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Icaew Aca Accounting Examprep 2026 Questions And Verified Detailed Solutions

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Institution ICAEW ACA ACCOUNTING
Module ICAEW ACA ACCOUNTING
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ICAEW ACA ACCOUNTING EXAMPREP 2026 QUESTIONS AND VERIFIED DETAILED SOLUTIONS

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ICAEW ACA ACCOUNTING EXAMPREP
2026 QUESTIONS AND VERIFIED DETAILED
SOLUTIONS

⩥ double entry for sales revenue. Answer: DR cash/bank or trade
receivables CR sales revenue


⩥ double entry for paying expenses. Answer: DR expense (e.g rental
expense) CR cash/bank


⩥ double entry for taking out a loan. Answer: DR cash/bank CR loan
payable


⩥ double entry for owners investment. Answer: DR cash/bank CR
owners equity


⩥ double entry for drawing by owner. Answer: DR owners drawings CR
cash/bank


⩥ what is the accounting equation. Answer: Assets = Liabilities +
Owner's Equity

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