FRA Debits & Credits (DEAD CLIC)
Sazpots
Registered Posts: 3 New contributor 🐸
Hi
Good luck to anyone doing the FRA exam on Wednesday.
Saw this and thought it was quite a helpful reminder. It's on the e-learning revision slides( http://www.aat.org.uk/elearning/rt_unit5_fra/ )
DEAD CLIC
To increase an account you:
Debit
Expenses
Assets
Drawings
Credit
Liabilities
Income
Capital
Good luck to anyone doing the FRA exam on Wednesday.
Saw this and thought it was quite a helpful reminder. It's on the e-learning revision slides( http://www.aat.org.uk/elearning/rt_unit5_fra/ )
DEAD CLIC
To increase an account you:
Debit
Expenses
Assets
Drawings
Credit
Liabilities
Income
Capital
0
Comments
-
Don't know if this will help: we learnt CLIP:
Capital
Liability
Income
Provision
And they are Credits as the first word starts with the C0 -
fantastic idea! your idea is better than AAT. But they use opposit Debit=Credit i don;t know why they mix it up.0
-
P? provision is it same as capital?0
-
Provision isn't the same as capital
Capital is what is owed back to a business' owner - eg - money invested to start the business - a vehicle that the ower "donated" for business purposes
Provision is where something is expected to happen - eg provion for bad debts... it's like trying to work out what is going to be in the bad debt account before it really happens.
I hope that makes sense If not there is lots about it in the text books0 -
how did you add the smile emotion? i got the remove text
bold,
italic
underline
colour
insert link
insert picture
quote
but no list of emotions please pm me0 -
use 'go advanced' rather than 'quick reply', and you'll get the options you want.0
-
thank you
:thumbup1:hi
thank you
today i learnt how to add emotion on AAT forum!:thumbup:0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 322 NEW! Qualifications 2022
- 164 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 88 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 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