 Does getting a ticket for marijuana possesion affect my credit rating? |
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 My boyfriend is unable to pay student loans, his co-signer passed away. Who will they go after to get the mon |
| He can't repay it all but his grandmother was co-signer and she passed away. Does the debt then go to his grandmother heirs?... |
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 What should I do, Credit problems.? |
Please only serious honest answers.
My husband recently joined the army and we need to get out of debt or atleast make good on what we owe others. Peace of mind and its the right thing to do. W... |
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 Disputing items on credit report. i was born on 07/26/1989 and just turned 18 last summer. however i somehow? |
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 I am new to credit... what card should I apply for? |
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 I ran my credit report on freecreditreport.com...? |
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 Which way should I go bankruptcy or reposession? |
| Due to the economy I am no longer able to afford my mobile home note. We have made the decision to move in with my mother to consolidate living expenses in a traditional house that is already paid ... |
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| L.A. Fitness will not stop debiting my account even though I cancelled my membership.? |
| I have tried to cancel the credit card, but they won't do it unless I have 30 days without charges, and that won't happen because L.A. Fitness continues to debit it. What can i do?... |
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 If i have money from another country? |
| I have some money from jamaica and the dominican republic, can I get U.S dollars for this? if so where?... |
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 Using A Credit Card To Help Pay My Tuition? |
| I just saw on my tution bill, an extra 1300 bucks, No really idea how to cover it. My Work Study is only worth 1100. I just got a new credit card offer for 0% apr until december 2007. Now that doesn&#... |
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 Online payday loans please help 10 points for best answer? |
im thinking of applying for an online payday loan but theres so many site's which is the best site to get a loan i dont wanna get ripped off!! any suggestions? please add links
thank you :)... |
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 I just checked my annual credit report and I have a question I hope you can answer? |
I still have some adverse accounts from the past. In other words, some medical bills that are in collections that I have not paid in years.
My question is, will the collection agencies be ... |
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 What do i look for when purchasing a credit card? |
| I already have a debit card but I think im going to need a credit card or college please help.And do i need to find a low apr or a high which one is better 0% is bad right.... |
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 Merchant refuses to accept credit card even though card sign displayed? |
| A coffee shop had credit card symbols on it glass -- visa, mastercard, american express. So i asked for a coffee, and just as i was about to hand my american express card for payment, the cashier ... |
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 Help help help!!!!? |
| me and my partner need to get a loan but we have got bad credit, does anyone know of any good loans which will give us a loan?... |
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 Debt acquired BEFORE marriage? |
| Long story short, I'm engaged & my fiance' has accumulated close to $35,000 worth of debt. Would credit card companies, etc. be able to legally come after me once we're married to ... |
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 How do i get $30 in 2 weeks? |
| i know i get very little money so plz dont say anything ... |
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srikanth | Why do we always debit all expenses? |
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 |
 
swati
 |
Debit-increase to a Property (Asset) or a decrease to Property Rights (Liability or Equity)
Credit-decrease to a Property (Asset) or an increase to Property Rights (Liability or Equity)
The term debit refers to the left side of an account and credit refers to the right side of an account. A debit is always entered in the left hand column of a a Journal or Ledger Account and a credit is always entered in the right hand column. Debit is abbreviated Dr. and credit is abbreviated Cr.
When you post (record) an entry in the left hand column of an account you are debiting that account. Whether the debit is an increase or decrease depends on the type of account. Likewise, when you post (record) an entry in the right hand column of an account you are crediting that account. Whether the credit is an increase or decrease depends on the type of account.
A Debit is any of the following
* an increase in an asset item
* a decrease in a claim item
* an increase in an expense or draw item
* a decrease in a revenue item A Credit is any of the following
* a decrease in an asset item
* an increase in a claim item
* an increase in a revenue item
* a decrease in an exoense or draw item
* Our Simple Debit / Credit Rule: All Accounts that Normally Have a Debit Balance those on the Left Side of our Reorganized Equation are Increased with a Debit and Decreased with a Credit
o Assets
o Expenses
o Draws
* All Accounts that Normally have a Credit Balance those on the Right Side of our Reorganized Equation are Increased with a Credit and Decreased with a Debit
o Liabilities
o Owner's Equity ( Capital )
o Revenue
Our Detail Debit and Credit Rules
Account Type Debit Credit Normal Account Balance
Assets
Liabilities
Owner's Equity
Revenue
Expense
Draw Increase
Decrease
Decrease
Decrease
Increase
Increase Decrease
Increase
Increase
Increase
Decrease
Decrease Debit Balance
Credit Balance
Credit Balance
Credit Balance
Debit Balance
Debit Balance
A debit increases an asset while a credit decreases an asset.
A debit decreases a liability while a credit increases a liability.
A debit decreases owner's equity while a credit increases owner's equity.
A debit decreases revenue while a credit increases revenue.
A debit increases an expense while a credit decreases an expense.
A debit increases a draw while a credit decreases a draw. |
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boxersgirlbunny
|
Debit and credit are different as far as accounting terms. Someone should rename these terms. I had a very hard time learning to debit expenses and credit income. That is not right! |
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Ashish G
 |
As per rules of Accounting
Debit Expenses
and credit Incomes |
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Canadian Bacon
|
Because revenues are credited. Don't overthink the matter, it's trivial. |
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abcdefg
 |
why dont we call our left hand as right hand? |
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Nandu
|
Briefly - Golden Rules of Accounting
In case of Real Account
Debit- what Comes In
Credit- What Goes out
In Case of Personal Account
Debit- The Receiver
Credit- The Giver
In Case of Fictitious Account
Debit-All Expenses and Loss
Credit-All Incomes and Gains |
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Prasun Saurav
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Costs and expenses are normally debits. You debit the expense account and credit the way it was paid (as in the checking balance or cash) or not paid (as in Accounts Payable). |
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dynamite360
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according to the news and a article i read that u should use credit over debit cause the stores make more money off of ur credit cards... |
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keral
|
who credit it? |
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bhavneet kaur
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Debit- what Comes In
Credit- What Goes out
so,expense are debit ,and income are credit |
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