accounting - debit or credit? Flashcards
1
Q
Capital
A
credit
2
Q
Julie (Credit customer)
A
debit
3
Q
Sales return
A
debit
4
Q
Karim (Credit supplier)
A
credit
5
Q
Opening inventory
A
debit
6
Q
Sales revenue/sales
A
credit
7
Q
Purchases
A
debit
8
Q
Bank overdraft
A
credit
9
Q
Land and buildings
A
debit
10
Q
Wages and salaries
A
debit
11
Q
Rent receivable
A
credit
12
Q
Drawings
A
debit
13
Q
Trade recievable
A
debit
14
Q
Provision for depreciation
A
credit
15
Q
Purchases return
A
credit
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
Bank charges
debit
26
Motor vehicle repairs
debit
27
Cash in hand
debit
28
General expenses
debit
29
Carriage inwards
debit
