Action Accounting
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Murphy Haulage
Double Entry: Transaction 5 / of 5
Scene 20
/ of 52
Introduction
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May 31: Insurance premium of €1850 is paid by cheque.
Now record the tranaction in the Vehicle running costs Account.
DR
Vehicle running costs Account
CR
Date
Details
Amount
Date
Details
Amount
May 12
Bank Account
1750
May 14
Cash Account
125
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Bank Account
Capital Account
Cash Account
Rental Income Account
Vehicle repairs Account
Vehicle running costs Account
Vehicles Account
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Bank Account
Capital Account
Cash Account
Rental Income Account
Vehicle repairs Account
Vehicle running costs Account
Vehicles Account
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