Double-Entry Accounting Quiz (Part 5 of 5)

📚 New! Get my 2nd Edition Accounting Cheat Sheet Bundle → https://accountingstuff.com/shop How well do you know Double-Entry Accounting? Let’s find out! 19. A business sells services worth $1,000 on credit. It credits Service Revenue by $1,000. What's the other entry? 20. A business pays $800 to a supplier to settle an outstanding debt. It credits Cash by $800. What is the other entry? Bonus Question: Which year did Luca Pacioli publish the Summa de Arithmetica? 🔴 Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel 🔗OTHER RESOURCES ▪ My Website → https://accountingstuff.com/accounting-basics/accounting-equation 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🚶FOLLOW ME ON ▪ Instagram → https://www.instagram.com/accountingstuff ▪ TikTok → https://www.tiktok.com/@accounting_stuff ▪ Facebook → https://www.facebook.com/accountingstuff