tysonmd1
Jan 6, 2008, 06:45 AM
In double entry accounting what's a debit and what's a credit?
pready
Jan 6, 2008, 08:26 PM
In a T-Account there is the Left Side and a Right Side of the account. A Transaction of the left side is known as a Debit and a Transaction on the Right Side is known as a Credit.
In Double Entry Accounting the Debits must!! Equal the Credits.