Complete the columns to show the effects of the following transactions: (a) We pay a creditor 70
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Complete the columns to show the effects of the following transactions:
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(a) We pay a creditor £70 in cash. (b) Bought fixtures £200 paying by cheque. (c) Bought goods on credit £275. (d) The proprietor introduces another £500 cash into the firm. (e) J Walker lends the firm £200 in cash. (f) A debtor pays us £50 by cheque. (g) We return goods costing £60 to a supplier whose bill we had not paid. (h) Bought additional shop premises paying £5,000 by cheque. Effect upon Assets Liabilities Capital
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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