1.12A Complete the columns to show the effects of the following transactions; (a) Bought a...

1.12A Complete the columns to show the effects of the following transactions;

(a) Bought a van on credit £8,700.

(b) Repaid by cash a loan owed to F Duff £10,000.

(c) Bought goods for £1,400 paying by cheque.

(d) The owner puts a further £4,000 cash into the business.

(e) A debtor returns to us £150 goods. We agree to make an allowance for them.

(Bought goods on credit £760.

(g) The owner takes out £200 cash for his personal use

(h) We pay a creditor £1,150 by cheque.

Effect upon

Assets

Liabilities

| Capital |?

In Kwara State University
3 Answers Available
Asked by Peterademola on 30th October, 2022