Guys if may hindi kayo maintindihan or naiintindihan, please let me know. Or kung may katanungan kayo, feel free to comment. Sml.
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SYSTEM OF BOOKKEEPING 1. Double Entry - views each transaction as having a two-fold effect on business value. When as amount is entered on the left side of an account, it is a debit and the account is to be debited. When an amount is entered on the right side, it is credited and the account is paid to be credited. The abbreviation for DEBIT and CREDIT are Dr. and Cr. Whether an increase in a given item is credited or debited depends on the category of the item. 2. Single Entry - another system of bookkeeping not double entry. Debit - means the left side of an account or to enter a figure in the left side of the account. Credit - means the right side of an account or to enter a figure on the right side of the account.
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Oops! Ang larawang ito ay hindi sumusunod sa aming mga alituntunin sa nilalaman. Upang magpatuloy sa pag-publish, subukan itong alisin o mag-upload ng bago.
Oops! Ang larawang ito ay hindi sumusunod sa aming mga alituntunin sa nilalaman. Upang magpatuloy sa pag-publish, subukan itong alisin o mag-upload ng bago.
Oops! Ang larawang ito ay hindi sumusunod sa aming mga alituntunin sa nilalaman. Upang magpatuloy sa pag-publish, subukan itong alisin o mag-upload ng bago.
(kadugtong to ng cash sa credit)
An account has a debit balance because when the sum of its debit exceeds the sum of its credits; it has a credit balance when the sum of the credits is greater. In the double entry accoubting, which is almost universal use, there are equal debit and credit entries for every transaction. Where there are only two accounts affected. the debit and credit amounts are equal. If more than two accounts are affected, the totalled debit entries must be equal to the total of the credit entries.
