EXTRA CLASS: DOUBLE ENTRY

A)

KEYWORDS NAMES OF ACCOUNT

TOOK/ DREW/ WITHDREW/ TAKE OUT

RETURNED GOODS TO

RETURNED GOODS BY

BOUGHT GOODS/PURCHASED GOODS/

GOODS

SOLD GOODS

BEGAN BUSINESS/ STARTED BUSINESS/

COMMENCED BUSINESS

CHEQUE

CASH AT BANK

CASH IN HAND

OFFICE USE

B) COMPLETE THE TABLE BELOW AND STATE WHICH ACCOUNT TO BE DEBITED AND WHICH
ACCOUNT TO BE CREDITED.

DEBIT CREDIT

Started business with cash in hand

Returned goods to Sy Ali

Paid insurance by cash

Withdrew cash at bank for personal use

Dew out cheque for office use

Received commission by cash

Bought goods by cheque

Sold furniture and received cheque

Amzar returned goods

Purchased van by cash

C) RECORD THE LEDGER

I) Bought goods by cheque $300

II) Sold furniture and received cheque $850