Action Accounting
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Patricia Green's Organic Fruit and Vegetable Stall
Double Entry: Transaction 4 / of 8
Scene 14
/ of 60
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A farmers market back home operates every Saturday and Sunday. I booked a stall for the next weekend and paid the rent for it by cheque for €150.
Transaction: October 2nd, paid rent of €150 by cheque.
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
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That's correct.
The bank account and the rent account are the two accounts involved in the transaction.
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The bank account and the rent account are the two accounts involved in the transaction.
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