Action Accounting
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Patricia Green's Organic Fruit and Vegetable Stall
Double Entry: Transaction 1 / of 8
Scene 3
/ of 60
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Transaction: October 1st, the owner invests €2,000 to start the business opening a bank account.
Which account should be debited?
Bank Account
Capital Account
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That's correct. The bank account is an asset account. Increases in assets are entered on the debit side.
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The bank account is an asset account. Increases in assets are entered on the debit side.
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