Debit refers to the debit side, an accounting account that shows an increase on the asset side or a decrease on the liability side. A credit is a credit, indicating a decrease in assets or an increase in liabilities.

Debit

(1) For asset and expense accounts (such as cash, bank deposits, materials, fixed assets, receivables, management expenses, main business costs, etc. ), "borrow" means add;

(2) For liabilities, owners' equity, income accounts (such as accounts payable, long/short-term loans, main business income, paid-in capital, current year Profit, etc.), "borrowing" means subtracting.

Lenders

For liabilities, owners’ equity, and income accounts (such as accounts payable, long/short-term loans, main business income, paid-in capital, profits for the year, etc.), "Lending" means adding.

For asset and expense accounts (such as cash, bank deposits, materials, fixed assets, receivables, management expenses, main business costs, etc.), "credit" means minus.

Bank account is the general term for deposit accounts, loan accounts, and current accounts opened by customers in banks. In our country, according to regulations, all state agencies, groups, troops, schools, enterprises and institutions must open bank accounts. According to different uses, bank accounts can be divided into three categories: basic accounts, special accounts and auxiliary accounts.

In the accounting organization of bank accounting, in order to ensure the authenticity, completeness and correctness of the account books and records, the detailed ledger accounts and general ledger accounts are set up, which are important for banking business and financial activities. Detailed and summarized classification records and reflections of the source of funds and application of funds.

Reference: Baidu Encyclopedia entry bank account