TRANSACTION

DATE ACCOUNTING DOUBLE ENTRY

EFFECT

DATE
TRANSACTIONS
2022 Started a business with RM200000 cash ASSET INCREASE . DR Asset RM200000
JUNE 1 EQUITY INCREASE . CR CAPITAL RM200000

2 Deposited cash of RM180000 to the BANK ASSET INCREASE . DR BANK RM180000

ASSET DECREASE . CR CASH RM180000
4 Took loan RM60 000 from Bank Islam for van vehicles ASSET INCREASE .DR VAN VEHICLES RM60000
LIABILITIES INCREASE . CR ACCOUNT PAYABLE
Maybank RM 60000
5 Bought goods worth RM40 000 on credit from MYFON EXPENSES INCREASE .DR PURCHASES RM40000 .
LIABILITIES INCREASE CR ACCOUNT PAYABLE
MYFON RM40000
5 Bought racks and tables worth RM 800 by cash EXPENSES INCREASE .DR PURCHASES RM800
ASSET DECREASE . CR CASH RM 800
5 Bought a cash register worth RM 200 by cash from EXPENSES INCREASE .DR PURCHASES RM200
SHOPEE ASSET DECREASE . CR CASH RM200
7 Bought goods worth RM20000 on credit from OPPO EXPENSES INCREASE .DR PURCHASES RM20000
LIABILITIES INCREASE . CR ACCOUNT PAYABLE
OPPO RM20000

Sold goods worth

9 ASSET INCREASE .DR ACCOUNT RECEIVABLE
REVENUE INCREASE Karim RM30000
. CR SALES RM30000

RM1 000 on credit

to Maria
Sold goods worth RM30 000 on credit to Karim

11 Sold goods worth RM65000 for cash ASSET INCREASE .DR CASH RM65000
REVENUE INCREASE . CR SALES RM65000
13 Karim return goods worth RM2000 REVENUE DECREASE .DR SALES RETURN RM2000
ASSET DECREASE . CR ACCOUNT RECEIVABLE
Karim RM2000
14 Return goods worth RM 4000 to MYFON LIABILITIES .DR ACCOUNT PAYABLE
DECREASE MYFON RM4000
EXPENSES DECREASE . CR PURCHASES RETURN
RM4000
16 Bought goods worth RM 45000 from Xiaomi on credit EXPENSES INCRASE . DR PURCHASES RM45000
LIABILITIES INCREASE . CR ACCOUNT PAYABLE
Xiaomi RM 45000
16 Return goods worth RM1000 to OPPO LIABLILTIES .DR ACCOUNT PAYABLE
DECREASE OPPO RM1000
EXPENSES DECREASE . CR PURCHASES RETURN
 RM1000
17 Sold goods worth RM70000 to SMH Trading on credit ASSET INCREASE .DR ACCOUNT RECEIVABLE
REVENUE INCREASE SMH Trading rm70000
. CR SALES RM70000
18 SMH Trading return goods worth RM500 REVENUE DECREASE .DR SALES RETURN RM500
ASSET DECREASE . CR ACCOUNT RECEIVABLE
SMH Trading RM500
20 The owner took cash for RM600 for his personal use EQUITY DECREASE .DR DRAWING RM600
ASSET DECREASE . CR CASH RM600
21 Bought goods worth RM22000 by cheque EXPENSES INCREASE .DR PURCHASES RM22000
ASSET DECREASE . CR BANK RM22000
22 Paid salary amounting RM1400 by cash EXPENSES INCREASE .DR SALARY RM1400
ASSET DECREASE . CR CASH RM1400
22 Paid rent amounting RM1100 by cash EXPENSES INCREASE .DR RENT EXPENSES RM1100
ASSET DECREASE . CR CASH RM1100
23 Sold goods worth 43000 to Alif by cheque ASSET INCREASE .DR BANK RM43000
REVENUE INCREASE . CR SALES RM43000
25 Commission received worth RM3000 by cheque ASSET INCREASE .DR BANK RM3000
REVENUE INCREASE . CR COMMISION RECEIVED
RM3000
28 Sold goods worth RM81950 on credit to XOXE ASSET INCREASE .DR ACCOUNT RECEIVABLE
Enterprise REVENUE INCREASE XOXE Enterprise RM81950
. CR SALES RM81950
29 Paid utilities bill worth RM650 by cash EXPENSES INCREASE .DR UTILITIES EXPENSES
ASSET DECREASE RM650 . .
. CR CASH RM650