CR or DR for Unit 2 (MARP)

System · March 2005

Hi all in AAT land

) For some reason my mind is a blank, I thought I had this then confused myself, rubbed everything out, forgot how I did it and now completely numb. I am working on Unit 2 Making and Receiving Payments and filling in the following before posting to the main and sub ledgers, but when I was using the eraser it worked on my brain too because now I have a complete blank. This is what I think it should be but am not 100% PDB (Purchase Day Book) Total=CR, VAT=DR, Purchases=DR, Stationery=DR PRDB (Purchase Returns Day Book) Total=DR, VAT=CR, Purchase Returns=CR, Stationery=CR PCB (Petty Cash Book) Postage=DR, Production Expense=DR, Stationery=DR, VAT=DR CB (Cash Book Ã¢?? Payments Side) Payment=DR, Admin=CR, Factory Wages=CR, Petty Cash=CR, Suppliers=CR, Discount Received=CR Any help appreciated. Nick

System · March 2005

CR or DR for Unit 2 (MARP)

Cash book is the wrong away around. Cr Payments = Dr all the expense accounts

System · March 2005

CR or DR for Unit 2 (MARP)

But the other are all OK. Cool. Thanks Amanda Regards Nick

System · March 2005

CR or DR for Unit 2 (MARP)

Not sure if this helps but I asked a couple of accountants how they remember the Cr / Dr thing which when you start is an absolute nightmare. Best was A & E = Debit - i.e. you go into an A & E. My tutor also uses the DR = Drin and Crout (in and out) silly but helps to remember - apart from those times when the kids won't leave me alone I've worked 12 straight hours at work and am trying to finish the so called 3 hours homework !

System · March 2005

CR or DR for Unit 2 (MARP)

Nick, A GREAT BIG THANKS for that.........was going round the preverbally bend trying to remember that. Am a Happy Easter Bunny now, can study with more confidence.......hopefully anyway! LOL

System · March 2005

CR or DR for Unit 2 (MARP)

Hi My tutor at college has always drummed this method of learning into us from the start. Cr Dr A(assets) L(liabilities) E(expenses) S(sales/income) It spells out ALES. At first it didnt make much sense but when you take into consideration what you are posting it almost always seems to fit into this pattern. I have found it really useful as the course has progressed. Hope it may be some use to others Darren

System · March 2005

CR or DR for Unit 2 (MARP)

Hi All, To remember which sides to increase the account, my tutor told us the follow - Dead and Click Debits increase for E -Expenses A - Assets D - Debtors Credits incrase for L - Liabilities I - Income C - Captial So all you need to rember from there is what sort of account you are looking at, then you can work out which side of double entry you need to use!! - that's where i get confused now. Anyway - hope it helps a little. Mark.

CR or DR for Unit 2 (MARP)

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