Action Accounting
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Twilight Travel
Double Entry: Transaction 5 / of 6
Scene 18
/ of 48
Introduction
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Double Entry
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On January 29th Twilight Travel received the Summer Holiday Season colour brouchers from Pro Printing Ltd. The total amount agreed was €26,900 and 30 days credit was granted.
Jan 29: Printing of brouchers arranged on credit €26,900.
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
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Yes, the expense account and the appropriate creditors account should be updated.
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Are you sure? What expense has occured and has any money been exchanged yet?
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