Project Account

GENERAL JOURNAL

DATE ACCOUNT DEBIT CREDIT

1 VAN ( ASSETS ) 30,000 46,000

BANK 16,000

CAPITAL ( EQUITY )

( BROUGHT VAN AND CASH INTO
BUSINESS AS CAPITAL

20 VAN – VECHILES 12,000
ACCOUNT PAYABLE – UMW MOTOR
12,000

27 DRAWING 1,000
INVENTORY / PURCHASE
1,000

DATE PARTICULAR CASH BOOK DISCOUNT

4 PURCHASED FOLIO
17 PAYABLE
21 EXPENSES UTILITY
23 PAYABLE HAMID
25 SALES

FIRST BOOK EN

SALES JOURNAL

DATE ACCOUNT FOLIO AMOUNT ( RM ) AMOUNT ( RM )

5 GALANG 10,000

14 BABA SDN BHD 1,500

( - ) DICSOUNT -150 1,350
10%

ACCOUNT CT 11,350
RECEIVABLE

PURCHASE JOURNAL

DATE ACCOUNT FOLIO AMOUNT ( RM ) AMOUNT ( RM )

2 SUARA 5,200
ENTERPRISE

3 HAMID 7,500
ENTERPRISE
-375
( - ) DISCOUNT 1,800 7,125

5% -54 1,746
14,071
10 ENTERPRISE

( - ) DISCOUNT

3%

ACCOUNT DT

PAYABLE

CASH BANK

800
9,000
2,000
7,925
2,000

ST BOOK ENTRY

SPECIAL JOURNAL

SALES RETURN JOURNAL

DATE ACCOUNT FOLIO AMOUNT ( RM ) AMOUNT ( RM )

12 GALANG 1,000

ACCOUNT SALES DT 1,000
RETURNED

PURCHASE RETURN JOURNAL

DATE ACCOUNT FOLIO AMOUNT ( RM ) AMOUNT ( RM )

8 HAMID 800

ACCOUNT CT 800
PURCHASE
RETURN