07-11-2007, 12:01 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by uvahidy</i>
<br />simple increase in asssets or expenses = debit
decrease in asssets or expenses = credit
increase in income or liabilities = debit
decrease in income or liabilities = credit
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
oh sorry it's not so simple
increase in asssets or expenses = debit
decrease in asssets or expenses = credit
increase in income or liabilities = credit
decrease in income or liabilities = debit
what do i understand from dr. and cr. that there is no as such logic behind these words literally , these are just like function #1 and function #2 , there are certain happinings u should use functoin #1 for them and for others use function #2, their literally meanings can confuse.
<br />simple increase in asssets or expenses = debit
decrease in asssets or expenses = credit
increase in income or liabilities = debit
decrease in income or liabilities = credit
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
oh sorry it's not so simple
increase in asssets or expenses = debit
decrease in asssets or expenses = credit
increase in income or liabilities = credit
decrease in income or liabilities = debit
what do i understand from dr. and cr. that there is no as such logic behind these words literally , these are just like function #1 and function #2 , there are certain happinings u should use functoin #1 for them and for others use function #2, their literally meanings can confuse.
