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Debit or Credit Sort (ACCA FA)

Exercise and reference answers

Items
  1. Item
    Purchases
    Answer
    left
  2. Item
    Sales
    Answer
    right
  3. Item
    Receivables
    Answer
    left
  4. Item
    Payables
    Answer
    right
  5. Item
    Wages
    Answer
    left
  6. Item
    Share capital
    Answer
    right
  7. Item
    Rent expense
    Answer
    left
  8. Item
    Bank loan
    Answer
    right
Categories
Left
Debit balance
Right
Credit balance
Instructions
Swipe each account by its normal balance.
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