Need alittle helping tip :)
Sakutora
Registered Posts: 2 New contributor 🐸
Ok i am getting alittle confused help me out with what is going on here.
1.Sales
Vat
Sales ledger control
2.Sales ledger control
Sales
Vat
Now i have been trying to understand why is entry 2 different from entry number 1 but then again it's the same for the sales returns. To be honest also i have not seen any purchases of any form entered like that.
Can someone tell me why this is please thank you.
1.Sales
Vat
Sales ledger control
2.Sales ledger control
Sales
Vat
Now i have been trying to understand why is entry 2 different from entry number 1 but then again it's the same for the sales returns. To be honest also i have not seen any purchases of any form entered like that.
Can someone tell me why this is please thank you.
0
Comments
-
Ok i am getting alittle confused help me out with what is going on here.
1.Sales
Vat
Sales ledger control
2.Sales ledger control
Sales
Vat
Now i have been trying to understand why is entry 2 different from entry number 1 but then again it's the same for the sales returns. To be honest also i have not seen any purchases of any form entered like that.
Can someone tell me why this is please thank you.
I believe you are asking about double entry:
Dr Sales Ledger Control
Cr Sales
Cr VAT0 -
DEAD-CLIC - Debit Expenses, Assets, Drawings - Credit, Liabilities, Income, Capital
There is another acronym that people use but I cant remember it just now.
I used acronyms a lot when trying to get to grips with Debits and Credits.0 -
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 323 NEW! Qualifications 2022
- 165 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