In balance sheet, inventory etc.., why some amounts are written in debit while others in credit???

Answer 1

A balance sheet is a bookkeeping method to "balance" the business (or personal) monies.
In the DEBIT column, the OUTGO-amounts are listed. ("Debt")
In the CREDIT column, the INCOME-amounts are listed. (Credited amounts.)

In every business and personal account, we have INCOME (credit) and OUTGO (debit.)
At periods (commonly monthly) the bookeeper is asked to make a tally of all the expenses and incomes during the month.
All that they need to do is add up each column and WHALAH! They have a monthly total. If the income is bigger, then you did GOOD! - If the outgo is bigger, then Uh oh-h-h-h-h-h! :-(

Answer 2

Debits and credits on the balance sheet add up to the same as each other so it is in balance.
Assets like Cash, receivables, capital equipment and all that are assets are Debits. On the same side as assets you will see some credits to offset the assets like accumulated depreciation to reflex that asset isn't worth as much as you paid for it. On the other side are liabilities like payables, loans and taxes that are waiting to be paid. The difference between the assets and liabilities is what the company is worth or Equity, it is a credit because it with the liabilities add up to the Assets. Debits aren't good or bad equity is a good thing and a credit balance, cash is a good thing and a debit balance. On the income statement sales are a credit and expenses are debits so you can see neither is good or bad they simply offset each other.

Answer 3

This is standard accounting practice. You need to know that there are three types of items on a balance sheet - Assets, liabilities, and owner's equity. This is actually an equation. Assets equals liabilities plus owner's equity. Assets are the things that you own, such as cash. Liabilities are things that you owe like money to creditors. Owner's equity is ownership in the business, like stock. A debit increases the amount of an asset, but decreases the amount of a liability or equity. Conversely, a credit decreases an asset and increases the liability or equity. It sounds complicated but it's really not. Check out this website if you want more explanation.

http://www.studyfinance.com/lessons/finstmt/index.mv