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Collins Consultancy
Double Entry: Transaction 2 / of 7
Scene 7
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Double Entry
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March 11: €800 of stationery purchased on credit from Ace Supplies Ltd
Which account should be debited?
Creditor - Ace Supplies Ltd Account
Stationery Account
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Yes, the stationery account should be debited.
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Are you sure? Try again.
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The business is receiving in stationery, an expense is being incurred.
An increase in an expense should be debited.
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