Complete the following table showing which accounts are to be debited and which to be credited: Account

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Complete the following table showing which accounts are to be debited and which to be credited:

Account to be debited Account to be credited

(a) Bought motor lorry for cash.

{b) Paid creditor, T Lake, by cheque.

(c) Repaid P Logan’s loan by cash.

{d) Sold motor lorry for cash.

(e) Bought office machinery on credit from Ultra Ltd.

(/) A debtor, A Hill, pays us by cash.

(g) A debtor, J Cross, pays us by cheque.

(h) Proprietor puts a further amount into the business by cheque.

(i) A loan of £200 in cash is received from L Lowe.

(/) Paid a creditor, D Lord, by cash. LOP8

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Business Accounting Volume 1

ISBN: 9780273039129

6th Edition

Authors: Frank Wood

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Question Posted: Sep 19, 2024 02:29 PM

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Complete the following table showing which accounts are to be debited and which to be credited: Account

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Business Accounting Volume 1

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