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Jez
Lv 5
Jez asked in Business & FinanceOther - Business & Finance · 4 years ago

Examples of debits and examples of credits?

I've forgotten a lot of my basics in bookkeeping so could someone please me some example of debits and examples credits in bookkeeping?

4 Answers

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  • olliver
    Lv 6
    4 years ago
    Favorite Answer

    DR: Cash

    CR: Accounts receivable

    Receipt of cash from a customer

    Source(s): http://www.double-entry-bookkeeping.com/double-ent...
  • stephieSD
    Lv 7
    4 years ago

    Credits are funds received by you. If a client paid $5000 for services received, that's a credit.

    A debit is money that you pay out. An employee's paycheck is a debit.

    Credit = money in; account balance INcreases

    Debit = money out; account balance DEcreases

  • Alexander
    Lv 5
    4 years ago

    Google DEALOR accounting. That will answer the basics of determining the difference between debits, credits, and how to balance books.

  • ken truong
    4 years ago

    (typing...typing......deleting) never mind, I dont feel like giving you a whole lecture on accounting 101. Try google

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