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Required: a) Show the effects of the transactions to the assets, liabilities and equity of Perfect Printing Sdn. Bhd. by using the following accounting equation format for your answer: Assets = Liabilities + Equity (10) b) Prepare the journal entries to record all the above transactions. (20) c) Prepare the trial balance as at 31 May 2018. (10) [Total: 40 marks] Assignment 3: Accounting record keeping should be systematically organised. For the accounting record system, whether manually or computerised, the applicable procedure is basically is the same. Give your opinion on the advantages and disadvantages of manual and computerised accounting recording. (10) [Total: 10 marks]
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