2. Double-entry
bookkeeping: firs
principles
Accounting AQA Year 12
, Ledger accounts Dr name of account
+ Double entry bookkeeping recognises that each date Cr
detail reference Date detail refere
transaction has a dual aspect. The lay out is as £ £
shown on the right >
Note the points about the layout:
+ The name of the account is written at the top
+ Its divided into two identical halves
+ The left being debit and the right being credit Dr Wages account
+ The date, details and amount of the transaction Cr
20-1 £ 20-1
are entered in the account
£
+ In the details column, the name of the other
account involved in the bookkeeping
transaction is entered
+ Reference column is used as a cross ref system
to the other entry
Simplistic layout
+ This is often known as a t-account
bookkeeping: firs
principles
Accounting AQA Year 12
, Ledger accounts Dr name of account
+ Double entry bookkeeping recognises that each date Cr
detail reference Date detail refere
transaction has a dual aspect. The lay out is as £ £
shown on the right >
Note the points about the layout:
+ The name of the account is written at the top
+ Its divided into two identical halves
+ The left being debit and the right being credit Dr Wages account
+ The date, details and amount of the transaction Cr
20-1 £ 20-1
are entered in the account
£
+ In the details column, the name of the other
account involved in the bookkeeping
transaction is entered
+ Reference column is used as a cross ref system
to the other entry
Simplistic layout
+ This is often known as a t-account
