Action Accounting
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The Pineapple Pub
Double Entry: Transaction 11 / of 16
Scene 43
/ 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
Hampstead Heath Party-Hire paid €1,800 by cheque on 21st December
Which account should be debited?
Bank Account
Debtor - Hampstead Heath Party Hire Account
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The bank account is debited because moeny is received - an asset is being increased in value.
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Are you sure? Try again.
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The debtor is paying his bill, the bank account is receiving the money.
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