Finance Debits and Credits

We pay wages of $500 to employees, which ledger account increases?

The business owner withdraws $100 from the business, which ledger account is debited?

The owner of a business adds $5000 as equity. In which account does the credit entry go to?

A fixed asset like a coffee machine increases or debits which account in the balance sheet?

A business pays a supplier $100 in cash, which account does it credit?

A customer pays $500 in cash for goods what entry is made to revenue?

Wages effects 2 of the following accounts on the balance sheet. Select at least one!

The Accounts Receivable account is payments due to our business. Who makes these payments?

The business owner withdraws $100 from the business, which ledger account is credited?

What option below would NOT be considered a Cash Sale?

When we sell goods on credit terms to a customer which Account and Journal is effected?

What is the best description for fixtures and fittings?

When we sell goods and receive CASH, which Journal is effected?