1. Record the following transaction in the appropriate journal, ledger accounts and balance off the accounts at 30 September 2020. Sept 3 Bought goods on credit for RM846 from Labu Enterprise 6 Sold goods for cash of RM73 7 Bought motor vehicle by cheque for RM4,300 11 Sold goods to Karas Sdn Bhd on credit for RM380 13 Karas Sdn Bhd returned goods to Labu Enterprise worth RM143 17 Returned goods to Labu Enterprise worth RM83 20 Received cheque for RM60 from Karas Sdn Bhd on acount 24 Bought office furniture by cheque for RM365 27 Sent cheque to Labu Enterprise in settlement of account RM160 29 Sold goods to Sakun Enterprise on credit fro RM412
1. Record the following transaction in the appropriate journal, ledger accounts and balance off the accounts at 30 September 2020. Sept 3 Bought goods on credit for RM846 from Labu Enterprise 6 Sold goods for cash of RM73 7 Bought motor vehicle by cheque for RM4,300 11 Sold goods to Karas Sdn Bhd on credit for RM380 13 Karas Sdn Bhd returned goods to Labu Enterprise worth RM143 17 Returned goods to Labu Enterprise worth RM83 20 Received cheque for RM60 from Karas Sdn Bhd on acount 24 Bought office furniture by cheque for RM365 27 Sent cheque to Labu Enterprise in settlement of account RM160 29 Sold goods to Sakun Enterprise on credit fro RM412
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1. Record the following transaction in the appropriate journal, ledger accounts and
balance off the accounts at 30 September 2020.
Sept 3 Bought goods on credit for RM846 from Labu Enterprise
6 Sold goods for cash of RM73
7 Bought motor vehicle by cheque for RM4,300
11 Sold goods to Karas Sdn Bhd on credit for RM380
13 Karas Sdn Bhd returned goods to Labu Enterprise worth RM143
17 Returned goods to Labu Enterprise worth RM83
20 Received cheque for RM60 from Karas Sdn Bhd on acount
24 Bought office furniture by cheque for RM365
27 Sent cheque to Labu Enterprise in settlement of account RM160
29 Sold goods to Sakun Enterprise on credit fro RM412
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