You are required to complete the figure in the Workbook for this question. Allocate the accounts into
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You are required to complete the figure in the Workbook for this question. Allocate the accounts into their account group including their sub-classification where necessary. Identify whether the account is normally debit [dr] or credit [cr] and allocate an account number as appropriate.
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Accounts Payable Accounts Receivable Advertising Bad Debt Expense Bank Overdraft Capital Cartage Inwards Dividends Received Electricity Interest Interest Received Inventory Investment in Shares Long-term Loan Motor Vehicles Office Equipment Petty Cash Premises Rent Received Salaries Sales Stationery Telephone Vehicle Expense
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ANSWER Heres the allocation of accounts into their account groups with subclassification and indication of whether the account is normally a debit dr ...View the full answer
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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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