Why cant I get my head around this?

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi All

im stuck, altough I have tried the past papers for PLB, and have an idea what is going on, I still feel as though I dont understand.

I mean, I have learnt most of it just by remembering what is a debit and what is a credit and memorising which side of the legders they go on, whilst most people I am at college with seem to be able to think things through logically....like "thats a credit because it decreases this.... or thats a debit because it increases that"

anyone know an easier way of getting your head round it?
ive tried that Dilla Cilla one too :cry:

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Why cant I get my head around this?

    Don't panic. Soon double entry will be a second nature to you!

    Don't try and think of the logic of double-entry, because tbh it's not all that logical!

    For me DEADCLIC worked.

    DEBIT
    Expenses
    Assets
    Drawings
    CREDIT
    Liabilities
    Income
    Capital

    PEARLS is also quite a good one

    Purchases
    Expenses } Debit
    Assets
    Revenue
    Liabilties } Credit
    Sales

    Then obviously Credit Creditors and Debit Debtors.

    Was there any particular section of the exams that you were struggling on?

    I know for me the CashBook was the hardest to get my head around.

    Try and let us know in more detail and we will try to help you on that particular section.

    Gem
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Why cant I get my head around this?

    thanks Gem

    well i think I get confused with things like say if a debtor pays you, and then the cheque gets bounced, what happens with the double entry!?

    my tutor said that dead clic only happens when you are increasing something, but if it decreases then it swaps around....clic dead?

    i know I am probably not making much sense!!??
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Why cant I get my head around this?

    Your tutor is right saying that DEADCLIC only increases, if you want to decrease the account you would have to reverse. So, debiting the expense account increases it, but if one of your expenses if refunded, for some reason, you would have to credit the expense account to decrease it.

    OK, if a debtor gives you a cheque, you would credit debtors and debit the bank.

    Then, if the cheque bounces, you have to replace the first entry, so you would credit the bank and debit debtors (and ask them very nicely to send another cheque!)

    So it sounds like you get confused when you have to decrease an account or reverse an entry?

    Just memorise DEADCLIC, or your preference, and remember if you have to reverse it then do the opposite, so in this case you would get DLICCEAD.

    I'm very sorry if I have confused you even more!

    If you have any more questions feel free to post.

    Gem

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Why cant I get my head around this?

    yes exactly! im ok with the increasing, because I have learnt my DEADCLIC!

    Thanks Gem, so I guess its as easy than it sounds then, I would just like to be confident in what I am saying, rather just knowing because I memorised which side they all go on!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Why cant I get my head around this?

    You just have to remember it is that simple! Don't try to over-complicate it just yet :P

    Good luck

    Gem
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Why cant I get my head around this?

    Hi I have a new one for you
    debits
    PEAD
    Purchases
    Expenses
    Assets
    Debtors

    credits
    SILC
    Sales
    Income
    Liabilities
    Creditors

    Thats how i was taught, found it easy to remember, Gill Laythom, brill teacher
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Why cant I get my head around this?

    Hi Gem

    I know I might sound really thick, but wat does the DLICCEAD stand for?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Why cant I get my head around this?

    You use that when you want to decrease the account
    DEBIT
    Liabilities
    Income
    Capital
    CREDIT
    Expenses
    Assets
    Drawings

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