The Theory of Debit and Credit in Accounting

account called Bills account called Cash account I debit account one thousand account represents account shows accounts are deb Accrued Depreciation allowance for accrued balance sheet Bills Receivable bushel called Accrued Depre called Depreciation called Profit cash account charged or credited ciation class is Bills class of accounts count CREDIT IN ACCOUNTING credited a thousand credited directly DEBIT AND CREDIT debit this account debited one thousand dollars thirty days dred dollars erty account etor fictional novation five hundred dollars impersonal accounts item charged lars legal relation loss accounts manager matter of cash name of Cash object in opening open an account profit and loss property account propri proprietorship accounts regarded as property relation of debtor releases the proprietor represents the proprietor sand dollars second account sell the picture show sources subsidiary profit THEORY OF DEBIT third person thousand dol thousand dollars transaction UNIVERSITY OF CALIFORNIA worth one thousand