Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How to do a ledger for the transaction? Kasturi is the owner of Kasturi Perfumes Enterprise selling a perfume in Mersing. During the month of

How to do a ledger for the transaction?

image text in transcribed
Kasturi is the owner of Kasturi Perfumes Enterprise selling a perfume in Mersing. During the month of January 2021 Kasturi Perfume Enterprise entered into the following transactions: Date Transaction 2021 1 Kasturi, a sole trader started his business on 1" January 2021 with RM30,000 January cash and computer RM3,000 2 Purchased a van RM100,000 from Auto Mina Sdn Bhd on credit 3 Purchased goods on credit from J&J RM7,000 6 Cash sales to Dina RM320 11 J&J issued credit note for goods returned RM250 15 Sold goods on credit to Rosemarty price listed at RM3,300. 17 Sent Cempaka Sari an invoice for price listed at RM11,250 20 Sent debit note to Rosemary RM500 for understated amount in invoice. 22 Kasturi took RM800 to repair her own vehicle 25 Commision paid RM450 by cheque 27 Purchased perfumes from Tommy RM4,000 on credit. 28 Kasturi took a bottle of perfume from the office RM200 as a birthday gift to her friend 29 Paid office rental RM1,200 by cheque 30 Cash sales RM3,000. Out of which RM2,000 was used to pay office salaries and the balance was banked into business bank account

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

Cornerstones Of Cost Accounting

Authors: Don Hansen, Maryanne M. Mowen

1st Edition

053873678X, 978-0538736787

More Books

Students also viewed these Accounting questions