HWSH 1 WORKSHEET – 3 Date :______________

Name:
Name:______________________________________________________________
___________________ WORKSHEET – _____________________________
Level: AS Grade: IX IGCSE Subject: Accounting
Topic: Energy Efficiency
Question 1
__________ Grade: IX IGCSE
Topic: Energy Efficiency ↑ in Assets/Expenses - Debit

↑ in Liabilities/Incomes - Credit

Sr. Transaction Debit Account and reason Credit Account and reason
No.

1 Purchased motor car for cash

2 Sold computer and received a cheque

3 Bought Machine from JCB limited and

paid cash immediately

4 Sold office building on credit to Ideal

communication

5 Exchanged old machine for furniture

6 Sold patent to Panasonic limited

7 Purchased trade mark license and issued a

cheque

8 Purchased software license for cash

9 Paid legal fees for construction of new

office building

10 Paid wages for installation of new machine

11 Deposited cash in bank

12 Loan given to Shirley

 Question 2
↑ in Assets/Expenses - Debit

↑ in Liabilities/Incomes - Credit

Sr. Transaction Debit Account and reason Credit Account and reason
No.

1 Started business with cash

2 Purchased motor car on credit from Suzuki

Limited

3 Received bank loan from HSBC bank by

cheque

4 Bought Machine from Kirloskar limited

5 Purchased patent from Zydus limited

6 Borrowed cash from a friend and brought

it in business

7 Loan taken from Brother’s friend, Sam.

8 Purchased loose tools from Taparia

9 Introduced furniture, motor car and

machine in business

10 Received advance from a customer,

Mr.Abeer.

2
 Question 3

↑ in Assets/Expenses - Debit

↑ in Liabilities/Incomes - Credit

Sr. Transaction Debit Account and reason Credit Account and reason
No.

1 Repaid bank loan by issuing a cheque

2 Paid cash to a creditor

3 Withdrawn cash for personal use

4 Issued a cheque to repay loan from Lucky.

5 Furniture taken over for personal use

3
 Question 4
↑ in Assets/Expenses - Debit

↑ in Liabilities/Incomes - Credit

Sr. Transaction Debit Account And reason Credit Account and reason
No.

1 Sold goods for cash

2 Sold goods to Champion cream and

received a cheque

3 Bank allowed interest on our deposits with

them

4 Received commission by cheque

5 Sold goods on credit to Permani

6 Received brokerage from Tarang

7 Sold goods and received cash from Sudha

8 Naresh returned goods to us

4
 Question 5
↑ in Assets/Expenses - Debit

↑ in Liabilities/Incomes - Credit

WS I- Expenses ↑Asset ↓
Sr. Transaction Debit Account and reason Credit Account and reason
No.

1 Paid electricity charges by issuing a cheque

2 Purchased goods and issued a cheque

3 Purchased goods for cash

4 Paid wages to Singh

5 Purchased good and paid cash to Tricom

Limited

Expenses ↑ Liability ↑
Sr. Transaction Debit Account and reason Credit Account and reason
No.
1 Purchased goods on credit from Apex
Limited
2 Bought goods from Ranjeet international
Expenses ↓ Liability ↓
Sr. Transaction Account and Account and Debit Credit
No. effect 1 effect 2 Account Account
1 Returned goods purchased from Ranjeet