Debits and credits Flashcards
1
Q
Motor vehicles
A
DR Asset
2
Q
Bank
A
DR Asset
3
Q
Sales
A
CR Income
4
Q
Purchases
A
DR Expense
5
Q
Stationery
A
DR Expense
6
Q
Loan
A
CR Liability
7
Q
Cash
A
DR Asset
8
Q
Insurance
A
DR Expense
9
Q
Advertising
A
DR Expense
10
Q
Wages
A
DR Expense
11
Q
Rent
A
DR Expense
12
Q
Rent receivables
A
CR Income
13
Q
Receivables
A
DR Asset
14
Q
Payables
A
CR Liability
15
Q
Discounts allowed
A
DR Expense
