Action Accounting
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The Pineapple Pub
Double Entry: Transaction 13 / of 16
Scene 51
/ 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
Made drawings of €4,200 by cheque on 23rd December.
Which account should be debited?
Bank Account
Drawings Account
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The drawings account is debited as the owner receives money from the business.
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Are you sure? Try again.
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The owner (drawings) is receiving something (money from the bank) from the business bank account for himself.
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