Financial Accounting
Debit
entries in a
ledger
account
Credit
entries in a
ledger
account
Left-hand side of
Financial Accounting
Analysis of service business transactions to identify two aspects of
each
Transaction Aspects of the
transaction
Debit entry
in
Credit entry
in
Financial Accounting
Financial Accounting
Date Transactions
Financial Accounting
Financial Accounting
Financial Accounting
Three-column ruling
Date Particulars Page Debit Credit Balance
Financial Accounting
Form of a T ledger account
Debit Entries Credit Entries
Financial Accounting
Financial Accounting
L1 Cash
Date Particulars Page Debit Credit Balance
Financial Accounting
L2 Ownership interest
Date Particulars Page Debit Credit Balance
Financial Accounting
Financial Accounting
Trial Balance at 31 October for Dr Lees
medical practice
Ledger account title
Debit Credit
Financial Accounting
Errors which will be detected by unequal
totals in the trial balance
Errors which will not be detected because
they leave the trial balance totals equal.