Podar International School

2. Double Entry Bookkeeping - Part A

1. On 1 August 2018 Nelly had the following transactions: [8]

a. Paid $100 cash into the bank.
b. Transferred private computer $500 to the business office for use
by the staff.
c. Took cash, $300, as drawings.
d. Paid a creditor, Jason, $120 by cheque.
e. Paid electricity bill $300 for the month of July by credit transfer.
State the double entry needed to record each transaction.
Account debited $ Account credited
a
b
c
d
e

2. On 1 July 2013 a trader had the following transactions: [7]

a. Received $800 by cheque from subletting premises.
b. Took goods costing $200 for his own use.
c. Received $600 by cheque in full settlement of a debt of $625 from
Tabitha, a credit customer.
d. Sold goods costing $1 000 on credit to Samir for $1 400.

Debit entry $ Credit entry $

a
b
c
d

Parvez Noor – Double Entry Bookkeeping - Part A Page 1