Determine how Credits are Denoted

You need to identify the way in which credits are shown in the sample file that you are learning from.

1. 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).

 

2. Select the option in the Credits denoted by options box which matches the way in which they are shown in the file.