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    mustard
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    This document outlines accounting transactions involving expenses, liabilities, assets, and sales using debits and credits. Various accounts like purchase of goods, accounts payable, expenses, assets, bank, and sales are adjusted through debits and credits on different dates as part of double-entry bookkeeping.

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    This document outlines accounting transactions involving expenses, liabilities, assets, and sales using debits and credits. Various accounts like purchase of goods, accounts payable, expenses, assets, bank, and sales are adjusted through debits and credits on different dates as part of double-entry bookkeeping.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3 views1 page

    Untitled 2

    Uploaded by

    mustard
    This document outlines accounting transactions involving expenses, liabilities, assets, and sales using debits and credits. Various accounts like purchase of goods, accounts payable, expenses, assets, bank, and sales are adjusted through debits and credits on different dates as part of double-entry bookkeeping.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Effect of Transactions and Double Entry

    2/8 ↑
    expenses
    R
    liability
    Dr purchase good
    or account payable mega plantation trading
    -

    510 expenses 4
    Assets t

    Dr expenses
    or Bank

    13/8 expenses t
    Assets bank ↓

    Dr utility
    or Bank

    18/8 assets d
    sales t

    Or return inward
    account farm
    or receivable supplier enterprise
    -

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