Understanding what does into the debit and credit side of a T account?
2017-07-11 10:52 pm
I understand that debits receive things and the credit side gives of a T account in accounting but what I just can't grasp is can you put anything into a debit? Does this sound the same? As I understand accounts debits receive things but what are they? I have read in books that confuse me because it says that they should just be assets or liabilities. What goes into a debit and what goes into a credit? I hope I've explained myself
回答 (2)
2017-07-11 11:25 pm
✔ 最佳答案
Whether it's a debit or credit depends on the nature of the transaction. If you get confused, start with the money. Money coming in to a cash or checking account is a debit, money going out is a credit. Whatever happens on the money side has to have a balancing account. So money coming in is a debit, wherever it came from is a credit. Money going out is a credit, so whatever it was spent on is a debit.
2017-07-11 10:56 pm
Suppose your company buys pens, paper and other office supplies for $500.00. you debit Office Supplies $500.00 and credit cash $500.00. The debit is on the left side of the T and the credit is on the right side of the T.
收錄日期: 2021-04-24 00:33:40
原文連結 [永久失效]:
https://hk.answers.yahoo.com/question/index?qid=20170711145209AAnS7XK