question about double entries

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    bik123
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    Hi, i just starting with fa1 level, i havent got any background in accountng so i have very simple difficulties.
    I have question about posting in general ledger(actually is a question about double entry credit transaction),Below i attached screen to my problem. i understand that in total receivable account we put amounts on debit side because we receive money and our asset increase but i don’t understand how works the next two tables(boot and shoe sales). I can’t understand this double entry with credtit transaction, please help me guys, i will be grateful, thanks.

    http://i989.photobucket.com/albums/af12/maciek_grzeszczu/Capture_zpsa509ea3d.jpg


    Avatar of abj2513
    abj2513
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    when we sell goods on credit we debit trade receivables account and credit sales account. the two sales accounts are for illustration purposes showing the sales individually i.e for boots and shoes. sales have a credit balance because they are the giving account and trade receivable account is the receiving account. thus the sales are made up of boot and shoe sales whereas the receivables are for boot and shoe as well


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    bik123
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    • Topics: 32
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    Ok thank you very much for quik reply.
    I have a couple question more to exercise which I attached below.
    1. So about poin(iii) I thought that in receivable ledger and payable ledger are only personal accountant but in this point is abut personal and memorandum account, what is memorandum accountnt, and where is difference between personal and memorandum account?
    2. what does mean shortcut a/c?
    3. what does mean “bank” in column account to be credited. what is kind of general ledger?
    4. i noticed that if payment is made by cheque these personal or memorandum accountant are not aplicable, why?
    http://i989.photobucket.com/albums/af12/maciek_grzeszczu/generalledger_zps07d36078.jpg

    I realy need help guys

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