Is there an easy way of remembering which entries are Credits & which are Debits when using computer programs? I can never remember which way round they are.

Here is a good overview that I think is explained well:
http://www.accounting-and-bookkeepin...ics-credit.htm

Look especially at the 4th paragraph.

You have indicated that you are having trouble as to which is which.

Follow these rules and you can never go wrong
again.

1) All Assets and All Expenditures are DEBITS.

2) All Liabilities and All Incomes are CREDITS.

Summary:-

A+E = L+I

All the very best,

rolcam.

Hey Rolcam,

That's the easiest rule I heard so far - Sure it will help me a lot. Many thanks.

Jan