Home For AAT student members AQ 2013 AAT Level 2 (Level 5 in Scotland)
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


Trial Balance debit and credit

I am having a bit of trouble with categorising the debits and credits. I understand the ACED and CLI but I wouldn't mind some help (examples) of each. Thank you for any help.

Comments

  • JoshhSwFcJoshhSwFc Registered Posts: 9
    This is helpful to a certain extent.

    Debits = DEAD
    Credit = CLIC

    This stands for:

    D = Debit
    E = Expenses
    A = Assets
    D = Drawings

    C = Credits
    L = Liabilities
    I = Income
    C = Capital

    clees
  • cleesclees Registered Posts: 33
    Pearls
    Debit Pea
    Credit rsl

    P-Purchases
    E- expenses
    A-Assets
    R-Resevables
    L-Liabilities
    S-Sales

    when i was doing my exams i always jotted down Pearls (Pea/rls) and Dead click and used both to figure out if somthing was a debit or credit

    cant go far rong with using both
Sign In or Register to comment.