accounting - debit or credit? Flashcards

1
Q

Capital

A

credit

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2
Q

Julie (Credit customer)

A

debit

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3
Q

Sales return

A

debit

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4
Q

Karim (Credit supplier)

A

credit

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5
Q

Opening inventory

A

debit

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6
Q

Sales revenue/sales

A

credit

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7
Q

Purchases

A

debit

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8
Q

Bank overdraft

A

credit

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9
Q

Land and buildings

A

debit

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10
Q

Wages and salaries

A

debit

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11
Q

Rent receivable

A

credit

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12
Q

Drawings

A

debit

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13
Q

Trade recievable

A

debit

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14
Q

Provision for depreciation

A

credit

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15
Q

Purchases return

A

credit

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16
Q

Return inwards

A

debit

17
Q

Motor vehicles

A

debit

18
Q

Bank loan

A

credit

19
Q

Cash at bank

A

debit

20
Q

Commission receivable

A

credit

21
Q

Return outward

A

credit

22
Q

Administration expense

A

debit

23
Q

Irrecoverable debts/bad debts

A

debit

24
Q

Carriage outwards

A

debit

25
Q

Bank charges

A

debit

26
Q

Motor vehicle repairs

A

debit

27
Q

Cash in hand

A

debit

28
Q

General expenses

A

debit

29
Q

Carriage inwards

A

debit