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Debits and Credits

What are Debits and Credits?

Debits and credits are simply the left and right sides of a ledger account. Debit is the left and credit is the right.

what are debit and credits?

Debit and credit rules are based on accounting logic and follow the accounting equation. Because of this logic, once you understand you will be able to work out the journal entries for your transactions.

So learn this concept well and you will understand the foundation of all introductory accounting subjects.

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09

Oct'18

What are Debits and Credits?

What are Debits and Credits? Debit and credit rules sound complicated, but debits and credits are simply the left and right sides …

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Oct'18

Accounting Questions and Answers

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Jun'18

Summary of the Debit and Credit Rules

Summary of the Debit and Credit Rules This is a simple summary of the debit and credit rules. Use this …

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Jun'18

The Accounting Equation

The Accounting Equation The accounting equation is the logic behind double entry accounting or accrual accounting. To understand this logic, …

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What is a Ledger Account?

What is a Ledger Account? The ledger account is the basic unit of an accounting system. These accounts collect information …

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09

Jan'18

How are the Debit and Credit Rules Explained?

The Debit and Credit Rules Explained To have the debit and credit rules explained, you must first learn about the …

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