To which class of account would you post each of following amounts received? (a) Receipt from sale
Question:
To which class of account would you post each of following amounts received?
(a) Receipt from sale of goods
(b) Receipt of capital from the owner of the business
(c) Recovery of part of a loan given to a salesman
(d) Receipt of dividend from shares held in a company
(e) Recovery from an employee of cost of a private call
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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