i. Goods sold on credit should be debited to ________ (a) Purchase A/c  (b) Customer A/c  (c) Sales A/c  (d) Cash A/c

Select the most appropriate alternative from the alternatives given below and rewrite the statement:

i. Goods sold on credit should be debited to ________

(a) Purchase A/c 

(b) Customer A/c 

(c) Sales A/c 

(d) Cash A/c

ii. Wages paid for installation of Machinery should be debited to ________ 

(a) Wages A/c 

(b) Machinery A/c 

(c) Cash A/c 

(d) Installation A/c

iii. The commission paid to the agent should be debited to ___________ 

(a) Drawing A/c 

(b) Cash A/c 

(c) Commission A/c 

(d) Agent A/c

iv. Loan taken from Dena Bank should be credited to _______ 

(a) Capital A/c 

(b) Dena Bank A/c 

(c) Cash A/c 

(d) Dena Bank Loan A/c

v. Purchase of animals for cash should be debited to ________ 

(a) Livestock A/c 

(b) Goods A/c 

(c) Cash A/c 

(d) Bank A/c