State the accounts to be debited and credited for each of the following separate transactions: (a) Purchased

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State the accounts to be debited and credited for each of the following separate transactions:

(a) Purchased equipment by cheque £600.

(b) Sold motor vehicle by cheque £300.

(c) Purchased stock by cash £150.

(d) Paid £400 cash into bank.

(e) Withdrew £300 from the bank for use as cash.

(f) Paid trade creditors £50 cash.

(g) Paid trade creditors £450 by cheque.

(h) Paid £250 cash into the bank.

(i) Received £250 from debtors in cash.

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Mastering Accounting

ISBN: 9780333511978

1st Edition

Authors: George Bright, Michael Herbert

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