Action Accounting
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The Pineapple Pub
Double Entry: Transaction 5 / of 16
Scene 18
/ of 100
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Double Entry
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Trial Balance
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Income Statement
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Balance Sheet
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Completed Financial Statements
December 8: The pub has a number of bedsits which is rented to a number of tennants. Jason received rent of €4,000 which he lodged in the bank account.
Rent received of €4,000 on 8th December.
Tick which two ledger accounts should be used.
Bank Account
Capital Account
Creditor - Flash Sales Limited Account
Creditor - Kensington Supplies Limted Account
Debtor - Hampstead Heath Party Hire Account
Discount Allowed Account
Drawings Account
Energy Expenses Account
Equipment Account
Furniture Account
Leasing Expenses Account
Purchases Account
Rent Payable Account
Rent Receivable Account
Sales Account
Wages Account
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Rent is received and the money is lodged in the bank, so the rent receivable account and the bank account are used.
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Rent is received and the money is lodged in the bank.
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