Action Accounting
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Patricia Green's Organic Fruit and Vegetable Stall
Double Entry: Transaction 8 / of 8
Scene 31
/ of 60
Introduction
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Double Entry
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Balancing Accounts
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Trial Balance
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Income Statement
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Balance Sheet
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Completed Financial Statements
October 7th: Sales takings of €480 are lodged in the bank.
Which account should be debited?
Bank Account
Sales Account
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That's correct.
Bank is an asset. Increases in assets are entered on the debit side.
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Bank is an asset. Increases in assets are entered on the debit side.
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