All Junior Cert Business Studies posts
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    ledgers Conall15

    is there an easy way to get the concept of ledgers into your head e.g. what accounts are needed every time

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      write on the page where absolutely everything goes before even opening the ledger. for example: point arrows and write 'goes in CR or goes in DR' and 'copy 1, 2 or 3' it means then you have everything laid out for you so you know exactly what you are doing. it made such a difference for me. i do this for all my bookkeeping.

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      Debit the reciever . Credit the giver

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      Expenditures. +. -

      Assets. +. -

      Revenue. - +

      Liabilities. - +

      Look at that like a T account. It should help u with where stuff should go

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