Need alittle helping tip :)

Sakutora

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.

bumblebee

Sakutora wrote: »

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 VAT

jewels.p

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.

A-Vic

http://forums.aat.org.uk/showthread.php?t=28719&highlight=pearls