Accounting Process

Increase in ASSETS will be recorded on ____ side.

Increase in RETURN INWARDS will be recorded on ____ side.

Increase in DRAWINGS will be recorded on ____ side.

Increase in EQUITY will be recorded on ____ side.

Increase in REVENUES will be recorded on ____ side.

State the double entry for the following transaction:

Started the business with RM10,000 cash at bank.

• Dr Cash

  Cr Bank

• Dr Cash

  Cr Capital

• Dr Bank

  Cr Capital

• Dr Capital

  Cr Bank

State the double entry for the following transaction:

Owner took cash amounted RM3,000.

• Dr Bank

  Cr Capital

• Dr Drawings

  Cr Cash

• Dr Cash

  Cr Drawings

• Dr Bank

  Cr Drawings

State the double entry for the following transaction:

Owner took goods amounted RM1,000.

• Dr Bank

  Cr Purchases

• Dr Drawings

  Cr Purchases

• Dr Purchases

  Cr Drawings

• Dr Drawings

  Cr Inventories

State the double entry for the following transaction:

Made cash sale to Aina RM300.

• Dr Bank

  Cr Sales

• Dr Cash

  Cr Sales

• Dr Aina

  Cr Sales

• Dr Aina

  Cr Cash

State the double entry for the following transaction:

Made credit sales to Dalila RM1,500

• Dr Cash

  Cr Sales

• Dr Cash

  Cr Dalila

• Dr Dalila

  Cr Sales

• Dr Sales

  Cr Dalila