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-   -   Debits and credits (https://www.askmehelpdesk.com/showthread.php?t=73357)

  • Mar 18, 2007, 01:33 PM
    jessicamas
    Debits and credits
    If I am buying a land for $2,000..
    What do I debit, and what do I credit?:confused:
  • Mar 18, 2007, 02:03 PM
    wontonsnowy
    Quote:
    Originally Posted by jessicamas
    If I am buying a land for $2,000..
    What do I debit, and what do I credit?:confused:
    Debit assets-land and credit cash or loans depending on how your paying for it
  • Mar 18, 2007, 04:00 PM
    CaptainForest
    Dr. Land 2,000
    Cr. Cash (if that is what you are using to buy it with) 2,000

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