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    Solution Q2a PYQ ACC106 (Jun2019-Jan2018)

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    Syafika Masrom-4F
    This document provides examples of journal entries for various business transactions involving effects on accounts, with debit and credit entries. It includes multiple dates ranging from January 2018 to June 2019 with increases or decreases to different accounts like assets, expenses, liabilities, equity, and revenue. Each date lists the account effects in debit-credit format to illustrate double-entry bookkeeping principles.

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    Download as PDF, TXT or read online from Scribd

    Solution Q2a PYQ ACC106 (Jun2019-Jan2018)

    Uploaded by

    Syafika Masrom-4F
    293 views2 pages
    This document provides examples of journal entries for various business transactions involving effects on accounts, with debit and credit entries. It includes multiple dates ranging from January 2018 to June 2019 with increases or decreases to different accounts like assets, expenses, liabilities, equity, and revenue. Each date lists the account effects in debit-credit format to illustrate double-entry bookkeeping principles.

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    This document provides examples of journal entries for various business transactions involving effects on accounts, with debit and credit entries. It includes multiple dates ranging from January 2018 to June 2019 with increases or decreases to different accounts like assets, expenses, liabilities, equity, and revenue. Each date lists the account effects in debit-credit format to illustrate double-entry bookkeeping principles.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    293 views2 pages

    Solution Q2a PYQ ACC106 (Jun2019-Jan2018)

    Uploaded by

    Syafika Masrom-4F
    This document provides examples of journal entries for various business transactions involving effects on accounts, with debit and credit entries. It includes multiple dates ranging from January 2018 to June 2019 with increases or decreases to different accounts like assets, expenses, liabilities, equity, and revenue. Each date lists the account effects in debit-credit format to illustrate double-entry bookkeeping principles.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    SUGGESTED SOLUTION Q2a: PYQ ACC106 - EFFECTS AND DOUBLE ENTRY

    JUN 2019

    Date Effects Journal entry/Double Entry


    May Increase Decrease Debit Credit
    2 Asset Bank
    Owner’s equity Capital
    6 Asset Asset Computer
    Bank
    11 Asset A/c receivable -Ramona
    Revenue Sales
    15 Asset Motor vehicle
    Owner’s equity Capital
    16 Expenses Asset Rental expense
    Cash
    20 Owner’s equity Drawings
    Asset Bank
    Expenses Purchases
    23 Revenue Return inwards
    Asset A/c Receivable – Ramona
    27 Asset Bank
    Asset Cash

    DEC 2018

    Date Effects Journal entry/Double Entry


    Mar Increase Decrease Debit Credit
    3 Asset Bank

    Capital/OE Capital
    6 Expenses Purchases
    Liability A/c Payable: Faris Food T
    11 Asset Cash
    Revenue Sales
    13 Liability A/c Payable: Faris Food
    Expenses Return outwards

    20 Expenses Purchases

    Asset Bank
    21 Expenses Stationeries exp
    Asset Cash
    28 Asset Furniture Bank
    Liability Asset A/c Payable- Suria Sdn
    Bhd
    29 Asset Bank
    Revenue Rental received
    31 Asset Motor vehicle
    Liability AP- SST Auto Ent
    JUN 2018

    Date Effects Journal entry/Double Entry


    Dec Increase Decrease Debit Credit
    3 Asset Computer
    Asset Furniture
    Capital/ OE Capital
    5 Expenses Purchases
    Liability A/c Payable: Kitchen2u
    6 Asset Cash
    Revenue Sales
    8 Liability A/c Payable: Kitchen2u
    Expenses Return outwards

    12 Asset Bank
    Liability Loan

    15 Asset A/c Receivable: Qaisara


    Revenue Sales
    21 Asset Bank
    Asset Cash

    JAN 2018

    Date Effects Journal entry/Double Entry


    Aug Increase Decrease Debit Credit
    4 Asset Motor van
    Asset Cash
    Capital/OE Capital
    8 Asset Bank
    Asset AR: SafOne Ent

    11 Liability AP: Yuha Ent


    Expenses Return outwards

    15 Expenses Insurance premium


    Asset Bank
    17 Expenses Purchases
    Liability A/c Payable: Hanis Sdn Bhd

    21 Asset Office Equipment


    Liability A/c Payable – FarEast Ent
    27 Expenses Utilities
    Expenses Rental
    Asset Bank

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