Action Accounting
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Patricia Green's Organic Fruit and Vegetable Stall
Double Entry: Transaction 2 / of 8
Scene 6
/ of 60
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I decided to find something to use as a stall so I bought a suitable table for €200 from a local DIY store and paid with a business cheque on October 2.
Transaction: October 2nd, furniture purchased for €200, paying by cheque, on October 2.
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 furniture account are the two accounts involved in the transaction.
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The bank account and the furniture account are the two accounts involved in the transaction.
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