REVISION PRINCIPLE OF ACCOUNTING

QUESTION 1

The following is information extracted from the accounting book of Raja Shop as at 31 March
2021

2021

Marc h 1 Credit sales of RM2,000 to Imad

2 paid telephone bill of RM300 by cash

9 Purchased goods on credit to Mr Lim worth RM10,000

10 sold used furniture worth RM200 for cash.

12 Cash sales RM8,000

17 Imad returned goods worth RM200

19 Made sales on credit RM15,000 to Reza

20 returned defective goods RM700 to creditor Li Fang

25 Rahmat paid RM20,00 of his debt by cheque.

29 Paid debt to Li Fong RM15,000, Mr Lim RM5,000 and employees salaries of

RM2,000 by cheque.

You are required to:

i. Record the above transaction in the relevant books of original entry (10 marks)
ii. Post the above entries to the respective ledger accounts and balance off all the
accounts. (10 marks)
iii. Prepare a Trial Balance as at 31 March 2021 (5marks)