Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

UROX Sdn Bhd has started a new business selling stationaries. The following transactions took place during t 1. Record and close the above transactions in

image text in transcribed
UROX Sdn Bhd has started a new business selling stationaries. The following transactions took place during t 1. Record and close the above transactions in appropriate ledger account for the period ended 31 December 2. Trail balance as at 31 December 2021. (3 Marks) No Date Transaction RM 3 Dec Invested cash in business 150.000 5 Dec Purchase raw material on credit form from Afiq Sdo Bhd (5% 50.000 discount if paid full within 30 days) 7 Dec Purchase raw material on credit term from Danish Trading (5% 70.000 discount if paid full within 30 days) 9 Dec Cash sales to Samantha 15.000 11 Dec Credit sales to Wong (5% discount if paid full within 30 days) 25.000 13 Doc Wong returned defective goods 5.000 15 Dec Returned defective material to Danish Trading 2.000 17 Dec Purchase furniture on cash 5.000 19 Doc Payment to Danish Trading 17,000 21 Dec Payment from Wong 19.000 11 23 Doc Loan received from bank 50.000 12 25 Doc Payment to Afiq Sdo Bhd 9.500 13 27 Dec Sundry Expenses 10.000

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

Strategic Management Awareness And Change

Authors: Frank Martin , John Thompson , Jonathan M.Scott

8th Edition

1473726336, 978-1473726338

More Books

Students also viewed these General Management questions