[b]Problems[/b]

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
I've just finished my first Sim. I'm feeling pretty confident with my AAT CR & DR if anyone needs any advice i'll be glad to help if possible.

Don't be affraid to ask (silly) questions, they aren't always silly.

Matt

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Problems

    One minute i understand my DR & CR the next thing im confused again, i can get it into my head when i read my text books, but then when its written on an exam paper the words just confuse me and i get memory loss, is there anyway to make it easy to remember apart from the

    D C
    E L
    A I
    D C

    which doesnt really help me in exams!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Problems

    HEY CAN YOU TELL ME WHAT DEAD CLIC STANDS FOR

    CHEERS
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Problems

    DEAD =

    Debits
    Expenses
    Assets
    Drawings

    CLIC =

    Credits
    Liabilities
    Income
    Capital

    Meant to be a way of remembering what are debits and what are credits

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Problems

    Hi

    When I was studying Foundation I found that PEARLS was alot easier to remember;

    P = Purchases )
    E = Expenses ) DEBITS
    A = Assets )

    R = Revenue )
    L = Liabilities ) CREDITS
    S = Sales )

    Hope this helps!

    Have a nice christmas all.

    Sinders

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