point Dr Cash, Cr Commission received Dr Commission received Cr Bank Dr Cash, Cr Commission expenses O Dr Bank, Cr Commission expenses Sold goods by cheque to Zahirah. 1 point * Dr Bank, Cr Zahirah Dr Bank, Cr Sales Dr Zahirah, Cr Bank O Dr Inventory, Cr Sales Deposited cash into bank. * 1 point Dr Cash, Cr Bank Dr Bank, Cr Cash Dr Cash, Cr Capital Dr Bank, Cr Capital Borrowed RM10,000 from bank. * 1 point Dr Bank, Cr Account receivable Dr Bank, Cr Loan from bank Dr Account receivable, Cr Loan from bank Dr Loan from bank, Cr Bank 1 point Bought machinery from Tech Supplies by credit.* Dr Machinery, Cr Bank Dr Bank, Cr Machinery Dr Machinery, Cr Tech Supplies Dr Purchases, Cr Tech Supplies 1 point Customer returned wrong inventory to business. * Dr Return Inwards, Cr Account Payables Dr Account Payables, Cr Return Outwards Dr Account Receivables, Cr Return Outwards Dr Return Inwards, Cr Account Receivables

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