Debits & Credits
| Transaction |
Debit |
Credit |
Notes |
| Customers |
| Cash sale |
Cash |
Revenue |
|
| Invoice sale |
Debtors |
Revenue |
|
| Receipt of cash for invoice sale |
Cash |
Debtors |
|
| Suppliers |
| Invoice purchase |
Expense |
Creditors |
|
| Payment for invoice purchase |
Creditors |
Cash |
|
| Dividends |
| Dividend Payout |
Dividends |
Cash |
|
Free Accounting Software : Accounting Students : Registration : Double Entry
|