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Double Entry I

QuestionAnswer
Purchased Delivery Van on credit from Quinn Motors Ltd. €34,000 Debit Delivery Vans €34,000 Credit Quinn Motors Ltd. €34,000
Owner invested €100,000 into the business Debit Bank a/c €100,000 Credit Capital a/c €100,000
Sold goods on credit to Jones Ltd. €2,300 Jones Ltd. a/c €2,300 Sales a/c €2,300
Created by: pmac170
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