Pancyprian TS Accounting Practice Questions - Cyprus Pancyprian Access Examination Technical School Accounting (Practical Direction) (ΛΟΓΙΣΤΙΚΗ Τ.Σ. (Π.Κ.), Code 518) Exam

A business pays a credit supplier €450 by bank transfer. The correct double entry is:

Debit Bank €450; Credit Supplier €450 Debit Supplier €450; Credit Bank €450 Debit Purchases €450; Credit Bank €450 Debit Supplier €450; Credit Purchases €450

Correct Answer:

Debit Supplier €450; Credit Bank €450

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