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The financial records of Mr. Tan as at 31 October 2020 is as follows: Creditors/ Payables $3,000 Office fittings $6,000 Operating expenses $7,000 Inventory-closing $6,000
The financial records of Mr. Tan as at 31 October 2020 is as follows: Creditors/ Payables $3,000 Office fittings $6,000 Operating expenses $7,000 Inventory-closing $6,000 Debtors/Receivables $4,050 Bank overdraft $9,100 Sales $50,000 Purchases $20,000 Based on the above scenario in this section, classify the accounts below as debit or credit * Debit Credit Creditors/Payables-$3,000 Office-$6,000 Operating expenses-$7,000 Inventory-closing-$6,000 Debtors/Receivables-$4,050 Bank overdraft-$9,100 Sales-$50,000 O Purchases-$20,000
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