Question

Question 3 What will be the double entry for below-mentioned transactions? Complete the table. Transaction Accounts...

Question 3 What will be the double entry for below-mentioned transactions? Complete the table.

Transaction

Accounts to be debited

Accounts to be credited

example

Bought a van with cheque.

Van

Bank

Purchase furniture with cash.

2.

Sold goods to Maniam Trading on credit.

3.

Made cash sates.

4.

Owner brought in additional capital in the form of a motor vehicle.

5.

Made credit purchases from Zarina

Enterprises.

6.

Paid cash for petrol that is used in delivery van.

7.

Received a cheque from Maniam Trading for the amount due.

8.

Paid wages to office assistants with cash.

9.

Received cheque for commission.

10.

Owner withdrew goods for personal use.


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