Action Accounting
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Patricia Green's Organic Fruit and Vegetable Stall
Double Entry: Transaction 2 / of 8
Scene 7
/ of 60
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Income Statement
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Completed Financial Statements
Transaction: October 2nd, furniture purchased for €200, paying by cheque, on October 2.
Which account should be debited?
Bank Account
Furniture Account
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That's correct. Furniture is an asset. Increases in assets are entered on the debit side.
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Are you sure? Try again.
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Furniture is an asset. Increases in assets are entered on the debit side.
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