Action Accounting
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Collins Consultancy
Double Entry: Transaction 2 / of 7
Scene 6
/ of 68
Introduction
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Double Entry
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A large supply of stationery was purchased on credit from Ace Supplies Ltd amounting to €800 on the 11th March.
March 11: €800 of stationery purchased on credit from Ace Supplies 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 must be updated.
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Are you sure? Try again.
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No money has exchanged hand for the expense item
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