Financial Accounting
Profit Cash flow Explanation
Financial Accounting
Payment for insurance
Premium
Financial Accounting
P.
Financial Accounting
Financial Accounting
Debit
entries in a
ledger
account
Credit
entries in a
ledger
account
Left-hand side
of the equation
Financial Accounting
Transaction
number: 1
Debit Credit
Financial Accounting
Transaction
number: 2
Debit Credit
Financial Accounting
Financial Accounting
Transaction
number: 4
Debit Credit
Financial Accounting
Financial Accounting
Financial Accounting
Transaction
number: 6
Debit Credit
Financial Accounting
Financial Accounting
Transaction
number: 8
Debit Credit
Financial Accounting
Transaction
number: 9
Debit Credit
Financial Accounting
Transaction
number: 10
Debit Credit
Financial Accounting
Table 3.10: Spreadsheet of transactions for P Masons legal practice, during the month of September
No Land &
buildings
Office
furniture
Trade
receivables
Pre-
payments
Cash at
bank
Trade
payables
Bank loan Revenue Expenses Owners
capital
contributed
Financial Accounting
Debit Credit