I don't have a very good memory, so for most things I like to remember as little as possible and derive everything else from that small bit. That's what I do with journal entries in accounting. I actually only remember one journal entry most of the time, and that is when an expense is recorded. As long as I remember to debit the expense and credit cash, I'm good. Then I can derive most other journal entry procedures from there pretty much.
For instance, from there I can remember to record a sale by debiting cash and crediting revenue. And I can remember to record a receivable by debiting AR and crediting revenue. And to debit the receiving bank account and credit AR when the customer pays. And to record a payable by debiting the expense and crediting AP. And with an asset purchase, I debit the asset and credit cash or credit a payable. And so on, and so on.
Seems way easier doing things this way than to memorize each particular type of entry individually. Even if it may take a bit longer to get to the kind of entry I'm looking for at the moment.
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