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QUESTION 2 Identify the debit and credit account for each transaction below. Mr Dean started business with $ 3 0 0 0 0 in cash.
QUESTION
Identify the debit and credit account for each transaction below.
Mr Dean started business with $ in cash.
Bought goods on credit from B San $
Sold goods on credit to D Dan $
Sold gods for cash $
D Dan returned us goods $
Goods returned to B San $
Paid office employees' salaries by cheque $
Dean put a further $ into business bank account as additional capital.
Paid cheque $ to B San in full settlement of his account.
Dean withdrew from business bank account $ for personal use.
tableTransactionAccount to be Debited,Account to beCes
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