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Exercise:3 i. cash(Credit - Asset) ii. Bank overdraft (Debit - liability) iii. Outstanding salary paid (Debit - liability) iv. Outstanding Rent (Debit - liability) v.
Exercise:3 i. cash(Credit - Asset) ii. Bank overdraft (Debit - liability) iii. Outstanding salary paid (Debit - liability) iv. Outstanding Rent (Debit - liability) v. Prepaid insurance (Credit - Asset) vi. Proprietor of the business. (Debit - Capital) Exercise:3 i. cash(Credit - Asset) ii. Bank overdraft (Debit - liability) iii. Outstanding salary paid (Debit - liability) iv. Outstanding Rent (Debit - liability) v. Prepaid insurance (Credit - Asset) vi. Proprietor of the business. (Debit - Capital)
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
