unit 3 - help needed

System

Hi

Apologies for this message. I realise it is a repeat of the previous post but the previous post didnt appear for a long time so I thought it hadnt worked.

I am just completing a practice skills test for unit 3 where I have encountered a problem.

The particular question requires me to write a journal entry regarding rent of £1450. This money was correctly credited to the bank account however no entry was recorded in the rent paid account.

I realise I have to debit the rent paid account but was confused about which account to credit. I initially thought the purchases ledger control account but I thought that this was only for credit purchases only.

So basically my question is: Which account should I credit when writing the journal?

AND

if it is the purchases ledger control account I should credit, then does this mean things like rent, loan repayments, wages and bank charges should be posted to the purchases ledger control account?

Any help would be VERY welcome.

Thanks in advance

Mathew Hill

System

Re:unit 3 - help needed

I would say credit suspense, and then hopefully the journal requirements after that will clear the suspense account.

Gem

System

Re:unit 3 - help needed

Hi

Thanks very much for your help, it makes sense now.

Matt