Question
Question 3 Indicate the accounts to be debited and credited in each of the following transactions. (10 marks) a. Montle (Pty) Ltd started business with
Question 3 Indicate the accounts to be debited and credited in each of the following transactions. (10 marks)
a. Montle (Pty) Ltd started business with P300,000 at the bank. b. Bought office furniture paying by cheque P30,000. c. Obtained a bank loan from the bank for P120,000. d. Purchased goods on credit from YM Ltd for P30,000. e. Sold goods on credit to AT ltd for P15,000.
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471072419, 978-0471072416
