Rachel is as trader Her cash book for March 203 is shown below Explain each entry in the cash book State where the double entry for each transaction would be made Rachel Cash book 20 3 Cash Bank 20 3 Cash Bank $ $ $ Mar 1 Capital 200 49800 Mar 4 Rent 300 6 Office furniture 10 Purchases 21 Loan 1000...

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Cambridge IGCSE And O Level Accounting Coursebook
Rachel is as trader. Her cash book for March 203

Rachel is as trader. Her cash book for March 203 is shown below. Explain each entry in

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Rachel is as trader. Her cash book for March 20–3 is shown below.

Explain each entry in the cash book. State where the double entry for each transaction would be made.

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Rachel Cash book 20-3 Cash Bank 20-3 Cash Bank $ $ $ Mar 1 Capital 200 49800 Mar 4 Rent 300 6 Office furniture 10 Purchases 21 Loan 10000 4 100 30 Sales 17500 15250 31 Cash 15500 19 Office expenses 414 31 Wages 950 Bank 15500 Balances 1250 55236 17700 75300 17700 75300

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ANSWER Entry 1 Mar 1 Rachel invested capital and obtained a loan of 21 Double entry Debit Capital ac...View the full answer

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Cambridge IGCSE And O Level Accounting Coursebook

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Question Posted: Sep 14, 2021 12:53 AM

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