Question
Please list the name of the accounts that should be debited and credited for each operations. If an operation is not accounting in nature, explain
Please list the name of the accounts that should be debited and credited for each operations. If an operation is not accounting in nature, explain why they shouldn't be recorded. Thank you!
1: Entity granted a long term loan to other entity
2: One of the shareholders withdrew a part of its contribution
3: A new shareholder paid his contribution to the bank account
4: Company issued and sold own bonds for cash
5: Management staff salaries were counted
6: An item of property, plant, and equipment was revalued.
7: Entity paid an employee a prepayment in cash
8: Company purchases shares of another company. Paid using bank money transfer
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