Just think of a debit as a debt-and that means you owe which would decrease your mu-la/money account and
just think of credit like a credit card when you get a credit card it increases your mu-la/money which means you have more to spend.
debit decreases= dd
credit increases=ci
Sista C
2007-03-01 16:28:54
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answer #1
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answered by sista c 3
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In order to increase an Accounts Receivable account, you debit it. Just like any other asset. Your entry for recording an accounts receivable would be to credit a sales account and debit the accounts receivable. When you receive the money you debit your cash (to increase that asset) and credit the accounts receivable (to decrease it since you are no longer owed the money).
2007-03-01 16:36:24
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answer #2
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answered by k_hart100 3
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Accounts receivable is an asset. A debit will increase accounts receivable balance, & a credit will decrease it.
2007-03-01 16:36:16
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answer #3
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answered by Salman Gul 1
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