Debit credit accounting

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Debit vs credit are terms used in double entry bookkeeping. They refer to entries made in accounts to reflect the financial transactions of a business. The terms are often abbreviated to Dr (Debit) and CR (Credit). #bookkeeping #accounting Double Entry Bookkeeping, Aat Accounting Level 2, Double Entry Accounting, Debit Credit Accounting, Accounting Terms, Commerce Notes, Cpa Exam Studying, Accounting Exam, Accounting Notes

Debit vs credit are terms used in double entry bookkeeping. They refer to entries made in accounts to reflect the financial transactions of a business. The terms are often abbreviated to Dr (Debit) and CR (Credit). #bookkeeping #accounting

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Our Explanation of Debits and Credits describes the reasons why various accounts are debited and/or credited. For the examples we provide the logic, use T-accounts for a clearer understanding, and the appropriate general journal entries.

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