Action Accounting
Home
Scenario List
About
Contact
Disclaimer
The Medic
Double Entry: Transaction 1 / of 8
Scene 2
/ of 64
Introduction
»
Double Entry
»
Debbie Reynolds opens a business bank account and provides start up capital of €200,000 to establish 'The Medic' on March 1st.
March 1: Owner lodges capital of €200,000 to the bank account.
Tick which two ledger accounts should be used.
Bank Account
Building Account
Capital Account
Drawings Account
Equipment Account
Furniture & fixtures Account
Loan Account
close
Yes, the bank account and the captial account should be updated.
close
Are you sure? Try again.
close
Remember the owner is providing personal money to start the business which she lodges to a business bank account.
check answer »
« back to previous step
