The double entry system of book-keeping：練習題

A business sells goods to a credit customer, H. Miller, for \( \$800 \). What is the double entry to record this transaction in the books of the business?

Which of the following describes the double entry for bank charges appearing on a bank statement?

An entry of \(\$400\) was made on the debit side of the Wages account. What does this entry represent?

In which ledger would the Depreciation of Equipment account be found?

Which transaction would involve a debit entry in the Purchases account and a credit entry in the account of a supplier?

A business purchases a new computer for office use on credit from a supplier, Tech Solutions. State the double entry required to record this transaction in the ledger.

A credit customer, M. Wang, returned goods to the business with a list price of \(\$200\). State the double entry required in the business's ledger to record this transaction.

Explain the double entry process for transferring the monthly total of the Purchases Returns Journal to the ledger accounts.

Explain the dual aspect concept in the double entry system of book-keeping and identify the three main sections into which a ledger is usually divided to facilitate the recording process.