Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Show the double entry and ledgers for the following transactions. I. Started business with cash in bank of RM 2 0 0 0 0 0

Show the double entry and ledgers for the following transactions.
I. Started business with cash in bank of RM 200000
II. Owner withdrew RM 12000 of cash for personal use
III. Bought a machine worth RM 120000 on credit from Zain Trading
IV. Paid utilities of RM 8000 by cheque
V. Received payment of RM 18000 for rental

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Warren, Reeve, Duchac

12th Edition

1133952410, 9781133952411, 978-1133952428

More Books

Students also viewed these Accounting questions