Action Accounting
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The Pineapple Pub
Double Entry: Transaction 12 / of 16
Scene 46
/ 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 21: Jason decided to allow Hampstead Heath Party-Hire 10% discount amounting to €200 as they paid early.
Discount allowed of €200 to Hampstead Heath Party-Hire on 21st 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 discount allowed (an expense account) and the debtors account (Hampstead Heath Party-Hire) are the two accounts.
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Are you sure? Try again.
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Discount is allowed to the debtor for paying early.
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