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Question 2 Below are the transactions that Selamat Sdn. Bhd. (SSB) incurred during the month of January 2021. Write in the appropriate boxes the
Question 2 Below are the transactions that Selamat Sdn. Bhd. (SSB) incurred during the month of January 2021. Write in the appropriate boxes the title of the accounts to be debited and credited together with the amount. Accounting Transactions Account to be debited Account to be credited Example: Started a business with RM50,000 cash in the bank as capital. Bank Capital RM50,000 RM50,000 1. Started a business with RM30,000 cash in hand, RM80,000 in the bank, a bank loan worth RM50,000, and capital of RM60,000. 2. Sold goods on credit to Sihat Company with the total amount of RM23,400. 3. Purchased of goods amounted to RM67,200 from Handal Supply. 4. Cash sales to Puan Sarah at the gross amount of RM4,000. Gave a 3% discount to Puan Sarah since she paid with cash. 5. Returned some defective goods to Handal Supply amounted to RM1,200. 6. Paid RM3,500 for the current month's rental through cheque. 7. Purchased a new machine at the cost of RM8,500 through cash. 8. The owner added another RM45,000 cash to the company as capital. 9. 10. The owner issued a cheque to his name for his personal house electricity bills amounted to RM700. Paid sundry expenses RM300 and advertisement RM2,000 by cash. (20 Marks)
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