Action Accounting
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The Pineapple Pub
Double Entry: Transaction 9 / of 16
Scene 34
/ of 100
Introduction
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Double Entry
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Balancing Accounts
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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 17: Jason wrote a cheque to pay Flash Sales Limited €8,000 off the total amount due.
Paid Flash Sales Ltd €8,000 by cheque on 17th 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 creditor account for Flash Sales Limited and the bank account are the two accounts that should be updated.
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Are you sure? Try again.
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The creditor (Flash Sales Ltd) is receiving money, as it is by cheque the bank account is giving the money.
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