Double Entry Starter

The left side of a T account is the

Which of the following will not appear on the debit side of a trial balance?

Which of the following will not appear on the credit side of a trial balance?

Money owed by customers who buy on credit is called:

Money owed to suppliers who sell goods to us on credit is called:

Mr Khan started his business with £1000 cash. The debit and credit entries in the T accounts will be:

The business bought a motor vehicle for £5000 and paid by cheque. The debit and credit entries for this transaction will be:

We sold goods for £200 to a customer who paid using a debit card. This transaction will be recorded as:

The purchases account is used to record goods (inventory) bought from suppliers, and the sales account is used to record goods (inventory) sold to customers.