The document discusses various books of original entry used in accounting, including journals, cash book, petty cash book, and their purposes. It explains how transactions are recorded in these books, such as recording sales, purchases, payments and receipts in the general journal and cash book. It also discusses accounting for cash discounts, bank transactions like overdraft, and loans.
14. Record the following transactions into the general journal and post them to the ledger. Cash sales RM7,500. 27 Paid Enza Trading RM1,500 by cheque. 26 Paid electricity in cash RM250. 20 Paid wages in cash RM800. 12 Paid rental of office space by cheque RM500. 8 Cash sales generated amounting to RM1,500. 6 Bought goods from Enza Trading on credit RM4,700. 4 Bought equipment for RM8,200 cash. 3 Owner began operation with RM20,000 cash as capital. 1 June
24. Cash and Bank Accounts Payments with office cash Receipts of cash kept in the office Dr Cash Account Cr Payments with cheques from the current account at the bank Receipts of cash and cheques banked into the current account at the bank Dr Bank Account Cr
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29. Discount Allowed (Example) Dr Kay Cr Amt Particulars Date Amt Particulars Date 360 40 Bank Discount allowed Jun 20 400 Sales Jun 10 360 Kay Jun 20 Amt Particulrs Date Amt Particulars Date Dr Bank Account Cr Dr Discount Allowed Account Cr Amt Particulars Date Amt Particulars Date 40 Kay Jun 10
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32. Discount Received (Example) 855 Major Jun 9 Amt. Particulars Date Amt. Particular Date Dr Bank Account Cr Dr Discount Received Account Cr Amt Particulars Date Amt Particulars Date 45 Major Jun 9
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36. Dishonoured Cheques (Example) Dr Joe Cr Amt Folio Particulars Date Amt Folio Particulars Date RM 135 15 Bank Discount allowed Apr 3 RM 150 135 15 Balance b/d Bank (cheque dishonoured) Discount allowed (withdrawn) 2005 Apr 1 9 Dr Discount Allowed Account Cr Amt Folio Particulars Date Amt Folio Particulars Date RM 15 Joe (cheque dishonoured) 2005 Apr 9 RM … Sundries 2005 Apr 30