Double Entry Bookkeeping

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Has anyone found a really good book that teaches you the simple basics to grasp double entry bookkeeping without going into all the jargon?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Double Entry Bookkeeping

    There's a really good website:

    bized.ac.uk

    Scott.

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Double Entry Bookkeeping

    brilliant thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Double Entry Bookkeeping

    I am at technician level now but also found the concept of double entry really hard to grasp at foundation, untill two weeks before the exam. My tutor then enlightened me! If you can remember CIL (kill) and DEA (dear) the penny will drop.

    CIL= Credit Income and Liabilities
    DEA= Debit Expenses and Assets

    you just need to decide which category an entry falls under, Income, liability, expense or asset.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Double Entry Bookkeeping

    thats a good one thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Double Entry Bookkeeping

    DEAD CLIC is a good one too:

    Debit
    Expenses
    Assets
    Drawings

    Credit
    Liabilities
    Income
    Capital
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Double Entry Bookkeeping

    Hi

    To remember which side Debits and Credits are:


    DRive on the Left

    CRash on the Right



  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Double Entry Bookkeeping

    ha ha i like that one!

    Thanks everyone!! :thumbup:

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