Accouting- Chapter 2

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  • Created by: gahrace
  • Created on: 17-12-15 18:22
______ ________ book keeping is when two entries are made into two accounts
Double entry
1 of 7
On the debit side of an account it says the date, details and what else?
Amount
2 of 7
On the credit side of an account it says the ____, details and amouts
Date
3 of 7
The debit side of an account goes on the ____
Left
4 of 7
If I make a credit entry for the first account, I will put the second entry on the ______ side
Debit
5 of 7
If I had a transaction £1000 into the capital account, what other account will it go into?
Bank
6 of 7
I pay cash into the back, which side do I credit?
Cash
7 of 7

Other cards in this set

Card 2

Front

On the debit side of an account it says the date, details and what else?

Back

Amount

Card 3

Front

On the credit side of an account it says the ____, details and amouts

Back

Preview of the front of card 3

Card 4

Front

The debit side of an account goes on the ____

Back

Preview of the front of card 4

Card 5

Front

If I make a credit entry for the first account, I will put the second entry on the ______ side

Back

Preview of the front of card 5
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