Can someone tell me whether insurance , advertising , carriage inwards, carriage outwards are either cr or dr ? Thank you 😊
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- Thread Starter
- 06-11-2017 21:26
- Official Rep
- 09-11-2017 09:16
Sorry you've not had any responses about this. Are you sure you've posted in the right place? Here's a link to our subject forum which should help get you more responses if you post there.
- 25-11-2017 20:30
- 29-01-2018 14:43
As they are all expenses they are all Dr.
you can remember the golden rull of accounting to over come this problem.
1. Debit The Receiver, Credit The Giver.
2. Debit What Comes In, Credit What Goes Out.
3. Debit All Expenses And Losses, Credit All Incomes And Gains.