For the following transactions state which accounts should be debited, and which should be credited. (a) Rent
Question:
For the following transactions state which accounts should be debited, and which should be
credited.
(a) Rent paid by cheque.
(b) Goods for resale purchased for cash from S Barnes.
(c) Goods sold on credit to A Stacey.
(d) Commission received paid into the business bank account.
(e) Owner takes a computer used by the business to use as her own personal computer.
(f ) Cash held in till paid into bank.
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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