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T-account issue

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › T-account issue

Viewing 2 posts - 1 through 2 (of 2 total)
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  • October 13, 2017 at 8:21 am #410731
    bridget506
    Member
    • Topics: 7
    • Replies: 3
    • ☆

    Please Chris could you explain to me how I will understand what items go to Dr side and what items go to Cr side in T-account. I am still confused about that.

    Thanks

    October 15, 2017 at 9:49 am #411067
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7082
    • ☆☆☆☆☆

    Hi,

    It all goes back to the fundamentals, in that debit entries increase expenses, assets and drawings, whilst credit entries increase liabilities, income and capital.

    We only really ever use T-accounts in group SCF questions so you shouldn’t struggle too much.

    Thanks

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