dpw Registered Posts: 14 Regular contributor ⭐ ? ⭐
I know what each letter stands for and that it relates to Debits and Credits, but can anyone explain a little further.
Is it just a helpful reminder with regards to the extended trial balance (what column to put in the P&L and Balance sheet) or does it have further uses with regards to double entry?


  • sdv
    sdv Registered Posts: 585
    A lot of students do not know their debits from credits. They often do not know which accounts should havd a debit balances and which accounts should have credit balances. DEAD CLICK helps students remember that

    D -Debit balances
    E -Expenses accounts
    A -Assets accounts
    D -Drawings account

    C -Credit balances
    L -Liabilities accounts
    I -Income accounts
    C -Capital accounts
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