ohh ddear :( trial balance
Options
NAJC
Registered Posts: 44 Regular contributor ⭐
just checking really.
admin exps and bad debt - debit
computer consomubles - debit
insurance - credit
leasing costs - credit
reply pleaseee.
thankyouu x
admin exps and bad debt - debit
computer consomubles - debit
insurance - credit
leasing costs - credit
reply pleaseee.
thankyouu x
0
Comments
-
Are you saying that insurance and leasing costs are income?
If not they should be debits.0 -
For sure Insurance is an expense of the business so this will be a Dr, as for the leasing costs, the fact that it is described as a ''cost'' again suggests this will be an expense in which case another Dr.
The only way this would be a Cr is if the business are receiving rent from a leased area. In which case this would be Cr to a ''rent received'' T account (would be considered an Income).
Hope that helps
Lily xxxxxxxxxxxxxxxxxxxxxxxxxxx0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.4K For AAT students
- 263 NEW! Qualifications 2022
- 144 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 44 AAT Level 3 Diploma in Accounting
- 66 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 268 VAT
- 90 Software
- 271 Tax
- 133 Bookkeeping
- 7.1K General accounting discussion
- 195 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 578 Job postings
- 16 Who can benefit from AAT?
- 35 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership