Double Entry

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
I am really struggling with double entry book keeping!!! Has anyone got any tips or advice as to the best way to learn the principles??

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Double Entry

    Hiya<BR><BR>Do you know your PEARLS? It really helped me.<BR><BR> Dr Cr<BR><BR>P Purchases R Revenue<BR>E Expenses L Liabilities<BR>A Assets S Sales<BR><BR>Don't worry it will all click into place, it just takes a bit of practice.<BR><BR>Clare<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Double Entry

    I always find it easiest to look at the bank/cash side first if you are dealing with sales or purchases: Dr - Money IN (to your bank account), CR - money OUT (of your bank account) ; then the other account simply has the corresponding entry on the other side. <BR><BR>Hang on in there though cos it does get better the more you do. <BR><BR>Claire

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