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Collins Consultancy
Double Entry: Transaction 4 / of 7
Scene 14
/ of 68
Introduction
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Double Entry
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Some of the stationery purchased on the 15th was returned the following day for a cash refund of €15
March 16: Cash refund of €15 for return of 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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Are you sure? Try again.
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It is stationery that is being returned for a cash refund.
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