CONFIDENT JULY 2019 accounting the purchase of those goods which the business buys with the intention of selling is called. A Sales B Debtors c. Purchases Creditors When money is paid out through the bu money is paid out through the business bank account to pay the outstanding telephone bill, what are the accounts that should be reflected. A Debit Telephone account and Credit Bank account B. Debit Bank account and Credit Telephone account Debit Cash account and Credit Telephone account D. Debit Telephone account and Credit Cash account If goods are sold by cash to customer, the double entry transactions are A Debit Bank account and Credit Sales account B. Debit Bank account and Credit Purchases account C. Debit Bank account and Credit Capital account D. Debit Sales account and Credit Bank account 20. If goods sold to Serena Shoe Shop by Syarikat Skima are return, what are entries in Syarikat Skima's book, A Debit Return Inwards account and Credit Serena Shoe Shop account B. Debit Return Outwards account and Credit Serena Shoe Shop C. Debit Serena Shoe Shop account and Credit Return Inwards account D. Debit Serena Shoe Shop and Credit Return Outwards account 21. Rental paid should debit, A Commission account B. Rent receivable account Rent account D. Bank account C