Action Accounting
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Murphy Haulage
Double Entry: Transaction 5 / of 5
Scene 19
/ of 52
Introduction
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May 31: Insurance premium of €1850 is paid by cheque.
Which account should be debited?
Bank Account
Vehicle running costs Account
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Well done the Vehicle Running Cost Account should be debited
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Is the bank account receiving in the money or paying out the money?
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