Action Accounting

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The Pineapple Pub

Double Entry: Transaction 16 / of 16

Scene 63 / of 100

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Cash sales €20,000 lodged to the bank on 31st December.

Which account should be debited?

Bank Account
Sales Account

close The bank account is debited because the bank (an asset) is increasing in value.

close Are you sure? Try again.

close Is the bank receiving (debit) or giving (credit) the money?

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