For the following transactions state which accounts should be debited, and which should be credited. (a) Equipment

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For the following transactions state which accounts should be debited, and which should be

credited.

(a) Equipment bought on credit from M Sparks.

(b) Motor car bought and payment made by cheque.

(d) Fixtures sold on credit to J Harker.

(e) Cheque sent to A Johnson, a creditor.

(f ) Cash received from P Shortland, a debtor.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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Question Posted: Mar 08, 2024 07:02 AM

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For the following transactions state which accounts should be debited, and which should be credited. (a) Equipment

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a b C d f Account to be debite...View the full answer

Frank Woods Business Accounting Basics

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