----- Original Message -----
From: Peter Jarratt <[log in to unmask]>
To: <[log in to unmask]>
Sent: Monday, November 26, 2001 4:15 PM
Subject: OCR Unit 5 AVCE Finance
> Trial balance question.
>
> Thanks for all the replies and I have made some headway with trial balance
> but the case study is still confusing myself and colleagues. Can anyone
> please look through the attachment and enlighten me on why for example
> 'cash' and 'other expenses' are in the same column.
>
> Thanks again
>
> Pete Jarratt
> Redruth School
> Cornwall
>
.... because Debits (on the left) are assets and expenses, whereas Credits
(on the right) are liabilities and items of income.
Cheers
David
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