Help Needed!
System
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I am just working through a past paper (foundation)and I just want to check I have the following correct
Motor Vehicles - DR
Stock - DR
Cash - DR
Creditors Control- CR
Capital-CR
Purchases-DR
Purchases Returns-CR
Loan from Bank-CR
Wages-DR
Rates-DR
Telephone-DR
Motor Expenses-DR
Stationary-DR
Travel-CR
Misc Expenses-DR
Motor Vehicles - DR
Stock - DR
Cash - DR
Creditors Control- CR
Capital-CR
Purchases-DR
Purchases Returns-CR
Loan from Bank-CR
Wages-DR
Rates-DR
Telephone-DR
Motor Expenses-DR
Stationary-DR
Travel-CR
Misc Expenses-DR
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Comments
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Re:Help Needed!
Travel?0 -
Re:Help Needed!
Travel yes?0 -
Re:Help Needed!
PEARLS
Where Purchases, Expenses & Assets are Debits
Revenue, Liabilities & Sales are Credits
Scott.0 -
Re:Help Needed!
So I am correct then?0 -
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Travel expenses?0 -
Re:Help Needed!
No just travel! Now u r really confusing me!lol0 -
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Define travel.0 -
Re:Help Needed!
Unless Im missing something, it cant be 'just travel' That is not something you can allocate as a credit or debit. I would assume its a travel expense0 -
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Ahh sorry it does just say travel yes. I would have thought it was an expense, so in this case it will be DR0 -
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I wasnt trying to be awkward, its just easier if you spot it yourself. Feel free to ask if you have any more problems. PM me or email me
paulsymes46@hotmail.com0 -
Re:Help Needed!
O I didnt think that. But I still dont know if what I have done is correct?0 -
Re:Help Needed!
I would expect travel will be an expense - debit. See how the exercise pans out.
Paul.0