Action Accounting
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Murphy Haulage
Double Entry: Transaction 1 / of 5
Scene 2
/ of 52
Introduction
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Occasionally Murphy Haulage will rent out a truck in special circumstances to a freight company in a neighbouring county. On May 1 a cheque for €1,300 was received in to cover the temporary rental of a truck.
May 1: Received a cheque for €1300 for rental of a truck.
Tick which two ledger accounts should be used.
Bank Account
Capital Account
Cash Account
Rental Income Account
Vehicle repairs Account
Vehicle running costs Account
Vehicles Account
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Well done, the bank account and the rental income account need to be updated.
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Are you sure? Try again.
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Income has been received for the rent of a truck.
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