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Extended trial balance

Hi aat people
If I had a trial balance and I had some adjustments
If I had £100 in telephone expenses and I need to have 25% of as personal use..... do I
Credit £25 from telephone expenses and debit Drawings £25 in adjustments
Or do I make a new line of personal expense account and debit it £25 in adjustments.????


  • Clintm15Clintm15 Well-Known FarehamRegistered Posts: 247
    In theory you could do both. If you create a 'personal expenses' account however, it's just an additional 'drawings' account.
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • kitty46kitty46 Registered Posts: 5
    Thank you for clearing this up for me, much appreciated
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