Questions 1

The transactions below were carried by CC Enterprise in the month of

February 2015
Date
2015
February
1
5
10
12
14
20
25
28

Transactions
The owner of CC Enterprise bought a furniture for business use of
RM5,000 by using his personal saving
Purchased goods RM2,500 on credit from RImba Sdn. Bhd
Sold goods RM4,000 on credit to Dahlia Enterprise
Issued a debit note of RM300 to Rimba Sdn Bhd for the goods
returned
Received cheque from Dahlia Enterprise for the full settlement of
its account
Issued cheque to Rimba Sdn Bhd for the full settlement of the
amount owed and received RM200 cash discount from this
transaction
Issued receipt to Encik Bakar for goods sold of RM450 by cash
The owner took goods worth RM150 and cash of RM300 for his
personal use

Required:
a. ldentify the effects (increase or decrease) for each of the
transactions given above.
b. Show the accounts to be debited and credited for all of the
transactions shown above.
c. Identify the appropriate of book of prime entry for transactions
occurring from February 1 to February 14 only.

Question 2
The following transactions were extracted from the book of Honey
Enterprise for the month of May 2014.

Transactions:
6
8

Purchased goods worth RM7300 on credit from Zurina Enterprise.

Owner brought in motor vehicles amounting RM55000 into the
business.
11
Sold goods to Zakiah for RM3,800. She paid cash RM2,000 and
the balance
being paid by cheque.
12
Faulty goods amounting RM200 were returned to Zurina
Enterprise.
18
Paid Zurina Enterprise RM7,000 by cheque and received discount
RM100 in full settlement.
20
Sold goods to Ah Meng Constructions for RM7,000 on credit.
22
Ah Meng returned damaged goods of RM500.
24
The business paid utilities bills amounting RM500 by cheque.
26
The owner took cash RM500 for personal purpose.
Required:
a. ldentify the effects (increase or decrease) for each of the
transactions given above.
b. Show the accounts to be debited and credited for all of the
transactions shown above.
C. ldentify the appropriate book of prime entry to record the
transactions dated 6 May 2014 to 18 May 2014 only.

Question 3
Segar Farm Enterprise is a business supplying frozen meat to
supermarkets. Given below are the business transactions of Segar
Farm Enterprise for the month of January 2014
Acc 114/ SJ

1.

Saleha brought in RM100, 000 cash and deposited the money

into the business bank account
Purchased goods from Freshmeat Trading worth RM5,000 on

2.
credit
3.
Purchased furniture worth RM2,500 on credit from Antiq Furniture
Berhad
4.
Sold goods to Mek Zah RM3,000 on credit
5.
Issued cheque to Freshmeat Trading RM3,000
6.
Mek Zah returned defective goods amounting to RM500 due to
wrong specification
7.
Received cheque RM2,000 for the goods sold
8.
Mek Zah paid the amount owed by cheque
9.
Cash sales RM5,000
Required:
a. ldentify the effects (increase or decrease) for each of the
transactions given above.
b. Show the accounts to be debited and credited for all of the
transactions shown above.
c. Identify the type of book of prime entry for each of the above
transactions.

Question 4
The following are the business transactions related to KORI Enterprise
1

Business transactions
Bought goods RM30,200 on credit from XYZ

Book of Prime entry

Acc 114/ SJ

2
3
4
5
6
7
8
9
10

Trading
Paid rental expenses amounted to RM2,500
by cheque
A customer returned damaged goods
previously sold on credit amounted to
RM5,340
Bought a delivery van on credit from Ah
Seng Motor at the cost of RM75,000
Sold goods on credit to EQ Trading for
RM25,100
Returned damaged goods previously
purchased on credit to its supplier, XYZ
Trading, amounted to RM2,300
Sold goods by cash for RM25,100
Purchased office furniture worth RM6,000 on
credit from Alan
Received RM100 from Ali by cash
Transferred RM10,000 from bank to petty
cash

Required:
Indicate the relevant books of prime entry for each of the transactions
above.

Acc 114/ SJ