Accolade Accounting cc
Adding value to your business
Tel: 044 690 3739

Info@accoladeaccounting.co.za

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A C C O U N T I N G

P A Y R O L L &  H R

MAP - New Address . Mail: info@accoladeaccounting.co.za
Category
Sub-Category
Account
Debit / Credit
VAT
Income
Trading Statement:
Sales
Credit
Yes
Discount received
Credit
Yes
Interest received
Credit
No
Rental income
Credit
Yes
Cost of Sales
Cost of Sales
Debit
Yes
Expenses
Overheads:
Accounting fees
Debit
Yes
Advertising
Debit
Yes
Bank charges
Debit
Yes
Cleaning materials
Debit
Yes
Discount allowed
Debit
Yes
Donations
Debit
Yes
Duty fees
Debit
Yes
Electricity and water
Debit
Yes
Fines
Debit
Yes
Insurance
Debit
Yes
Interest paid
Debit
Yes
Levies
Debit
Yes
Motor vehicle expenses
Debit
Yes
Printing and stationery
Debit
Yes
Postage
Debit
Yes
Rent paid
Debit
Yes
Salaries and wages
Debit
No
Staff refreshments
Debit
No
Telephone
Debit
Yes
Owner’s Equity
Capital:
Retained Income
Debit / Credit
No
Capital
Credit
No
Drawings
Debit
No
Assets
Fixed assets:
Furniture and fittings
Debit
Yes
Land and buildings
Debit
Yes
Motor vehicles
Debit
Yes
Plant and machinery
Debit
Yes
Current assets:
Bank accounts
Debit
No
Inventory / stock
Debit
Yes
Debtors / customers / accounts receivable
Debit
Yes
Petty-Cash
Debit
No
Deposit paid
Debit
No
Liabilities
Long term liabilities:
Long term loans
Credit
No
Instalment sale creditors
Credit
Yes
Short term:
Creditors / suppliers / accounts payable
Credit
Yes
VAT control
Credit
No
Short term loans
Credit
No