Complete the table showing which accounts are to be credited and which are to be debited. Consider all items below as STOCK. Account to Account to be debited be credited (i) Goods bought on credit from S Davis (ii) Goods returned to us by H Higgins (iii) Machinery returned to A Snooker Ltd (iv) Goods bought for cash (v) Motor van bought on credit from I Landle (vi) Goods returned by us to B Boro (vii) I Mckenroe paid up his account by cheque (viii) Goods bought by cheque (ix) We paid creditor, S Graf, by cheque (x) Goods sold on credit to J Muller

Complete the table showing which accounts are to be credited and which are to be debited. Consider all items below as STOCK. Account to Account to be debited be credited (i) Goods bought on credit from S Davis (ii) Goods returned to us by H Higgins (iii) Machinery returned to A Snooker Ltd (iv) Goods bought for cash (v) Motor van bought on credit from I Landle (vi) Goods returned by us to B Boro (vii) I Mckenroe paid up his account by cheque (viii) Goods bought by cheque (ix) We paid creditor, S Graf, by cheque (x) Goods sold on credit to J Muller

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 8EA: For the following accounts please indicate whether the normal balance is a debit or a credit. A....

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