Chapter Five explains the key accounting jargon. The Debit and Credit convention is part of this jargon. This is really easy once you understand it.
I have set out the SBL transactions in a spreadsheet in such a way that you can enter the debits and credits for each transaction and see if you have got them right.
There are three ways to do this quiz.
|Offline by downloading this Excel spreadsheet.
|This is probably the best choice if you have Excel on your computer.
|Online in a Google spreadsheet by clicking here.
|This requires you to have, or to create, a Google account. When it asks if you want to open a copy, just click on “yes, make a copy”. You will then have a copy of the Google Docs spreadsheet that you can save in Google Drive and practise on at your leisure.
|Online in an Excel spreadsheet by clicking here.
|Good if you don’t have a Google account, but you won’t be able to save the spreadsheet and it has the minor irritation that you can’t delete numbers you enter into cells – you can only type over the top of them.
I would welcome comments on these tools.