Using the account names listed and format provided for this question in the Workbook, allocate the accounts
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Using the account names listed and format provided for this question in the Workbook, allocate the accounts into their account group. Identify whether the account is normally debit (dr) or credit (cr) and allocate an appropriate account number:
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Capital Accounts Receivable Commission Drawings Accounts Payable Advertising Loan (repay in 18 months) Gain on disposal of a non-current asset Sales Inventory Purchases Government Bonds Bank GST Payable Cartage Outwards Loss on disposal of a non-current asset GST Receivable Interest Received Commission Received Mortgage Machinery Stationery Cartage In Postage Wages Plant & Equipment Rent Received Land & Buildings Discount Allowed Interest Loan (repay in 6 months) Computer
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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