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Collins Consultancy
Double Entry: Transaction 5 / of 7
Scene 18
/ of 68
Introduction
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Double Entry
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Stationery to the value of €960 was obtained on credit from Price Paper Limited on the 21st March.
March 21: Stationery €960 purchased on credit from Price Paper Ltd
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 stationery account and the appropriate creditors account must be updated.
close
Are you sure? Try again.
close
Are you sure? The stationery was purchased on credit. It has not been paid for yet.
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