Determining how credits are shown
You need to identify the way in which credits are shown in the sample file that you are learning from.
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There are five different ways in which credits can be represented in an account:
- '-' sign - Debits and Credits shown in a single column, Credits preceded by a '-' sign.
- CR - Debits and Credits shown in a single column, Credits followed by 'CR'.
- Brackets - Debits and Credits shown in a single column, Credits enclosed in parentheses.
- Credit column - Debits and Credits in separate columns.
- Default for group
- Figures are signed as required for the Tax Return e.g. both income and expenditure figures are shown as positive amounts).
- Select the option in the Credits denoted by options box which matches the way in which they are shown in the file.