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Balance Sheet and the effects

Capital = Assets - Liabilty

1 2 3 4 5 6 7
Assets
Shop 32,000 32,000 32,000 32,000 32,000 32,000
Stock 7,000 6,400 6,000 6,000 6,000
Debtor 600 600 600 400
Cash at bank 60000 28,000 28,000 28,000 28,400 25,400 25,600
60,000 60,000 67,000 67,000 67,000 64,000 64,000
Less:
Liabilty
Creditor (7,000) (7,000) (7,000) (4,000) (4,000)
60,000 60,000 60,000 60,000 60,000 60,000 60,000

Capital 60,000 60,000 60,000 60,000 60,000 60,000 60,000

1) On 1 May 2006, Munir started his business and deposited RM 60,000 in to a bank
account opened specially for the business.
2) On 3 May 2006, Munir buy a small shop for RM 32,000, paying by cheque.
3) On 6 May 2006, Munir buys some stock for RM 7,000 from Samad (creditor) on credit.
4) On 10 May 2006, Stock which cost RM 600 were sold to Aminah (debtor) by credit
5) Sales of stock on 13 May 2006 and immediately receive cheque.
6) Munir pay his debt to Samad RM 3,000 by cheque.
7) Aminah pay her debt to Munir RM 200 by cheque

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