Action Accounting
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Twilight Travel
Double Entry: Transaction 6 / of 6
Scene 22
/ of 48
Introduction
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Double Entry
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On 31st January wages were paid by cheque the total amount being €6,350.
Jan 31: Paid €6,350 wages by cheque.
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 bank account and the wages account are the two correct accounts
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Are you sure? Try again.
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Are you sure? Think of this from the business perspective. A businesscheque has been written, taking money out of the business bank acount. What type of expense is being paid?
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