Journal entry practice: debits and credits with answers
You do the booking: choose the accounts, enter the amounts and have it checked. Five transactions, new every day, with answers, calculations and explanations. Free and without an account.
Keep practising for free, with your progress
The basics without a daily limit in a free account, plus one exam-level task a day. Every level, the exam mode and the AI tutor from €4.99 once or with Plus.
Transaction
Purchase invoice from Taylor & Sons for a delivery of goods: £3,950.00 plus 20% VAT, payable within 30 days.
Debit
Assets up · expenses · liabilities down
Total debit£0.00
Credit
Liabilities up · income · assets down
Total credit£0.00
Topics with explanations and practiceBooking purchases · Booking sales · Booking payments · Booking cash discounts …
Debit and credit in four rules
Assets
Cash, bank, receivables, input VAT: increases are debits, decreases are credits.
Liabilities and capital
Payables, loans, output VAT, capital: increases are credits, decreases are debits.
Expenses
Purchases, rent, wages, interest, depreciation: always debits.
Income
Sales, interest income: always credits.
How the trainer works
Book it yourself
You choose the accounts and type the amounts, just like in the exam. Several accounts per side are possible.
See at once what is wrong
Wrong amount, wrong side or wrong account: every line is checked and marked.
Answers with reasons
Each line says why it is a debit or a credit, plus the calculation for VAT and discounts.