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Exercises Note: Questions with the letter X shown after the question number do not have answers shown at the back of the book. Answers to
Exercises Note: Questions with the letter X shown after the question number do not have answers shown at the back of the book. Answers to the others questions are shown on p. 434 onwards. 4.1 Complete the following table showing which accounts are to be credited and which are to be debited. Account to Account to be debited be credited (a) Goods bought, cash being paid immediately. (b) Goods bought on credit from E. Flynn. (c) Goods sold on credit to C. Grant. (d) A motor van sold for cash. (e) Goods sold for cash. 4.2 Similarly, complete this next table. (a) Goods returned to H. Fong. (b) Goods bought on credit from P. Franklin. (c) Goods sold on credit to S. Mullings. (d) M. Patterson returns goods to us. (e) Goods bought being paid for by cheque immediately. Account to Account to be debited be credited
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