TUTORIAL 3 DOUBLE ENTRY

BT12203 Business Accounting

FPEP UMS
SEM I 2015/2016

1. Complete the columns to the effect of their increase or decrease or no effect of the
following transactions.
No
.
1

Transactions

Owners
Equity

Bought furniture RM 200 paying

by cheque

Bought goods on credit RM 100

The owner brought RM 1,000

cash into the business

An account receivable pays us

RM 500 by cheque

Pay electricity bill RM 120 by

cash

Pay telephone bill RM 350 using

online banking facility

The owner takes RM 500 for his

personal use

The business pay an account

payable RM 50 by cheque

11

Liability

We pay a creditor RM 50 in cash

10

Asset

The owner paid his sons tuisyen

fees using the companys
cheque
Sold goods to Ahmad on credit

TUTORIAL 3 DOUBLE ENTRY

BT12203 Business Accounting

FPEP UMS
SEM I 2015/2016

2. You are required to show the effect of the following transactions on the accounting
equation using the format given below:
Example: Rose started business with cash in bank RM 35,000.
Assets
Bank
Increase
RM 35,000
i.
ii.
iii.
iv.
v.
vi.
vii.
N
o.

Expenses

Drawings

Liabilities

Capital
Capital
Increase
RM 35,000

Revenues

Purchased goods from Ginseng Sdn. Bhd. worth RM 2,600 on credit basis.
Rose used the company cheque RM 1,700 for his personal use.
Sold goods to Sunflower Ltd. amounted RM 1,400 and received cheque.
Paid Avon RM 700 for office rent by cash.
Paid Ginseng Sdn. Bhd. by cheque RM 2,600 for the goods bought earlier.
Rose puts RM 3,000 cash into the business.
Sunflower Ltd. bought goods from the company RM 600 on credit.
Assets

Expenses

Drawings

Liabilities

Capital

Revenues

ii

iii

iv

vi

vii