Indicate the accounts to be debited and credited in each of the following transactions. Montle Pty Ltd

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Indicate the accounts to be debited and credited in each of the following transactions. Montle Pty Ltd started business with P300,000 at the bank

a. Bought office furniture paying by cheque P30,000.

b. Obtained a bank loan from the bank for P120,000.

c. Purchased goods on credit from YM Ltd for P30,000

d. Sold goods on credit to AT ltd for P15,000

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Mar 11, 2023 01:51 AM

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Indicate the accounts to be debited and credited in each of the following transactions. Montle Pty Ltd

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a Bought office furniture paying by cheque P30000 Debit Office Furniture P30000 Cre... View the full answer

Microeconomics An Intuitive Approach with Calculus

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