Action Accounting
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Patricia Green's Organic Fruit and Vegetable Stall
Double Entry: Transaction 6 / of 8
Scene 22
/ of 60
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Income Statement
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I sourced good quality organic fruit and vegetables from a local farmer and paid him €600 by cheque on the 5th of October.
Transaction: October 5th, stock purchased, paying €600 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 purchases account are the two accounts involved in the transaction.
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The bank account and the purchases account are the two accounts involved in the transaction.
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