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Below are presented 4 accounting facts. You are asked to indicate which accounts are affected by them and how (debit/credit). 1. Purchase of goods worth
Below are presented 4 accounting facts. You are asked to indicate which accounts are affected by them and how (debit/credit). 1. Purchase of goods worth 50.000, 50% in cash and 50% by credit. 2. Sales of goods worth 100.000, 50% in cash and 50% by credit. 3. Payment of a loan installment of 10.000 to the bank from a current account. 4. Payment of supplier X 2.000 in cash
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