Action Accounting
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West Coast Pottery
Double Entry: Transaction 1 / of 7
Scene 2
/ of 48
Introduction
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Double Entry
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A business in the centre of Galway trading as 'Galway Interiors Ltd.' has decided to buy €3,200 worth of pottery from West Coast Pottery on the 1st June. The goods have been sold on credit with the offer of 30 days interest free credit.
June 1: Goods sold on credit to Galway Interiors Ltd amounting to €3,200.
Tick which two ledger accounts should be used.
Bank Account
Capital Account
Cash Account
Creditors Account
Debtor - Galway Interiors Ltd Account
Debtor - Style Hotels Ltd Account
Fixed Asset Account
Purchases Account
Purchases Returns Account
Sales Account
Sales Returns Account
Stock Account
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Yes, the debtors account and the sales account should be updated.
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Are you sure?
Goods are being sold on credit
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