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WorksheetsDouble Entry
Total questions: 10
Worksheet time: 5mins
Started a business with $25000 cash
Debit Cash /Credit Capital
Credit Capital/Debit Cash
Bought office furniture by cheque $1500
Credit Bank / Debit Office Furniture
Debit Office Furniture/Credit Bank
Bought machinery $7500 on credit for Planer Ltd.
Debit Planer Ltd./ Credit Machinery
Debit Machinery/ Credit Planer
Bought motor van paying by cheque $6000
Debit Motor Van/Credit Bank
Debit Bank/ Credit Motor Van
Paid the amount owing to Planers Ltd $7500 by cheque
Debit Bank/Credit Planers Ltd.
Debit Planers Ltd/ Credit Bank
Received $600 cash from J. Walker
Debit Cash / Credit J. Walker
Debit J. Walker/Credit Cash
Bought more machinery by cheque $2800
Debit Bank/Credit Machinery
Debit Machinery/Credit Bank
Took $500 out of the bank and put it into the cash till.
Debit Cash/Credit Bank
Debit Bank/Credit Cash
Sold office machinery for cash
Debit Cash/Credit Office Machinery
Debit Office Machinery/Credit Cash
Put 14000 cash into the bank.
Debit Cash/Credit Bank
Debit Bank/Credit Cash
