Rules of Recording Entries in the Ledger

RULES OF RECORDING ENTRIES ON LEDGER ACCOUNTS

1. PAD-Purchases Are Debited
2. SAC-Sales Are Credited
3. DAD-Drawings Are Debited
4. CLEAR (song: DOWN, DOWN, UP, UP, DOWN) opposite is true

C-APITAL,L-IABILITIES,E-XPENSES,A-SSETS,R-EVENUE