Action Accounting
Home
Scenario List
About
Contact
Disclaimer
Patricia Green's Organic Fruit and Vegetable Stall
Double Entry: Transaction 6 / of 8
Scene 23
/ of 60
Introduction
»
Double Entry
»
Balancing Accounts
»
Trial Balance
»
Income Statement
»
Balance Sheet
»
Completed Financial Statements
Transaction: October 5th, stock purchased, paying €600 by cheque.
Which account should be debited?
Bank Account
Purchases Account
close
That's correct.
The purchases account is debited when stock is received.
close
Are you sure? Try again.
close
The purchases account is debited when stock is received.
check answer »
« back to previous step