Complete the following table showing which items are to be credited and which are to be debited.
- Goods bought, cash being paid immediately.
- Goods sold on credit to Jamie.
- Goods bought on credit from Hanle.
- Goods were returned to Hanle.
- Jamie returned goods to us.
- Old machinery sold for cash.
- Motor van bought on credit from King Spring.
- Paid creditor, Hanle by cheque.
- Paid telephone bill by cash.
- Bought office equipment on credit from IKEA Sdn Bhd.
(20 marks, 2011 Q3)
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