Debit and Credit Entries

Some of the debit entries and that of the credit entries are pinpointed thus:

Debit side (Dr.) Credit side (Cr.)
i) Debit: balance (bal bld) i) Credit: Opening credit balance (Bal bld)
ii) Sales made during the period ii) Cash received from debtors during the period.
iii) Dishonoured cheques and bills iii) Discount allowed.
iv) Bad debts written (W/B) iv) Returns inwards and allowances
v) Cash paid to debtors v) Bills receivable
vi) Discount disallowed vi) Bad debts written off (W/O)
vii) Transfer and other items (if any) vii) Transfers and other items (if any)

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