Action Accounting
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Collins Consultancy
Double Entry: Transaction 6 / of 7
Scene 22
/ of 68
Introduction
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Double Entry
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On the 23rd of March some stationery worth €40 was returned to Price Paper Limited for a full allowance.
March 23: Stationery worth€40 returned to Price Paper Ltd for full allowance.
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 should be updated.
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Are you sure? Try again.
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Stationery was returned to a creditor, no money exchanged hands.
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