A Conversation for The Basics of Double Entry Book-keeping

credit or debit

Post 1

Researcher 214179

Your entry list the following

Loan - £2000 Credit
Cash - £4500 Debit
Costs - £1500 Debit
Sales - £4000 Credit

Then you say that money coming in is Debit.
If one was to look at above list, the loan and sales is money coming in so should that not be debit??

Many thanks

credit or debit

Post 2

Researcher 214179

Please ignore my entry, having read the complete document, I'm now much wiser!!

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