Dr/Cr

Credit Sales

Debit: Trade receivables
Credit: Sales

Sales Returns

Debit: Sales returns
Credit: Trade receivables

Sales Returns at Cost

Debit: Inventory
Credit: Cost of sales

Trade Receivables Written Off

Debit: Allowance for impairment loss on trade receivables
Credit: Trade receivables

Impairment Loss on Trade Receivables

Debit: Impairment loss on trade receivables
Credit: Allowance for impairment loss on trade receivables

Reversal of Impairment Loss on Trade Receivables

Debit: Allowance for impairment loss on trade receivables
Credit: Reversal of impairment loss on trade receivables

Credit Purchases

Debit: Inventory
Credit: Trade payables

Purchase Returns

Debit: Trade payables
Credit: Inventory

Impairment Loss on Inventory

Debit: Impairment loss on inventory
Credit: Inventory

Expenses Owing

Debit: Expense
Credit: Other payables - exp

Prepayment Unused

Debit: Prepayment
Credit: Expense

Income Owing

Debit: Other receivables
Credit: Income

Unearned Income

Debit: Income
Credit: Unearned income

Bought PPE on Credit

Debit: PPE
Credit: Other payables

Depreciation on PPE

Debit: Depreciation
Credit: Accumulated depreciation

Disposal of PPE

Debit: CAB/CIH/Other receivables, Acc. Dep, Loss on disposal
Credit: PPE, Gain on disposal

Issue Share Capital (including rights issue)

Debit: CAB/CIH
Credit: Preference/Ordinary share capital

Bonus Issue of Shares

Debit: Retained earnings
Credit: Ordinary share capital

Interim Dividend

Debit: Retained earnings
Credit: CAB/CIH

Final Dividend

Debit: Retained earnings
Credit: Dividend payable

Subsequent Payment of Final Dividend

Debit: Dividend payable
Credit: CAB/CIH

Buy Back of Shares

Debit: Treasury shares
Credit: CAB/CIH

Obtained Long Term Borrowing/Short Term Borrowing

Debit: CAB/CIH
Credit: Long term borrowing/ Short term borrowing

Incurred Interest Expense Owing

Debit: Interest expense
Credit: Other payables - interest

Repayment of Long Term Borrowing/Short Term Borrowing

Debit: Long term borrowing/short term borrowing
Credit: CAB/CIH