Complete the following table to show the effect of each of the following transactions. The first one

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Complete the following table to show the effect of each of the following transactions.

The first one has been completed as an example.
a. Bought a motor vehicle and paid by cheque
b. Bought goods on credit from a credit supplier
c. Received a cheque from a credit customer
d. Sold goods on credit
e. Paid off a loan in cash

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Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

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Question Posted: Sep 14, 2021 12:38 AM

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Complete the following table to show the effect of each of the following transactions. The first one

Question:

Effect on assets Effect on liabilities a Motor vehicles Increase No effect Bank Decrease b d

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Solution Effect on Assets Amount Effect on Liabilities A...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

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