For the following transactions state which accounts should be debited, and which should be credited. (a) Private

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For the following transactions state which accounts should be debited, and which should be

credited.

(a) Private car to be used in future within business.

(b) Wages paid by cash.

(d) Rental income received by cheque.

(e) Goods returned by J Spillane, a customer.

(f ) R Hinds lends the business £400 cash.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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Question Posted: Mar 08, 2024 07:01 AM

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For the following transactions state which accounts should be debited, and which should be credited. (a) Private

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