how can you determine what side is a debit and what side is a credit
A debit is an expense that is paid. A credit is income.
The following rules are applied to decide debit or credit side.
1.Debit what comes in and credit what goes out
2.Debit the receiver and credit the giver
3 Debit the expenses, losses and credit incomes and gains
The following rules are applied to decide debit or credit side.
1.Debit what comes in and credit what goes out
2.Debit the receiver and credit the giver
3 Debit the expenses, losses and credit incomes and gains