Action Accounting
Home
Scenario List
About
Contact
Disclaimer
The Pineapple Pub
Double Entry: Transaction 7 / of 16
Scene 27
/ of 100
Introduction
»
Double Entry
»
Balancing Accounts
»
Trial Balance
»
Income Statement
»
Balance Sheet
»
Completed Financial Statements
Leased a jukebox for €3,500 paying by cheque on 12th December.
Which account should be debited?
Bank Account
Leasing Expenses Account
close
The leasing expense account is debited because there is an increase in the expense.
close
Are you sure? Try again.
close
Leasing is an expense account. An increase in expense should be debited.
check answer »
« back to previous step
