Action Accounting
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Patricia Green's Organic Fruit and Vegetable Stall
Double Entry: Transaction 3 / of 8
Scene 11
/ of 60
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Transaction: October 2nd, equipment purchased on credit for €300 from Retail Displays Limited.
Which account should be debited?
Creditor - Retail Displays Account
Equipment Account
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That's correct. Equipment is an asset. Increases in assets are entered on the debit side.
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Are you sure? Try again.
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Equipment is an asset. Increases in assets are entered on the debit side.
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