TJB Jesse: Created page with "A debit in accounting terms represents money coming into the business. === Always Debit Entries === The following transactions will always be recorded as debit entries: * '''Purchases''' - anything bought for resale or for use in manufacturing. * '''Expenses''' - any expenses related to running a business. * '''Assets''' bought - anything bought for use in the business like a laptop"

2025-08-14T08:01:48Z

Created page with "A debit in accounting terms represents money coming into the business. === Always Debit Entries === The following transactions will always be recorded as debit entries: * '''Purchases''' - anything bought for resale or for use in manufacturing. * '''Expenses''' - any expenses related to running a business. * '''Assets''' bought - anything bought for use in the business like a laptop"

New page

A debit in accounting terms represents [[money]] coming into the [[business]].

=== Always Debit Entries ===
The following [[Financial Transaction|transactions]] will always be recorded as debit entries:

* [[Purchase|'''Purchases''']] - anything bought for [[resale]] or for use in [[manufacturing]].
* [[Expense|'''Expenses''']] - any expenses related to running a [[business]].
* [[Asset|'''Assets''']] bought - anything bought for use in the business like a [[laptop]]

Debit - Revision history