Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

The transactions below occurred. 1. owner’s taking of inventory for personal use 2. acquisition of new shop fixtures on credit 3. the writing off of an irrecoverable debt Which of these transactions would be entered in the general journal?

  • A1, 2 and 3
  • B1 and 2 only
  • C1 only
  • D2 and 3 only

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