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Question 2 ( 2 0 Marks ) Below are the transactions of Darren Electric Shop for the month of March 2 0 2 1 .
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Below are the transactions of Darren Electric Shop for the month of March
tableNoTransactions,Effect onAssets,Liabilities,EquityExampleCommission received, RMIncrease,,Increase March,The owner started business with RM cash.,,, March,tablePurchased goods from supplier on credit amountingRM March,Sold goods on credit to Sofia worth RM March,tableBought furniture on credit from HomePro Bhd worthRM March,Paid general expenses RM by cash.,,, March,tableThe owner brought in his car valued at RM intothe business. March,tableThe owner took a microwave oven worth RM forhis personal use. March,Received a loan of RM from CIMB Bank.,,, March,tablePaid electricity bill RM by cheque to TenagaNasional Bhd March,Paid to staff salary by cheque amounting to RM
Required:
Complete the above columns to show the effects IncreaseDecrease of the transactions.
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