Listed below are the names of some ledger accounts. State whether you would expect to find a
Question:
Listed below are the names of some ledger accounts. State whether you would expect to find a debit balance or a credit balance in each.
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Name of ledger account Capital account Purchases account Stationery account Office equipment account Advertising account Sales account Rent account Side Name of ledger account Loan due to the business Loan owed to a Mr Rich account Staff welfare account Motor vehicle account Motor vehicle maintenance account Building upkeep account Staff salaries account Side
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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