What is the understanding of debit and credit in bookkeeping?

Borrowing is just a bookkeeping symbol...

Borrow: Inflow of Funds Loan: Outflow of Funds.

Borrow one to receive the money, loan one to pay'`

"Debit" and "credit" are used as accounting symbols, "debit" is used to indicate the increase of capital occupation and decrease of capital **, and "credit" is used to indicate the increase of capital ** and decrease of capital occupation. Debits and credits have no practical meaning in accounting, and are only used as symbols for bookkeeping; In general, the "debit" is on the left side of the account; "Credit" is on the right side of the account.

Debit bookkeeping is a type of double-entry bookkeeping. It is a scientific double-entry accounting method that takes "debit" and "credit" as the accounting symbols, takes the accounting equation of "assets and liabilities + owners' equity" as the theoretical basis, and takes "there must be credit, and the loan must be equal" as the accounting rules.

The debit side indicates an increase in assets, an increase in the opening and closing balances of assets, a decrease in liabilities, a decrease in owners' equity, an increase in expenses, and a decrease in income.

The credit side indicates the increase in liabilities, the opening and closing balances of liabilities, the increase in owners' equity, the opening and closing balances of owners' equity, the decrease in assets, the decrease in expenses, and the increase in income.

Legal Analysis: Borrowing in accounting is a term in accounting that indicates the direction of bookkeeping. Borrowing generally represents an increase in assets, expenses, and costs, and a decrease in liabilities, income, and owners' equity.

Credit, generally represents an increase in liabilities, income, and owners' equity, as well as a decrease in assets, expenses, and costs.

Legal basis: Article 669 of the Civil Code of the People's Republic of China When entering into a loan contract, the borrower shall, as required by the lender, provide the true information about the business activities and financial status related to the loan.

Borrowing in accounting is a term in accounting that indicates the direction of bookkeeping.

Debits and credits in accounting are meaningless in themselves, just pure bookkeeping symbols that indicate the bookkeeping direction of the increase or decrease of accounting elements. Whether "debit" or "credit" indicates an increase depends on the nature and structure of the account.

1.Borrow: generally indicates the increase in assets, expenses, and costs; Reduction in liabilities, revenues, owners' equity.

2.Credit: generally indicates the increase in liabilities, income, and owners' equity; Reduction of assets, expenses, costs.

Dear, old trembling hello, I am happy to answer for you, clear answer: bookkeeping debit and credit representation: debit and credit in accounting indicate the increase or decrease of accounting elements in the direction of the remaining account.

Whether "debit" or "credit" indicates an increase depends on the nature and structure of the account. 1.Borrow:

Generally, it indicates an increase in the property, expenses, and costs of the state; Reduction in liabilities, revenues, owners' equity. 2.Credit:

It generally indicates an increase in liabilities, income, and owners' equity; Reduction of assets, expenses, costs.

<>borrowing" indicates the destination, purpose, existing state, and end state of the capital movement; "Credit" indicates the **, original state, and starting point state of the capital movement. The "debit" and "credit" of accounting loans are used as bookkeeping symbols to reflect the increase and decrease of economic business.

The object of loan bookkeeping is no longer limited to creditor's rights and debts, but has been expanded to record the increase and decrease of property and materials and calculate the profit and loss of economic and commercial operations. Under the 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 debit side and the credit side reflect the increase or decrease nature of the change in the number of accounting elements is not fixed. The content registered by the borrower of the account varies depending on the nature of the account.

The debit and credit sides of accounting both indicate the direction of bookkeeping, the debit side indicates an increase for asset and expense accounts, and the credit side indicates an increase for liabilities, owners' equity, and income accounts. Debit items are usually recorded on the left and credits on the right. The result of each transaction is recorded in at least one debit and one credit account, and the total amount of the borrower and borrower sides of the transaction is equal.

The credit and debit accounting method refers to a double-entry bookkeeping or Jianchang Fangliang Zen method that uses the accounting equation as the bookkeeping principle and the debit and credit as the bookkeeping symbols to reflect the increase and decrease of economic business. The credit and debit accounting method requires that there must be a loan, and the loans must be equal, which can be expressed by a formula.

In financial accounting, debits and credits represent a type of accounting symbol. Debit accounting is a kind of double-entry accounting method with "debit" and "credit" as accounting symbols. Under debit and 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 the debits and credits indicate an increase or decrease depends on the nature of the account and the nature of the economic content recorded. Typically, increases in asset, cost and expense accounts are debited and debited, while increases in liability, owner's equity and income are credited and debited.

The words "borrow" and "loan" are used to record the increase and decrease of monetary funds, property and materials, operating profits and losses, and operating capital. or changes in the number of additions and decreases. In this way, the words "borrow" and "credit" gradually lost their original meanings, and were only used as pure bookkeeping symbols to indicate the direction of bookkeeping.

The nature of the accounting elements reflected in each account is determined by the nature of the accounting elements reflected in each account.

The debit side of the asset class account records the increase in the assets of the enterprise, the credit side records the decrease of the assets, and the balance generally appears on the debit side of the record of the increase, indicating the amount of assets actually owned by the enterprise at a certain point in time at the end of the period. The formula for calculating the closing balance of an asset class account is as follows: Closing balance of an asset class account = opening balance of the debit side + amount incurred in the current period of the debit amount incurred in the current period of the credit account.

The specific structure of liabilities and owners' equity accounts is completely identical, with the debit side of these two types of accounts recording the decrease of the relevant accounting element items, the credit side recording the increase, and the balance generally appearing on the credit side, reflecting the actual amount of debts assumed by the enterprise and the net assets owned by the owner. The formula for calculating the closing balance of liabilities and owners' equity accounts is as follows: liabilities and owners' equity credit closing balance = credit opening balance + credit current amount - debit current amount.

The basic structure of the cost account is broadly the same as that of the asset account.

Profit and loss accounts can be divided into income accounts and expense accounts according to their different natures.

The structure of the income account is broadly the same as that of the liability and owner's equity account.