Remember that every cash transaction is:

1. Recorded in the Cash Book, the receipts being entered on the debit side and the payments on the credit side;

2. Posted to a ledger account, ensuring that the second entry is on the side opposite the one in the Cash Book.

Required:

State the side (debit or credit) of the named ledger account in which the following transactions of a business will be posted:

Transcribed Image Text:

Transactions 1. Amount received from owner as capital 2. Amount paid to acquire a car for the business 3. Amount paid to purchase goods for sale 4. Amounts received from the sale of the goods 5. Amount paid to the landlord as rent 6. Amount paid to buy staff refreshments 7. Amount received as a loan from John Kitchener 8. Amount paid as staff salary 9. Amount paid to buy a Cash Book and a Ledger Account Capital Motor vehicle Purchases Sales Rent Staff welfare John's loan Salaries Stationery Side