[jewel6363]

Is there an example anywhere on here(or a good site to look at) of posting to accounts... I am working on a project and keep confusing myself on what should be posted as a credit and what should posted as a debit...
I would use my book but it has So many misprints in it that I am afraid I am changing things wrong because of it
Thanks

[Just Looking]

Assets and expenses are typically debit balances. Liabilities, equity, and revenue are typically credit balances.

For example, if you are told there is $1,000 in the cash account - it will be a debit.

Changes to accounts:
To increase an asset or expense, post a debit. To decrease it, post a credit.

For example, it you receive $100 in cash, you would debit cash and credit the applicable account. If you are writing off some Prepaid Insurance, you credit Ppd Insurance. This is because Prepaid Insurance is an asset and to decrease it (which you do to write some of it off to an expense) requires a credit.

To change liabilities, equity, or revenue:
Credit the account to increase it. Debit the account to decrease it.

If you'd like to ask some specific questions, please do. Tell us what you think you would do, and we'll let you know if that is correct.

[pready]

Here is something that will help you for your normal account balances:

D - Debits
E - Expenses
A - Assets
D - Dividends

C - Credits
U - Unearned Revenues
R - Revenues
L - Liabilities
S - Share Holders Equity/Owners Equity

For an account that has a normal debit balance a debit entry will increase the account balance, while a credit entry will decrease the account balance.

For an account that has a credit balance a credit entry will increase the account balance, while a debit entry will decrease the account balance.