Question: QUESTION 2 In the table below, fill out the missing information by indicating the type of account affected, and whether the account increases or decreases

QUESTION 2 In the table below, fill out the missing information by indicating the type of account affected, and whether the account increases or decreases on the debit or credit side. (48 marks) Account type asset Debit + Credit + Account Ex: Goodwill Capital Rates Drawings Accounts payables Cash Bank Land & buildings Equipment Rent received Commission received Tax payable Depreciation Bad debts Vehicles Dividends payable Net profit General reserves Water & electricity Furnitures & fittings Accounts receivables Bank overdraft Salaries & wages Sales revenue purchases

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