LEDGER

DATE
5.1.2014

ACCOUNTS-- CLASSROOM EXERC

T R A N S A C T I O NS

7.2.2014

Ahmad Faizal ( AF) started business with RM 150,000 by depositing .

into the bank account.
AF decided to buy a lorry for RM 25,000 and he paid by cheque.

25.2.2014

AF bought

3.3.2014

AF decided to buy a
building costing RM 240,000 from Superior
Properties
Sdn Bhd
AF paid RM 40,000 by cheque as deposit for the Office building
from SPSB
AF bought furnitures costing RM 15,000 by cheque.

10.3.2014
5.4.2014
10.4.2014
15.4.2014
5.5.2014

goods for RM 10,000

which he paid by cheque.

AF decided to put additional money of RM 75,000 in cash into the

business
AF bought additional goods for the business costing RM 45,000
from Office Supplies Ltd (OSL )
AF paid RM 10,000 to OSL in cash.

30.5.2014

AF paid RM 25,000 to SPSB by

5.6.2014

AF paid RM 12,000 for office rental

for six months ended
30.6.2014
AF sold goods for RM 28,000 and received a cheque for the
amount

25.7.2014

cheque.

20.8.2014
30.8.2014
2.9.2014

AF paid RM 16,000 for employing two managers in August 2014 by

cheque
AF sold extra goods for RM 12,000 and receive the money in cash.

15.9.2014
25.9.2014
15.11.2014

AF

paid RM 10,000 for buying a photocopying

machine in cash.

20.12.2014
Required:
a) Open the " T " or ledger accounts for the above business transactions for the year
to 31.12.2014
b) Balance the accounts for the year ended 31.12.2014 and bring-down the balances to
1.1.2015

c)

Extract the " Trial balance " as at 31.12.2014.

CLASSROOM EXERCISE
A C T I O NS

00 by depositing .
paid by cheque.
by cheque.

0 from Superior

e Office building

in cash into the

g RM 45,000

onths ended

ue for the

in August 2014 by
the money in cash.

machine in cash.

ons for the year

n the balances to

(AMW)