1, debit
(1). For assets and expense accounts (such as cash, bank deposits, materials, fixed assets, receivables, management expenses, main business costs, etc.). ), "borrowing" means adding;
(2) For liabilities, owners' equity and income subjects (such as accounts payable, long/short-term loans, main business income, paid-in capital, profits for this year, etc.). ), "debit" means deduction.
2. In the balance of payments account, debit refers to items that reduce the foreign exchange stock, such as imports.
The correspond concept is credit,
For liabilities, owners' equity and income subjects (such as accounts payable, long/short-term loans, main business income, paid-in capital, current year's profit, etc.). ), "loan" means add.
For assets and expense accounts (such as cash, bank deposits, materials, fixed assets, receivables, management expenses, main business costs, etc.). ), "loan" means deduction;