1. Starter Debit or Credit?

2. Account to be debited Account to be credited
Bought a computer on credit from C.Ure Ltd
The proprietor (owner) paid a creditor, P.Took from his private funds
A debtor, J.Pike paid us by cheque
Repaid part of a loan from J.Syme in cash
Returned the computer to C.Ure Lts
A debtor, F.Wilson pays us by cheque
Bought a car on credit from Wiley Motors

3. Account to be debited
Account to be credited
Bought a computer on credit from C.Ure Ltd
Computer a/c (equipment a/c)
C.Ure a/c
The proprietor (owner) paid a creditor, P.Took from his private funds
P.Took a/c
Capital a/c
A debtor, J.Pike paid us by cheque
Bank a/c
J.Pike a/c
Repaid part of a loan from J.Syme in cash
J.Syme a/c
Cash / Bank a/c
Returned the computer to C.Ure Lts
Computer / equipment a/c
A debtor, F.Wilson pays us by cheque
f.wilson a/c
Bought a car on credit from Wiley Motors
Car a/c
Wiley motors a/c

4. Returns outwards Returns inwards Debit the supplier’s a/c
Credit the returns outwards a/c
Returns inwards
Debit the returns inwards a/c
Credit the supplier’s a/c