1 The owner starts the business with £10,000 in cash on 1 August 20X8.
2 A van is bought for £4...
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Mathematics, 23.05.2020 14:58 vant
1 The owner starts the business with £10,000 in cash on 1 August 20X8.
2 A van is bought for £4,500 cash on 2 August 20X8.
3 Fixtures (e. g. shelves) are bought on credit from Shop Fitters for £1,250 on 3 August 20X8.
4 Paid the amount owing to Shop Fitters in cash on 17 August 20X8.
for the above transactions please identify the two accounts affected by each transaction and the effect in each account
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