Action Accounting
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The Pineapple Pub
Double Entry: Transaction 6 / of 16
Scene 22
/ of 100
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December 9: Jason needed a supply of drink for the bar. He arranged for a delivery from Kensington Supplies Limited who agreed to provide stock worth €6,000 on credit.
Purchased stock on credit for €6,000 from Kensington Supplies Limited on 9th 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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The purchases account and a creditor account for Kensington Supplies Limited.
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Stock is PURCHASED on CREDIT. What account represents the purchase of stock and what is the appropriate creditor account?
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