Action Accounting
Home
Scenario List
About
Contact
Disclaimer
Patricia Green's Organic Fruit and Vegetable Stall
Double Entry: Transaction 3 / of 8
Scene 10
/ of 60
Introduction
»
Double Entry
»
Balancing Accounts
»
Trial Balance
»
Income Statement
»
Balance Sheet
»
Completed Financial Statements
I decided to purchase a weighing scales and display equipment, which I managed to buy on credit for €300 from Retail Displays Limited on October 2.
Transaction: October 2nd, equipment purchased on credit for €300 from Retail Displays Limited.
Tick which two ledger accounts should be used.
Bank Account
Capital Account
Creditor - Retail Displays Account
Equipment Account
Furniture Account
Insurance Account
Purchases Account
Rent Account
Sales Account
close
That's correct. The equipment account and the creditor Retail Displays account are the two accounts involved in the transaction.
close
Are you sure? Try again.
close
The equipment account and the creditor Retail Displays account are the two accounts involved in the transaction.
check answer »
« back to previous step
