For each of the business transactions listed below, you are to enter in the Workbook:

a the account name, with debit account first b if the account entry is a debit or credit c the chart of account group name; that is CA, NCA, CL, NCL, OE, R, E d if the entry is an increase or decrease to the account balance.

The business transactions are:

– used bank cheque to purchase motor vehicle

– owner withdrew funds from the business for private use

– inventory sale on credit with perpetual inventory

– bill receivable accepted and then met at due date.