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Question 1 Identify the accounts and the debit/credit entries to be made in the ledger to record each of the following transactions. Example: Sold goods
Question 1 Identify the accounts and the debit/credit entries to be made in the ledger to record each of the following transactions. Example: Sold goods on credit to Sally Debit Sally Credit Sales a. Bought goods for sale on credit from Ali. b. Paid carriage on the goods purchased, in cash. C. Owner's private car brought into the business. d. Bought office equipment on credit from Bakar. e. Received a cheque from Sally. f. Cash sales. g. Paid wages to workers by cheque. h. Bank loan from RHB. i. Paid personal computer with the company cheque. j. Returned goods to Ali. (2 marks each)
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