Action Accounting
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Collins Consultancy
Double Entry: Transaction 3 / of 7
Scene 10
/ of 68
Introduction
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Double Entry
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A supply of stationery was obtained on March 15 paying €88 cash
March 15: Paid €88 cash for stationery
Tick which two ledger accounts should be used.
Bank Account
Capital Account
Cash Account
Creditor - Ace Supplies Ltd Account
Creditor - Price Paper Ltd Account
Fixed Assets Account
Purchases Account
Purchases returns Account
Stationery Account
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Yes, the cash account and the stationery account should be updated.
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