Action Accounting
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The Pineapple Pub
Double Entry: Transaction 6 / of 16
Scene 23
/ of 100
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Double Entry
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Purchased stock on credit for €6,000 from Kensington Supplies Limited on 9th December.
Which account should be debited?
Creditor - Kensington Supplies Limted Account
Purchases Account
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The purchases account is debited as stock is received.
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Jason is receiving stock, purchases an expense account is increasing.
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