Debit and Credit Flashcards
1
Q
Inventory +
A
Debit
2
Q
Motor vehicles +
A
Debit
3
Q
Cash at bank +
A
Debit
4
Q
Cash in hand -
A
Credit
5
Q
Fixtures and fittings -
A
Credit
6
Q
Trade receivables +
A
Debit
7
Q
Trade receivables -
A
Credit
8
Q
Rent expense +
A
Debit
9
Q
Salaries and wages +
A
Debit
10
Q
Cost of sales +
A
Debit
11
Q
Cost of sales -
A
Credit
12
Q
Advertising expense +
A
Debit
13
Q
Drawings +
A
Debit
14
Q
Loan from ABC Bank +
A
Credit
15
Q
Bank loan -
A
Debit
16
Q
Trade payables +
A
Credit
17
Q
Trade payables -
A
Debit
18
Q
Commission income +
A
Credit
19
Q
Sales revenue +
A
Credit
20
Q
Service fee revenue +
A
Credit
21
Q
Interest income +
A
Credit
22
Q
Sales returns +
A
Debit
23
Q
Capital +
A
Credit
