Bookkeeping Transactions

ebarr

Hi,

Does anybody have a SIMPLE way of helping me remember how to do double entry with debits and credits? I CANNOT get this in my head and its starting to drive me nuts. I have read countless things online and nothing is helping, I'm never going to pass this first exam

sjtoomer

You need to remember DEAD CLIC (Debits increases Expenses Assets Drawings, Credits increases Liabilities Income Capital), which is a basic part of the Book-Keeping Transactions module. If you have not, I recommend you purchase/study the Kaplan learning materials.

PeterC

Try this link https://docs.google.com/document/d/1icNhvz1m0pMF3CF_oVZfQAo36QBn2qmxmiWndjFECYg/edit?usp=sharing
and look for "Debit and credit"