For the following transactions state which accounts should be debited, and which should be credited. (a) Insurance

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For the following transactions state which accounts should be debited, and which should be

credited.

(a) Insurance paid in cash.

(b) Goods previously purchased returned to J Nesbit.

(c) Cash banked.

(d) Purchases on credit from G Thompson.

(e) Marketing costs paid by cheque.

(f ) Car used in business sold for cash.

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Related Book For  book-img-for-question

Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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