Action Accounting
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Patricia Green's Organic Fruit and Vegetable Stall
Double Entry: Transaction 6 / of 8
Scene 23
/ of 60
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Transaction: October 5th, stock purchased, paying €600 by cheque.
Which account should be debited?
Bank Account
Purchases Account
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That's correct.
The purchases account is debited when stock is received.
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The purchases account is debited when stock is received.
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