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  • Debit Credit

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    Tanbir Ahsan Rubel
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    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
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    14 views1 page

    Debit Credit

    Uploaded by

    Tanbir Ahsan Rubel

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    DEBITS (DR) & CREDITS (CR)

    Financial Statement
    Balance Sheet

    ACCOUNT TYPE
    ASSET ie. Bank Accounts Accouts Receivable LIABILITY ie. Bank Loan Accounts Payable Government Payables EQUITY ie. Capital / Draw Current & Retained Earnings REVENUE ie. Sales Products EXPENSES ie. Productions costs Administrative costs Overhead, etc.

    ACCOUNT NORM DR

    INCREASE DR

    DECREASE CR

    CR

    CR

    DR

    CR

    CR

    DR

    CR

    CR

    DR

    Income Statement

    DR

    DR

    CR

    NOTE: GST on Sales Norm is a credit GST on Purchases Norm is a debit

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