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QUESTION 1 State the double entry for each of the following transactions: a ) The owner brought in cash and motor vehicles into the business.

QUESTION 1
State the double entry for each of the following transactions:
a) The owner brought in cash and motor vehicles into the business.
Example Answer:
Dr Cash a/c
Dr Motor Vehicle a/c
Cr Capital a/c
b) Paid cash for purchase of office equipment
c) Deposit cash into bank account
d) Purchase goods on credit from Jimat Trading
e) Cash sales
f) Sold goods on credit to Nasir
g) Paid motor expenses by cash
h) Nasir returned defective goods to the business
i) Nasir settled his account by cheque
j) Paid shop assistant's salary by cheque
k) The owner withdrew cash for his personal use
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