Example The business buys £500 worth of stock using business cash.  
 
  Account Action Amount  
  Cash  
   
 
Q1) The business buys £1200 worth of stock on credit from Abe Books:
   
    Account Action Amount    
    Abe Books    
       
             
Q2) Cash sales worth £700:        
             
    Account Action Amount    
    Cash    
       
             
Q3) £1200 worth of stock sold on credit to A. Prost:    
             
    Account Action Amount    
    A. Prost    
       
             
Q4) A. Prost returns goods valued at £300:      
             
    Account Action Amount    
    A. Prost    
       
             
Q5) The business returns £200 worth of stock to Abe Books:  
             
    Account Action Amount    
    Abe Books    
       
             
Q6) The owner buys £700 stock for the business with his own money:
             
    Account Action Amount    
    Purchases    
       
             
Q7) Customer A. Prost gives the business a cheque for £500:  
             
    Account Action Amount    
    A. Prost    
       
             
Q8) The business pays its electricity bill; £450 by cheque:  
             
    Account Action Amount    
    Bank    
       
             
Q9) The business rents out the second floor of its building.  
  The tenant pays their rent to the business; £300 in cash.  
             
    Account Action Amount    
    Rent Received    
       
             
Q10) A customer asks our bookshop to repair a book.    
  The customer gives us £50 cheque for this work:    
             
    Account Action Amount    
    Commissions    
       
           
Q11) Bought £3,400 computers on credit from PC World:  
           
  Account Action Amount    
  PC World    
     
           
Q12) Returned £500 of unwanted computer equipment back to PC World:
           
  Account Action Amount    
  PC World