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Real Sdn Bhd did not keep his books of accounts under double entry system. Depreciation on Non- current asset is given at 10% using
Real Sdn Bhd did not keep his books of accounts under double entry system. Depreciation on Non- current asset is given at 10% using straight line method. Bank RM Bal b/d 8,000 Cash Purchases RM 14,000 Cash Sales 40,000 Creditors 20,000 Receipt from debtors 30,000 Sundry expenses 6,000 Cartage Drawings Bal c/d 2,000 To compute 28,000 78,000 78,000 Other information: Debtors Creditors Inventory of Materials Office Equipment Furniture Discount allowed 31 December 2020 9,000 31 December 2021 12,000 14,400 6,800 10,000 16,000 40,000 40,000 3,000 3,000 1,400 1,700 Discount received Required to show the following ledgers: iv. Purchases account (1.5 marks)
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