Hi
Please help me with a very basic question.
Assets = Capital + Liability
Where Asset is debit by nature
Capital is Credit by nature
Liability is credit by nature
And
Expense is debit by nature
My question
Income is credit / debit by nature?
And where do drawings fit in? And is is debit/credit by nature?
Thank you in advance
ACCA Forums
FADrawings
Drawings debit
income is credit by nature
Drawings are debit by nature
11y ago#3Elle: It will help you to watch the free lectures on here. If you watch them in order then they are a complete course covering everything you need for Paper F3.
John, ever tried to watch a video three seconds at a time? :-) I've got the slowest internet in the world
Thank you salwa1234 and dcducaale
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