Illustration 6 Name the account to be debited and credited in respect of the following transactions and give reasons: 1. Purchased furniture 2. Sold machinery 3. Bought in for capital 4. Purchased goods from Peter 5. Sold goods to Mark 6. Salary paid 7. Commission received 8. Paid to Peter 9. Received from Mark Solution No. Transaction Debit / Credit Reason

Illustration 6 Name the account to be debited and credited in respect of the following transactions and give reasons: 1. Purchased furniture 2. Sold machinery 3. Bought in for capital 4. Purchased goods from Peter 5. Sold goods to Mark 6. Salary paid 7. Commission received 8. Paid to Peter 9. Received from Mark Solution No Transaction Debit/Credit Reason