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QUESTION 2 Azri Trading is a stationery store and owned by Azrin. Below are the transactions of Azri Trading for the month of November
QUESTION 2 Azri Trading is a stationery store and owned by Azrin. Below are the transactions of Azri Trading for the month of November 2019. November 2019 Transactions Started the business with RM20,000 cash. Purchased Fujixerox printer RM700 by cheque for office use. Sold goods on credit to Rachel RM500. Banked in cash RM3,000. Paid rental of premises amounting to RM400 by cash. 1 3 13 14 17 21 24 26 The business bought a motor vehicle for RM4,500 cash. 28 Paid utility bills and wages of RM100 and RM500 cash respectively. Azrin took RM800 from the bank and RM200 goods for personal use. Sales returned by Rachel amounted to RM200. Required: Show the effect of the transaction on accounting equation (Asset, Liabilities, Income, Capital and Expenses)
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