Accounts Chapter 5 Flashcards by Abigail Swanepoel | Brainscape

Q

Name the debits and credits of:

Goods bought on credit

A

Cr Creditors Control

Dr Trading Stock

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Q

Name the debits and credits of:

Paid an expense on credit

A

Cr Creditors Control

Dr The expense

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Q

Name the debits and credits of:

Settled our account

A

Cr Bank

Dr Creditors Control

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Q

Name the debits and credits of:

We returned goods bought on credit

A

Cr Trading Stock

Dr Creditors Control

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Q

Name the debits and credits of:

We were given a discount on the settlement of our account

A

Cr Discount received

Dr Creditors Control

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