1) Bought Fixtures and Fittings paying by bank transfer, £2000 a) Debit b) Credit 2) Bought Delivery Van paying by bank card, £13,500 a) Debit b) Credit 3) Sold some Fixtures and Fittings and received Cash, £800 a) Debit b) Credit 4) Bought goods, £500 a) Debit b) Credit 5) Sold goods and received payment through bank for £100. a) Debit b) Credit 6) Owner put in £5000 equity which was banked. a) Debit b) Credit 7) Paid electricity by cheque, £45 a) Debit b) Credit 8) Paid wages by cheque, £2000 a) Debit b) Credit 9) Paid the telephone bill by bank card, £500 a) Debit b) Credit 10) Sold goods for £12,000 money transferred into bank account. a) Debit b) Credit 11) Bought goods valued at £8,900, paid by bank card. a) Debit b) Credit 12) Customer returned some of the goods bought on the 1 Jan – value £800. a) Debit b) Credit 13) Paid electricity bill - £560 by bank transfer a) Debit b) Credit 14) Paid gas bill - £1,200 by bank transfer a) Debit b) Credit 15) Paid for repairs to vehicle - £670 used a cheque a) Debit b) Credit 16) Paid staff wages - £3,000 by bank transfer a) Debit b) Credit 17) Sold goods for £2,560 received a cheque from the customer a) Debit b) Credit 18) Returned some of the goods bought by supplier on 3 January. Received £140 into bank account. a) Debit b) Credit 19) Bought goods valued at £4,500 paid by bank card a) Debit b) Credit 20) Returned goods to the supplier – value £240 and received payment by bank transfer a) Debit b) Credit 21) Paid insurance for new van - £876 by card a) Debit b) Credit 22) Paid for repair to roof and plastering to one of the rooms - £3,400 by bank transfer. a) Debit b) Credit 23) Paid buildings insurance - £1,500 by card a) Debit b) Credit 24) Paid staff wages - £2,100 by bank transfer a) Debit b) Credit 25) Paid garage for repair to van - £768 by card a) Debit b) Credit

Debit Vs Credit

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