Action Accounting
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Patricia Green's Organic Fruit and Vegetable Stall
Double Entry: Transaction 8 / of 8
Scene 30
/ of 60
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Trial Balance
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Income Statement
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Completed Financial Statements
At the end of a quiet Sunday (7th October), I counted my takings and found that sales amounted to €480, which I lodged in the bank night safe on my way home.
October 7th: Sales takings of €480 are lodged in the bank.
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 sales account are the two accounts involved in the transaction.
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The bank account and the sales account are the two accounts involved in the transaction.
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