Look at the following typical business transactions and work out which accounts are involved in each transaction.
Question:
Look at the following typical business transactions and work out which accounts are involved in each transaction.
Complete the blank spaces by inserting the name of the account to be debited and the name of the account to be credited for each transaction:
(a) Bought goods, paying by cheque immediately
(b) Sold goods and received cash
(c) Bought some office furniture, paying in cash
(d) Sold goods on credit to G Clarke
(e) Bought goods, paying in cash
(f) A customer, H Gibson paid the firm by cheque
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: