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Mr. Bijak started his business on 1st August 2022 . The following transactions were recorded in the first month. 2022 Aug 1 Started in business
Mr. Bijak started his business on 1st August 2022 . The following transactions were recorded in the first month. 2022 Aug 1 Started in business with RM10.000 4 Bought goods on credit RM410 from Ali. 5 Bought a van by cheque RM4,920. 7 Bought goods for RM362 paid by cheque. 10 Sold goods on credit RM218 to Chuang. 12 Returned goods to Ali RM42. 13 Bought goods from Ali RM350 17 Chuang paid RM 200 to settles his account after receiving RM 18 discount 19 Sold goods for RM54 and received cheque. 21 Sold goods on credit RM990 to Malar. 22 Bought fixtures on credit from Cekap Ltd RM820. 23 Malar paid us RM 900 by cheque and received RM 90 discount 24 Felicia lent us RM1,500 paying us the money by cheque. 29 We paid Ali his account by cheque RM368 and received RM 70 discount. 31 We paid Cekap Ltd by cheque RM820. Required: i. Prepare the ledgers for the above transactions ii. Prepare the Trial Balance as at 31 August 2022. (50 marks) (20 marks) iii. Discuss on any THREE (3) types of errors which do not cause a trial balance to disagree. (Your discussion should include relevant examples) (30 marks)
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