Question

Cahaya Sdn Bhd was formed on 1 March 2020. The transactions for March 2020 in the...

Cahaya Sdn Bhd was formed on 1 March 2020. The transactions for March 2020 in the records of Cahaya Sdn Bhd are as the following:

2020

March    1 Started business with RM16,000 in the bank.

              2 Bought van paying by cheque RM6,400.

              5      Bought office fixtures RM900 on credit from Lama Sdn Bhd.

           8      Bought van on credit from Super Cars Bhd RM7,100.

         12     Took RM180 out of the bank and put it into the cash till.

             15     Bought office fixtures paying by cash RM120.

             19     Paid Super Cars Bhd a cheque for RM7,100.

             21     A loan of RM500 cash is received from Mr. Barakah.

             25     Paid RM400 of the cash in hand into the bank account.

             30     Bought more office fixtures paying by cheque RM480.

Required;

Prepare journal entries to record the above transactions in the book of Cahaya Sdn Bhd.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Cahaya Sdn Bhd was formed on 1 March 2020. The transactions for March 2020 in the...
Cahaya Sdn Bhd was formed on 1 March 2020. The transactions for March 2020 in the records of Cahaya Sdn Bhd are as the following: 2020 March    1    Started business with RM16,000 in the bank.               2    Bought van paying by cheque RM6,400.               5      Bought office fixtures RM900 on credit from Lama Sdn Bhd.              8      Bought van on credit from Super Cars Bhd RM7,100.            12     Took RM180 out of the bank and put...
SNM Sdn Bhd received its bank statement for the month of March 2020 from BCB Bank....
SNM Sdn Bhd received its bank statement for the month of March 2020 from BCB Bank. The bank statement shows a balance of RM520,200 while SNM Sdn Bhd cash book balance shows a balance of RM512,750 on 31 March 2020. A comparison of the bank statement with the cash book reveals the following information. Cheque number 1444 for RM2,000 and cheque number 1501 for RM2,900 are still outstanding on the 31 March 2020. The bank statement indicates that BCB Bank...
On March 1 2020 Joe started a new sole trader business. During March he carried out...
On March 1 2020 Joe started a new sole trader business. During March he carried out the following businesses-related transactions: Deposited $20,000 cash in a business bank account Purchased fixtures and fitting for $6000 cash, and inventory valued at $8000 on credit Borrowed $5000 from a relative, repayable in 2 years time, and deposited it in the bank Purchased a van for $7000 cash and withdrew $200 for his own use Won $2000 in a lottery and paid it all...
Question 3 What will be the double entry for below-mentioned transactions? Complete the table. Transaction Accounts...
Question 3 What will be the double entry for below-mentioned transactions? Complete the table. Transaction Accounts to be debited Accounts to be credited example Bought a van with cheque. Van Bank Purchase furniture with cash. 2. Sold goods to Maniam Trading on credit. 3. Made cash sates. 4. Owner brought in additional capital in the form of a motor vehicle. 5. Made credit purchases from Zarina Enterprises. 6. Paid cash for petrol that is used in delivery van. 7. Received...
On 1 March 2020, Maju Teras Bhd borrowed RM50,000 from MyBank Bhd and signed a 12%...
On 1 March 2020, Maju Teras Bhd borrowed RM50,000 from MyBank Bhd and signed a 12% one month note payable. MyBank Bhd charged 1% initial fee on the note. Maju Teras Bhd assigned RM73,000 of its accounts receivable to MyBank Bhd as a security. During March 2020, Maju Teras Bhd collected RM70,000 of the assigned accounts receivable and RM3,000 of the sales were returned by the customers. Maju Teras Bhd paid the principal and interest on note payable to MyBank...
Qaseh Enterprise commenced business on 22 February 2019. A year later, the following financial transactions occurred...
Qaseh Enterprise commenced business on 22 February 2019. A year later, the following financial transactions occurred during the month of February 2020: Date Transactions February 1 Owner contributed further cash into the business bank account amounting RM60,000. February 2 Hired Laila and Majnoon as staff and each of them is entitled a monthly salary of RM1,200. February 3 Bought goods on credit from Aminah Awang Bhd worth RM3,000. February 5 Cash sales, paid directly into the bank account worth RM1,900....
Indicate the accounts to be debited and credited in each of the following transactions. (10 marks)...
Indicate the accounts to be debited and credited in each of the following transactions. a. Montle (Pty) Ltd started business with P300,000 at the bank. b. Bought office furniture paying by cheque P30,000. c. Obtained a bank loan from the bank for P120,000. d. Purchased goods on credit from YM Ltd for P30,000. e. Sold goods on credit to AT ltd for P15,000.
Write up a two-column cash book for a second hand bookshop from the following transactions that...
Write up a two-column cash book for a second hand bookshop from the following transactions that took place in the month of November. Date Transaction 1/11/2013 Balance brought forward from last month Cash:K295;bank K4,240 2/11/2013 Cash sales K310 3/11/2013 Took K200 out of the cash till and paid it into the bank 4/11/2013 F.bell paid us by cheque K194 5/11/2013 We paid for postage stamps in cash K80 6/11/2013 Bought office equipment by cheque K310 7/11/2013 We paid L.Root by...
Prepare the three column cashbook and balance it. 2009 March 1 Started business with P8000.00 4....
Prepare the three column cashbook and balance it. 2009 March 1 Started business with P8000.00 4. Bought goods paying by cheque P1430.00 8. Cash sales P680.00 9. Sold goods on credit to N.Masego P340.00, A.Kabo P240.00, B.Olorato P320.00 10. Bought goods on credit from; S.Kagiso P520.00, F.Kola P760.00, P. Mokgwathi P510.00 19. N.Masego paid up his account of P340.00 by means of a cheque for P320.00, he was given P20.00 discount. 20. Paid S.Kagiso his account of P520.00 by means...
Syarikat Bahan Bina Sdn. Bhd. (SBBSB) has made an agreement with Mr. Sany who obtained a...
Syarikat Bahan Bina Sdn. Bhd. (SBBSB) has made an agreement with Mr. Sany who obtained a contract from the Kuala Krai District Council (MDKK) for the construction of drainage. SBBSB agreed to supply building materials to Mr Sany on credit. However MDKK has canceled the contract with Mr Sany as he does not have a skilled workforce. Mr Sany has sold building materials supplied by SBBSB to Mr Low. SBBSB demanded that Mr Low return the building materials or pay...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT