As a customer of a bank, the customer's account belongs to the "liability" subject in banking business.
That is: you deposit money in the bank and the bank accepts your money, which means that the bank owes you money. In the future, if you want to get the money back from the bank, the bank needs to pay unconditionally.
In the category of "liabilities", "debit" means decrease and "credit" means increase. Specifically:
I. Bank Debit Flow
In bank transactions, debit flow means account expenditure, that is, the bank takes your money out of your account, and after the debit is completed, the funds in the account decrease.
The forms of withdrawal mainly include: withdrawal, transfer, remittance and third-party deduction.
For example, in order to monitor the fund changes of your bank card in real time, you have handled the SMS reminder service, and the bank deducts two yuan from your account every month. This transaction belongs to the debit process.
Second, the flow of bank loans
All the flow of the lender means that the transaction is increasing, that is, the bank will record the money you received and deposit it in your account. After the credit transaction, your bank account balance has increased.
The main forms of deposit funds are: cash deposit, transfer and remittance. For example, the Social Security Bureau pays retirees monthly, and this income should be credited to the lender, which belongs to the lender.
Therefore, the account balance in the previous period+the credit amount in the current period-the debit amount in the current period = the current balance.
Debit of asset, cost and expense accounts means increase, and credit means decrease. If the debit has a balance, the expense account has no balance, and the balance of the asset and cost account must be in the debit. Credits in debt, owner's equity and income accounts indicate an increase, while debits indicate a decrease. If there is a balance, it must be in the lender, and the income account has no balance. If there is a balance in the debt and owner's equity account, it must be in the credit.
In fact, just remember that "the lender is the source of money and the borrower is the use of money".