ACC407

TRANSACTIONAL ANALYSIS AND ACCOUNTING EQUATION

TUTORIAL A1 (Transactional Analysis)
Date
Transaction Accounts
JAN
Cash
Ali started business with RM10,000
1
cash.
Capital
Capital
Ali also brought into the business
1
RM5,000 worth of office equipment.
Office
Equipment

The business deposited RM8,000 of the Capital

2
cash into the bank account. Bank

Bank
3 Received loan by cheque RM5,000.
Loan
Furniture &
Purchased furniture worth RM1,000 by
4
cheque.
Fittings
Bank
The owner took for his own use Drawings
5
RM100 cash. Cash

Insurance
6 Paid insurance by cash RM600.
Cash

Salary
6 Paid salary by cheque RM300.
Bank

Received commission by cheque Bank

7
RM250. Commision

Electricity
8 Paid electricity bill by cheque RM400
Bank

Cash
9 Received rental by cash RM500.
Rent
 Cash
9 Cash purchases RM3,000
Purchase

Purchased goods worth RM2,000 from Inventory

10
supplier on credit. Bank

The owner took for his own use RM50 Drawings

11
worth of goods Inventory

Cash
11 Cash sales RM7,000
Sales

Sold goods on credit to customer Sales

12
RM500. Receivables

Payables
13 Return goods to supplier RM100.
Return Outwards
Return Inwards
14 Goods return by customer RM50.
Receivables
Received cash RM400 from
Sales
15 customer who bought goods
on credit Receivables
Payables
Paid by cheque RM1800 to
16
credit supplier
Bank
Received discount from Discount Received
17
supplier for early settlement of debt Payables
Discount Allowed
Give discount to customer for early
18
settlement of debt
Receivables
 Types of
Effect
Accounts
Assets
Increase
Increase
Owner's Equity
Owner's Equity Increase
Assets Increase

Owner's Equity Increase

Assets Increase

Assets
Increase
Increase
Liabilities
Assets Increase
Assets Decrease
Owner's Equity
Decrease
Decrease
Assets
Expenses Decrease
Assets Decrease

Expenses Increase
Assets Decrease

Assets Increase
Revenue Increase

Expenses Increase
Assets Decrease
Assets
Increase
Increase
Revenue
Assets Decrease
Expenses Increase

Assets Increase
Liabilities Increase

Owner's Equity
Decrease
Decrease
Assets
Assets Increase
Revenue Increase

Revenue Increase
Assets Increase

Liabilities Decrease
Expenses Decrease

Assets Increase
Assets Decrease

Revenue Increase
Assets Increase

Liabilities Decrease
Assets Decrease

Revenue Increase
Liabilities Increase

Expenses Increase
Assets Decrease
ACCOUNTING EQUATION
1. Basic A = C
A =TUTORIAL
C+L A2 (Basic Accounting Equation)
2. Calculate
Expandedthe A = Cfor
value + Rthe
– Emissing
+ L items below:
Rewrite: A + E = C + R + L
Assets Capital Liabilities

RM45,000 RM36,200 RM12,400

RM46,333 RM33,000 RM13,333

RM21,200 RM10,000 RM11,200

RM45,678 RM11,111 RM34,567

RM128,700 RM85,400 RM43,300

RM67,532 RM32,688 RM34,844

TUTORIAL A3 (Expanded Accounting Equation)
Calculate the value of the missing items below:

Assets Liabilities Capital Drawings Revenue

(RM) (RM) (RM) (RM) (RM)

i. 102,000 27,000 69,500 7,500 34,000

ii. 78,000 24,000 55,000 5,600 22,500

iii. 27,400 12,100 20,000 1,200 9,000

iv. 200,000 88,000 120,000 15,000 41,800

Expenses

(RM)

21,000

17,900

12,500

34,800