First off, you should be able to master this one. Which account is being used by who?

The usual case from my students (during our first discussion on this), is that they get confused. They thought the Home Office-Current account is used by the Home Office. Or that the Investment in Branch is recorded in the books of the branch. Or they thought the Home Office-Current account’s normal balance is a debit.

So, just a simple quiz, shall we?

You got all six? Cool. I’d say you got this properly.

Moving on…