Read the following transactions and state the accounts to be debited or credited. (i) Started business with sh. 50,000 in cash. (ii) Sold goods worth sh....

Read the following transactions and state the accounts to be debited or credited.
(i) Started business with sh. 50,000 in cash.
(ii) Sold goods worth sh. 30,000 receiving a cheque.
(iii) A debtor, Onyango returned goods to the business worth sh. 5,000.
(iv) Withdrew sh. 20,000 from the bank for business use.

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sharon kalunda answered the question on September 2, 2019 at 13:46

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