DATE

(MARCH)
1

TRANSACTION

EFFECT

DOUBLE ENTRY

Started business with cash

RM150,000 and RM50,000 in
the bank

Increase Asset
Increase Asset
Increase Capital

DR Cash RM150,000
DR Bank RM50,000
CR Capital RM200,000

Purchase goods from Steve

Trading Cost RM300 by cash

Increase Expenses
Decrease Asset

DR Purchase RM300
CR Cash RM300

Bought goods worth RM4,000

on credit Doreen Enterprise

Increase Liability
Incease Expenses

DR Purchase RM4,000
CR Doreen Enterprise
RM4,000

Sold good to Fima RM500 on

credit

Increase Asset
Increase Revenue

DR Fima RM500
CR Sales RM500

Cash sales RM200

Increase Revenue
Increase Asset

DR Cash RM100
CR Sales RM100

Bought goods from Mirza

Enterprise on credit amounting
RM1,200

Increase Expenses
Increase Liability

DR Purchase RM1,200
CR Mirza Enterprise
RM1,200

Business bought good worth

RM300 by cheque from
andeline

Increase Expenses
Decrease Asset

DR Purchase RM300
CR Bank RM300

Return good bought on credit

worth RM1,000 to Mirza
Enterprise

Decrease Expenses
Decrease Liabilities

DR Mirza Enterprise
RM1,000
CR Return Outward
RM1,000

The owner bought good worth

RM600 by from Lihan Trading
by cash

Increase Expenses
Decrease Asset

DR Purchase RM600
CR Cash RM600

10

Discount received worth

RM50 paid by cash to Doreen
Enterprise

Increase Revenue
Decrease Liabilities

DR Doreen Enterprise
RM50
CR Discount Received
RM50

11

Paid the utility bill RM120 by

Increase Expenses

DR utility bill RM120

cash

Decrease Asset

CR Cash RM120

12

Sold of goods to Debby

Enterprise worth RM2,700 on
credit

Increase Asset
Increase Revenue

DR Debby Enterprise
RM2,700
CR Sales RM2,700

13

Fima return goods worth

RM60

Decrease Asset
Decrease Revenue

DR Return inward RM60

CR Fima RM60

14

Purchased on oven which a

cost RM2,500 from Douglas
Trading on credit

Increase Asset
Increase Liabilty

DR oven RM2,500
CR Douglas Trading
RM2,500

15

Cash of sales is RM700

Increase Revenue
Increase Asset

DR Cash RM700
CR Sales RM700

16

Return damaged good worth

RM250 to Andeline

Decrease Liability
Decrease Expenses

DR Andeline RM250
CR Return Outward
RM250

17

Debby Enterprise Returned of

goods worth RM1,500

Decrease Revenue
Decrease Asset

DR Return inward
CR Debby Enterprise

18

Purchase a secondhand
delivery van cost RM800 on
cash from king Trading

Increase Asset
Decrease Asset

DR Delivery Van RM800

CR Cash RM800

19

Paid salary RM100 by cheque

20

Sold of goods to Henry

Enterprise RM2,000 on credit

Increase Expenses
Decrease Asset
Increase Revenue
Increase Asset

DR Salary RM100
CR Bank RM100
DR Henry Enterprise
RM2,000
CR Sales RM2,000

21

Nana ordered creative cake for

a birthday party paid by cash
cost RM600

Increase Revenue
Increase Asset

DR Cash RM600
CR Sales RM600

22

Henry Enterprise returned

goods worth RM700

Decrease Revenue
Decrease Asset

DR Return inward
RM700
CR Henry Enterprise

RM700
23

Received commissions amount

to RM4,000 by cheque

Increase Revenue
Increase Asset

DR Bank RM4,000
CR Commissions
received RM4,000

24

Paid RM300 by cheque for

monthly rental

Increase Expenses
Decrease Asset

DR Rental RM300
CR Bank RM300

25

Rent received worth RM200

by cash

Increase Revenue
Increase Asset

DR Cash RM200
CR Rent Received
RM200

26

Withdraw cash RM100 to buy

gifts for mothers and Fathers

Decrease Asset
Increase Drwaing

DR Drawing RM100
CR Cash RM100

27

Owner withdrew goods

RM200

Decrease Equity
Decrease Expenses

DR Drawing RM200
CR Purchase RM200

28

Owner bought goods from

House Bakery by cash
amounting RM2,000

Increase Expenses
Decrease Asset

DR Purchases RM2,000
CR Cash RM2,000