CONFIDENT JULY 2019 In accounting the purchase of those goods which the business buys with the prime 17 intention of selling is called. Sales A Debtors C. Purchases Creditors D When money is paid out through the business bank account to pay the outstanding 18. telephone bill, what are the accounts that should be reflected Debit Telephone account and Credit Bank account Debit Bank account and Credit Telephone account Debit Cash account and Credit Telephone account Debit Telephone account and Credit Cash account A. B C. D. if goods are sold by cash to customer, the double entry transactions are Debit Bank account and Credit Sales account 19 A B Debit Bank account and Credit Purchases account C. Debit Bank account and Credit Capital account D. Debit Sales account and Credit Bank account If goods sold to Serena Shoe Shop by Syarikat Skima are return, what are entries in Syarikat Skima's book 20. Debit Return Inwards account and Credit Serena Shoe Shop account A. Debit Return Outwards account and Credit Serena Shoe Shop B. C. Debit Serena Shoe Shop account and Credit Return Inwards account Debit Serena Shoe Shop and Credit Return Outwards account D. Rental paid should debit, 21 A. Commission account Rent receivable account C. Rent account Bank account BCD