Action Accounting
Home
Scenario List
About
Contact
Disclaimer
The Pineapple Pub
Double Entry: Transaction 9 / of 16
Scene 35
/ of 100
Introduction
»
Double Entry
»
Balancing Accounts
»
Trial Balance
»
Income Statement
»
Balance Sheet
»
Completed Financial Statements
Paid Flash Sales Ltd €8,000 by cheque on 17th December.
Which account should be debited?
Bank Account
Creditor - Flash Sales Limited Account
close
The creditor account for Flash Sales Limited is receiving the money. A liability is being reduced so the account is debited.
close
Are you sure? Try again.
close
Is the creditor receiving or giving the money. Debit the receiver / Credit the giver.
check answer »
« back to previous step
