Question: Question 1 [9 marks] State the accounts to be opened based on the following business activities: Account to be Account to be debited credited a)

 Question 1 [9 marks] State the accounts to be opened based

Question 1 [9 marks] State the accounts to be opened based on the following business activities: Account to be Account to be debited credited a) Started business by depositing cash into bank account and brought in used van for business use. b) Make payment by cheque for office cleaning service. c) Bought new computer by cheque. d) Withdrew cash from business bank account for business use. e Paid office rent by online banking. f) Withdraw goods and cash for personal use. g) Sold goods on credit. h) Received cheque from debtors

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!