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For the following transactions, state the accounts to be debited and credited. a) Firm buys inventory and pays immediately by cheque. b) Goods returned to
For the following transactions, state the accounts to be debited and credited.
a) Firm buys inventory and pays immediately by cheque.
b) Goods returned to the original supplier, A Rahman, due to them being faulty.
c) Garage purchases cars for resale on credit from Autocars Ltd.
d) Greengrocer purchases fruit for cash.
e) Garage sells a recovery vehicle that had been used within the business on credit to Rescuecars Ltd.
| Account to be debited | Account to be credited |
a |
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b |
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c |
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d |
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e |
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