INVOICE issued date 05/05/2020 as below:You have received an invoice from one of our suppliers and you are required to prepare:(i) Double entry for the invoice you have received base on the account and supplier number provided. (ii) Base on tax point of view, specify each item whether it is Capital or Revenue expenditure. Qty DescriptionMonitor cable22251212582025820370012Lenovo desktopVacuum cleanerLighting switchAccount no.5800158031582017030170305A4 PaperPilot 0.7 Blue PenSupplier no.70109185DescriptionPrinting & stationeryOffice equipmentComputer softwareComputer hardwareComputer accessoriesElectricityUpkeep of factoryDisposal costSupplier nameAll In Company Sdn BhdAmbu A/S (Inter-Co)Unit price (RM)18.902,350.991,099.009.908.9010.90TotalAmount (RM)37.804,701.982,198.0049.50106.80130.807,224.88

The double entry system is the system which is followed by the company through the transactions are…

Answered: Double entry for the invoice you have…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

INVOICE issued date 05/05/2020 as below:

You have received an invoice from one of our suppliers and you are required to prepare:

(i) Double entry for the invoice you have received base on the account and supplier number provided. (ii) Base on tax point of view, specify each item whether it is Capital or Revenue expenditure.

Qty Description
Monitor cable
2
2
2
5
12
12
58202
58203
70012
Lenovo desktop
Vacuum cleaner
Lighting switch
Account no.
58001
58031
58201
70301
70305
A4 Paper
Pilot 0.7 Blue Pen
Supplier no.
7010
9185
Description
Printing & stationery
Office equipment
Computer software
Computer hardware
Computer accessories
Electricity
Upkeep of factory
Disposal cost
Supplier name
All In Company Sdn Bhd
Ambu A/S (Inter-Co)
Unit price (RM)
18.90
2,350.99
1,099.00
9.90
8.90
10.90
Total
Amount (RM)
37.80
4,701.98
2,198.00
49.50
106.80
130.80
7,224.88

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions