Action Accounting
Home
Scenario List
About
Contact
Disclaimer
Twilight Travel
Double Entry: Transaction 3 / of 6
Scene 10
/ of 48
Introduction
»
Double Entry
»
On 27th January Smart Adverts Ltd agreed to co-ordinate an advertising campaign on behalf of Twilight Travel. The price agreed was €17,500 with credit terms of one month.
Jan 27: Advertising €17,500 arranged with Smart Adverts Ltd on credit.
Tick which two ledger accounts should be used.
Advertising Account
Bank Account
Capital Account
Commission Receivable Account
Creditor - Pro Printing Ltd Account
Creditor - Smart Adverts Ltd Account
Electricity Account
Fixed Assets Account
Printing & Brouchers Account
Purchases Account
Stationery Account
Wages Account
close
Yes, the advertising account and the creditors account for Smart Adverts Ltd should be updated
close
Are you sure? Try again.
close
Are you sure? Has money exchanged hands yet? What expense has been generated?
check answer »
« back to previous step