Debit Entries: Debit entries are those entries that are made when the value of an asset increases or the expenses are paid by company. On these occasions, the particular account is debited. Credit Entries: Credit entries are those entries which happen to increase a liability . On these occasions, the particular account is credited. All the incomes and gains generated by the company are also credited. Worksheet : A worksheet is a form of a spreadsheet which is used by the accountants or book keepers to record the data and organize it. All the accounting data is prepared in a worksheet because it reduces the chances of forgetting an adjustment. To explain: Reason for the debit and credit entries in the adjustments columns of the worksheet identified with letters.

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Chapter 3, Problem 19DQ

To determine

Debit Entries:

Debit entries are those entries that are made when the value of an asset increases or the expenses are paid by company. On these occasions, the particular account is debited.

Credit Entries:

Credit entries are those entries which happen to increase a liability. On these occasions, the particular account is credited. All the incomes and gains generated by the company are also credited.

Worksheet:

A worksheet is a form of a spreadsheet which is used by the accountants or book keepers to record the data and organize it. All the accounting data is prepared in a worksheet because it reduces the chances of forgetting an adjustment.

To explain: Reason for the debit and credit entries in the adjustments columns of the worksheet identified with letters.

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