Debits and Credits. please help!

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi there. I`m new to all this, just started the Diploma pathway through premier training and am on certificate level. Thing is I thought I was quite bright but these debits and credits are doing my head in and I`m only on chapter 4! Am I getting debit confused with debtor. I though you owe a debtor therefore why does the debit column in the accounts show your assets! Please help, any advice appreciated. I have read the previous threads re this and it still doesnt sink in! If anyone is at the same level as me please e-mail me and we can be study buddies? belinda.m@ntlworld.com

Thanks. :D

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Debits and Credits. please help!

    Hi Bella,

    A debtor is someone who owes YOU money, CREDITORS are the people you owe money to.
    As they are a debtor and they owe you money, it is an asset and therfore shows on the debit side.

    J
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Debits and Credits. please help!

    COME ON GUYS CARRY ON PUTTING ON THE VOTEE TIME LIMIT HAS GONN WE CANT WAIT NO LONGERRRR!!!! RELASEEEE PLEASEEE EXAM PAPERS!!!!!!!! PLEASE POST YOUR VIEWS AND THREADS!!!!!!!! PUBLIC VOTE


  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Debits and Credits. please help!

    COME ON GUYS CARRY ON PUTTING ON THE VOTEE TIME LIMIT HAS GONN WE CANT WAIT NO LONGERRRR!!!! RELASEEEE PLEASEEE EXAM PAPERS!!!!!!!! PLEASE POST YOUR VIEWS AND THREADS!!!!!!!! PUBLIC VOTE


  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Debits and Credits. please help!


    If you're still confused, please see previous discussions on debits and credits from many long time contributors;

    http://forums.aat.org.uk/forums/posts/list/15646.page

    http://forums.aat.org.uk/forums/posts/list/13113.page

    http://forums.aat.org.uk/forums/posts/list/13084.page

    Regards,

    Robert

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