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LEDGER AND DOUBLE ENTRY

1. Analyse the following transactions by completing the table below.

Transactions A/C Debited A/C Credited

1. Riza started business with cash

2. Paid advertising by cheque

3. Bought vehicle on credit from Faizal

4. Withdrew cash from bank for office use

5. Returned goods to Sy. Amalina

6. Interest received by cash

7. Cash sales to date

8. Drew goods for personal use

9. Received cheque from Amni

10. Goods returned by Syafiq

2. Record the following transactions in a ledger. Close the bank account only
and bring down the balance to the following month. (Use foolscape paper to
draw the ledger)

2022
Mac 1 Bibi started business with cash at bank $10 000 as capital

5 Bought goods by cheque $400

10 Sold goods by cash $150

20 Bought equipment by cheque $5 000