For each of the following, state in which day book the transaction would be recorded. (a) Owners

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For each of the following, state in which day book the transaction would be recorded.

(a) Owner’s car brought into business for business use.

(b) Van bought by garage on credit for business use.

(c) Sale of goods on credit previously purchased for cash.

(d) Stock for resale sent back to creditor due to its unsuitability.

(e) Office furniture bought for purpose of resale.

(f ) Cheque sent to supplier for purchase of fixed asset on credit.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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