FRA Debits & Credits (DEAD CLIC)
Sazpots
Registered Posts: 3 New contributor 🐸
Hi
Good luck to anyone doing the FRA exam on Wednesday.
Saw this and thought it was quite a helpful reminder. It's on the e-learning revision slides( http://www.aat.org.uk/elearning/rt_unit5_fra/ )
DEAD CLIC
To increase an account you:
Debit
Expenses
Assets
Drawings
Credit
Liabilities
Income
Capital
Good luck to anyone doing the FRA exam on Wednesday.
Saw this and thought it was quite a helpful reminder. It's on the e-learning revision slides( http://www.aat.org.uk/elearning/rt_unit5_fra/ )
DEAD CLIC
To increase an account you:
Debit
Expenses
Assets
Drawings
Credit
Liabilities
Income
Capital
0
Comments
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Don't know if this will help: we learnt CLIP:
Capital
Liability
Income
Provision
And they are Credits as the first word starts with the C0 -
fantastic idea! your idea is better than AAT. But they use opposit Debit=Credit i don;t know why they mix it up.0
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P? provision is it same as capital?0
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Provision isn't the same as capital
Capital is what is owed back to a business' owner - eg - money invested to start the business - a vehicle that the ower "donated" for business purposes
Provision is where something is expected to happen - eg provion for bad debts... it's like trying to work out what is going to be in the bad debt account before it really happens.
I hope that makes sense
If not there is lots about it in the text books 0 -
how did you add the smile emotion? i got the remove text
bold,
italic
underline
colour
insert link
insert picture
quote
but no list of emotions please pm me0 -
use 'go advanced' rather than 'quick reply', and you'll get the options you want.
0 -
thank you
:thumbup1:hi
thank you
today i learnt how to add emotion on AAT forum!:thumbup:0
