Action Accounting
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The Pineapple Pub
Double Entry: Transaction 16 / of 16
Scene 62
/ 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 31: New years eve is exceptionally busy for Jason. Cash sales lodged in the bank night safe amounted to €20,000.
Cash sales €20,000 lodged to the bank on 31st 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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Bank and sales are the two accounts required.
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Are you sure? Try again.
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Cash sales must be recorded in the sales account, when the money is lodged to the bank the bank account must be updated.
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