(ii) The following transactions are the activities of Excel Ltd in the month of August 2021. Aug Started a business with cash in hand RM45,000, and cash at bank RM80,000. 8 Bought electrical appliances RM10,600 by cheque. 14 Bought goods RM15,000 by cash. 26 Paid office expenses RM500 by cash. 30 Sold goods RM10,000 to Rahim by credit. Discount 5%
(ii) The following transactions are the activities of Excel Ltd in the month of August 2021. Aug Started a business with cash in hand RM45,000, and cash at bank RM80,000. 8 Bought electrical appliances RM10,600 by cheque. 14 Bought goods RM15,000 by cash. 26 Paid office expenses RM500 by cash. 30 Sold goods RM10,000 to Rahim by credit. Discount 5%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
1)Detail out the above business activities into ledger entries.

Transcribed Image Text:(ii)
The following transactions are the activities of Excel Ltd in the month of
August 2021.
Aug
1 Started a business with cash in hand RM45,000, and cash at bank
RM80,000.
8 Bought electrical appliances RM10,600 by cheque.
14 Bought goods RM15,000 by cash.
26 Paid office expenses RM500 by cash.
30 Sold goods RM10,000 to Rahim by credit. Discount 5%
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