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Identify the accounts that will be debited and credited in the following transaction 1 WN- 4 Interest on loan paid by the issue of bank
Identify the accounts that will be debited and credited in the following transaction 1 WN- 4 Interest on loan paid by the issue of bank cheque OMR1,000 The owner withdrew OMR5,000 from the business for personal purposes Recognized consulting revenue OMR10,000 Transferred OMR1,000 from the business to the bank account Salary paid by issue of bank cheque OMR2,000 An inspection of supplies revealed that supplies worth OMR2,000 is used in the business Paid traveling expenses Depreciation charged on Plant and Machinery OMR2,000 Bought motor vehicle on account from Saud Bahwan OMR10,000 7 00 a 10
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