Assets and liabilities

Accounting
1

Seems I still need to learn how to record stuff in this system

so at the moment I look at me assets and liabilities and it seems cash is showing a liability (red) and depreciation etc showing as an asset (green) surely it should be the other way round

how do I rectify this

2

if you are doing journals then possibly your debit and credit are other way round

3

so if I adjust the journals to the opposite then it should work out

4

if I do that then it shows as a credit in the admin expenses?

5

lets see your journals screen shot

6

https://madhorse.quickfile.co.uk/nominal/journalentry?uploadRef=d093785c-a63f-48cb-9517-1fd0d9772110

7

couldn’t do a screen shot but see if the link works

8

no link wont work as it needs sign in

9

example of my journal

nominal code description debit credit

0051 vehicle depreciation +4181

8003 depreciation ( 4181)

10

so basically I need to know whether the codes I am using are right and whether it should be a credit or debit

im so confused

11

Depreciation code in P&L will be dibit and in Balance sheet CR

12

thanks that may help me