T-account issue

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October 13, 2017 at 8:21 am #410731
bridget506
Member
- Topics: 7
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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
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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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