Accounting

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  • Sir, that would go into your cash account  on the debit (left) side
  • So if I deposit $3,000 into my company what account would that go to?
  • Alright Mr. Smith, that will go into Smith Capital account as credit (right) side
  • Chris I need $700 for personal expenses take it out of the Cash account
  • "Hi, is this Rent a center, just to confirm that we paid back or $5,000 debt for the furniture we bought  
  • Sir, we invested in publicity yesterday  an ad that will be great for the company
  • Yes, I saw our Advertising account had increased (debit side) by $250  
  • Sir, We sold $1,500 in tires today that will all go into the Revenue account on the credit (right)  side
  • That's great Chris, that Ad sure worked!
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