RULES OF RECORDING ENTRIES ON LEDGER ACCOUNTS
- PAD-Purchases Are Debited
- SAC-Sales Are Credited
- DAD-Drawings Are Debited
- CLEAR (song: DOWN, DOWN, UP, UP, DOWN) opposite is true
C-APITAL,L-IABILITIES,E-XPENSES,A-SSETS,R-EVENUE
Rules of Recording Entries in the Ledger
