For each of the following transactions complete the blank spaces by inserting the name of the account
Question:
For each of the following transactions complete the blank spaces by inserting the name of the account to be debited and the name of the account to be credited:
(a) Goods are returned to R Bright Debit_Account Credit
(b) Paid rates by cheque Debit_Account Credit
(c) Sold goods on credit to KWilliams Debit_Account Credit
(d) Proprietor took goods for personal use Debit_Account Credit
(e) Goods are returned to the firm by K Williams Debit_Account Credit
(f) Received a refund of rates in cash Debit_Account Credit Now use your ledger to work through the following Assignments:
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