Debits And Credits Flashcards by Mohsin Saeed | Brainscape

Q

New loan

A

Dr cash
Cr loan payable

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Q

New equity

A

Dr cash
Cr share capital

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Q

Sale for cash

A

Dr cash
Cr revenue

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Q

Sale for credit

A

Dr accounts receivable
Cr sales revenue

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Q

Payment for customer

A

Dr cash
Cr accounts receivable

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Q

Writing off bad debt

A

Dr bad debt expense
Cr trade receivables

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