What do debits and credits mean in accounting memos?

a) "Debit" and "credit" are abstract accounting symbols.

The credit and debit accounting method uses "debit" and "credit" as accounting symbols to indicate the direction of increase or decrease in bookkeeping, the correspondence between accounts, and the nature of account balances. However, it has nothing to do with the literal meaning of these two words and their original meanings in the history of accounting. "Borrow" and "loan" are specialized terms in accounting and have become the common language of international business.

2) The meaning of "borrowing" and "borrowing" indicates increases or decreases.

"Debit" and "credit" are used as accounting symbols, both of which have the dual meaning of increasing and decreasing. When "borrowing" and "crediting" are increasing and when they are decreasing must be accurately explained in the context of the specific nature of the account. For the asset category, the expense category is "borrowing" and "borrowing" and "crediting" minus, and the liabilities and owners' equity are "borrowing" and "borrowing" and "crediting" increasing.

According to the accounting equation "assets + expenses = liabilities + owners' equity + income", the two accounting symbols of "debit" and "credit" stipulate the opposite meanings of the accounting elements on both sides of the accounting equation.

First of all, I imagined the debit and credit sides as plus + and minus -, (without thinking about the loan and credit words), and the direction was naturally left and right.

Then it's important to memorize the accounts.

Understand the specific classification of ledger accounts.

Expense classes in assets, costs, and profit and loss.

The bookkeeping method is an increase in debits and a decrease in credits.

Memorize the accounts that belong to the above categories, and record them according to the debit + credit - method when they appear).

Liabilities, owners' equity, income in profit and loss.

The method of accounting is a decrease in debits and an increase in credits.

Memorize the accounts that belong to the above categories, and record them according to the debit + credit - method when they appear).

The change of the same type of account can only be one increase or the other.

The change of different types of accounts can only be the same increase and decrease at the same time.

Example: Bank deposit is an asset account, first of all, what is the bookkeeping method of the asset account?

Oh, more debits and fewer credits.

Depositing money into the account will of course increase the money, so it will be debited!

Otherwise, if you take the money away, the money is reduced, so it's credited!

If the money withdrawn and deposited is cash in hand, then the changes in cash in hand should be recorded, and the first thing to think about is what kind of account is cash in hand and what is the bookkeeping method?

This will be done slowly, step by step, don't rush.

Another point to keep in mind is that accounting is a two-step process, and the occurrence of a business must appear in the records of two accounts, so that the income and expenditure can be even!

Where there is borrowing, there must be a loan, and borrowing must be equal.

What do financial debits and credits refer to?

What do debits and credits mean?

The meaning of debit and credit of accounting documents is as follows:

1. Credit: For liabilities, owners' equity, and income accounts, the credit indicates an increase; For asset and expense accounts, the credit indicates a decrease.

2. Debit: For liabilities, owners' equity, and income accounts, the debit side indicates a decrease; For asset and expense accounts, the debit side indicates an increase.

The words "debit" and "credit" in finance are used as accounting symbols, according to the credit and debit accounting method, with "there must be a loan, and the loan must be equal" as the accounting rule, representing the left and right sides of the account respectively. "Debit" and "credit" are the technical terms of debit and debit accounting in accounting, which are used to indicate the direction of bookkeeping.

Debit and debit accounting:

The credit and debit accounting method refers to a double-entry accounting method that uses the accounting equation as the accounting principle and the debit and credit as the accounting symbols to reflect the increase and decrease of economic business. Under the credit and debit accounting method, the structure of all accounts is that the left side is the debit side and the right side is the credit side, but the increase or decrease nature of the debit and credit side reflecting the change in the number of accounting elements is not fixed. For accounts of different natures, the contents registered by the lender are different.

The advantages of the credit and debit accounting method are: it is conducive to the analysis of economic business and the strengthening of economic management; It is conducive to preventing and reducing bookkeeping errors; It is more flexible in terms of account settings; It is conducive to the computerization of accounting, etc.

Debit is a bookkeeping symbol used to indicate the direction in which it should be credited to an account and to record changes in its quantity. For each account, if the debit side is specified to indicate an increase, the liable credit side indicates a decrease.

Under debit accounting, the left side of the account is called the debit side and the right side is called the credit side. The debits and credits of all accounts record increases and decreases in opposite directions, i.e. one party registers an increase and the other registers a decrease. Whether "debit" or "credit" indicates an increase depends on the nature of the account and the nature of the economic content recorded.

In general, increases in asset, cost and expense accounts are indicated by "debit" and decreases are denoted by "credit"; Increases in liabilities, owners' equity, and income accounts are indicated by "credits" and decreases are represented by "loans". The structure of the allowance account is the opposite of that of the adjusted account.

The words "borrow" and "loan," which were originally limited to recording claims and debts, can no longer summarize the entire content of economic activities.

The content of it should include the ins and outs of the changes in the movement of all economic activities and funds, which gradually lost their original literal meaning and turned into a simple bookkeeping symbol, which only indicates the direction of bookkeeping and has become a special accounting term.

Accounting voucher refers to the accounting voucher filled in by the accountant according to the original voucher that is audited and correct, classified according to the content of the economic business and determined the accounting entries, so what is the meaning of the credit and credit on the accounting voucher?

The meaning of borrowing and changing the credit of dust on the accounting voucher.

The debit on the financial accounting voucher is the accounting symbol, which represents the left and right sides of the account, respectively. Whether "debit" means an increase or "credit" means an increase depends on the nature and structure of the account.

The bookkeeping rules for the asset class account structure: debit plus credit minus, and the balance is on the debit side.

The bookkeeping rules for the structure of the liability account: credit plus debit minus, and the balance is on the credit side.

The bookkeeping rules for the owner's equity account structure: credit plus debit minus, and the balance is on the credit side.

The bookkeeping rules for income accounts in profit and loss accounts: add and debit in credit verification, and there is no balance at the end of the period. Accounting rules for expense accounts: debit plus credit minus, no balance at the end of the period.

Accounting rules for cost accounts: debit plus credit minus, and the balance at the beginning and end of the period is debited.

How to fill in the credit side of the accounting voucher?

1. The accounting subjects involved in various economic operations during the summary period should be filled in the "Accounting Subjects" column;

2. According to all the accounting vouchers in the summary period, add up the debit amount and credit amount respectively according to the accounting account, and fill in the "debit amount" and "credit amount" columns of the corresponding account line;

3. Summarize the debit amount and credit amount of all ledger accounts that have been summarized, and carry out the trial balance of the amount.

Note: The preparation time of the account summary table can be five days, ten days, fifteen days, and a month summary, in the process of processing, the setting and registration of cash journals, bank deposit journals, various sub-ledgers and the setting of the general ledger are the same as the accounting procedures of accounting vouchers.