Complete the columns to show the effects of the following transactions:

(a) We pay a creditor £340 in cash.

(b) Bought PC £430 paying by cheque.

(c) Bought goods on credit £1,300.

(d) The proprietor introduces another £1,500 cash into the business.

(e) J Walker lends the business £200 in cash.

(f) A debtor pays us £318 by cheque.
(g) We return goods costing £147 to a supplier whose bill we had not paid.
(h) Bought additional shop fittings paying £1,900 by cheque.

Transcribed Image Text:

Effect upon Assets Liabilities | Capital |