Question 2
Show the effect upon assets, liabilities, capital, revenues and expenses for the following transactions.
Calculate the amount of each types of account at the end of the period, after all the transaction took
place.
a. Started business with cash RM10,000, and office equipment RM5,000.
b. Paid for stationery in cash RM150.
c. Make a loan of RM30,000 from AB Bank, and the money deposited into the bank account.
d. Sold of goods worth RM500 for cash.
e. Owner spent company's cash RM1,000 for personal purpose.
f. Owner brought in personal motor vehicles for office use, RM75,000.
g. Purchased of goods worth RM2,000 from XXX Shop.
Question ?