Cash Books

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:23AM in AAT student discussion
Hi<BR><BR>I am currently studying for my AAT from home, and at the moment i'm having a bit of trouble understanding all the concepts of posting to cash books and the double entry system. Does anybody know of any useful (basic) materials that I could use to take me from start to finish and help me to understand the process a bit better? I would also like a few activities to get me going so that I can practice what I have learnt.<BR><BR>Can anybody help!!<BR><BR>Thanks :-)

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Cash Books

    Hi.<BR><BR>For remembering the double-entry system we were told:<BR><BR>PEARLS<BR><BR>Where Purchases, Expenses & Assets are debits, and Revenue, Liabilities & Sales are credits.<BR><BR>Obviously if Sales are a credit, you know that Sales Returns are a debit.<BR><BR>Also, D for Drawings, D for Debit, and C for Capital, C for Credit.<BR><BR>Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Cash Books

    Thanks Scott<BR><BR>Do you have any good textbooks or notes on the whole process that I could have a look at?<BR><BR>Cheers Sam :-)

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