Question

Analyse the following transaction, state the nature of accounts and state which account will be debited and which account credited. 1. Plant and machinery 2. Bank loan; 3. Sales; 4. Rent; 5. Accrued income; 6. Goodwill; 7. Outstanding expenses; 8. Advance income; 9. Capital; 10. Furniture; 11. Creditor; 12. Debtor; 13. Salary; 14. Mohan (proprietor); 15. Bank overdraft; 16. Stock.

Answer 1

Answer:

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Explanation:

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