Purchase of equipment by credit. Which account should you debit?

Owner invests private funds in the business' bank account. Which account should you debit?

Sale of equipment on credit. Which account should you credit?

Owner withdraws cash for private use from the bank account. Which account should I debit?

Owner withdraws cash for private use from the bank account. Which account should I credit?

Repaid money owed to a supplier using cash. Which account should I credit?

Took money from the bank to use in the shop. Which account should I debit?

Purchased furniture with cash. Which account should I debit?

Purchased furniture with cash. Which account should I credit?

Purchased equipment on credit. Which account should I credit?

Withdrew funds from the bank to purchase a delivery vehicle. Which account should I credit?

A customer purchased products on credit from the business. Which account should I credit?

A customer made a payment for the products they previously purchased on credit. Which account should I credit?

The business paid for the products they purchased on credit using cash. Which account should I credit?

The owner started the business by investing $20,000 in cash. Which account should she credit?

The business sold $40,000 in products and received a cheque. Which account should we credit?

The business sold $40,000 in products and received a cheque. Which account should we debit?

We paid the Electricity bill using a cheque. Which account should we debit?

We purchased goods for the business using a cheque. Which account should we debit?

We purchased goods for the business using a cheque. Which account should we credit?

We paid wages using a cheque. Which account should we credit?

We paid wages using a cheque. Which account should we debit?

We purchased goods to sell to customers but did not pay immediately. Which account should we debit?

We purchased goods to sell to customers but did not pay immediately. Which account should we credit?

Sold unwanted furniture and received cash. Which account should we debit?

Sold unwanted furniture and received cash. Which account should we credit?

The business paid the Digicel internet bill usine a cheque. Which account should we credit?

The business paid the Digicel internet bill usine a cheque. Which account should we debit?

The business paid the phone bill usine a money from the cashier's till. Which account should we debit?

Which transaction do I post first when closing out the accounts at the end of an accounting period?

Does this company have any liabilities? The assets are equal to the liabilities.

Which category does payables fall into? Assets, capital or liabilities?

Which category does an overdraft fall into? Assets, capital or liabilities?

Which category does equipment fall into? Assets, capital or liabilities?

Which category does a bank loan fall into? Assets, capital or liabilities?

Which category does a an owner's investment into a business fall into? Assets, capital or liabilities?

Which category does inventory held by a business fall into? Assets, capital or liabilities?