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

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

credited.

(a) Rent paid by cheque.

(b) Goods for resale purchased for cash from S Barnes.

(c) Goods sold on credit to A Stacey.

(d) Commission received paid into the business bank account.

(e) Owner takes a computer used by the business to use as her own personal computer.

(f ) Cash held in till paid into bank.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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