In the below spaces, fill by stating whether each of the following transactions will increase, decrease or have no effect to the capital of the business
a)The business made profit
b)Bought stock of goods
c)Withdrawal of stock for own use.
d)Paid creditors by giving up an old machine


Answer:

a)The business made profit:
-Increase
b)Bought stock of goods
-Decrease
c)Withdrawal of stock for own use.
-No effect
d)Paid creditors by giving up an old machine
-No effect


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