Take the opportunity, credit, pay-as-you-go, and pay-as-you-go

The project involves taking advantage of the opportunity, credit, billing, and billing. The following is a record of Google's knowledge:

Explanation 1:

Lending refers to the increase in assets and the decrease in liabilities. lending is the opposite. don't think about the reason for borrowing and lending, which is not very relevant to the meaning of the word, mainly due to historical reasons in the early economic period. if the company buys raw materials for 100 yuan, the raw materials will become your assets. If it increases, it will borrow 100 of the raw materials (the materials worth 100 yuan )... at the same time, your other asset-the RMB is reduced by 100 yuan, so you need to keep it in credit, loan: 100 in cash (both the decrease in assets and the increase in liabilities are loans )... if you buy on credit, you will get a loan: Account Payable 100, because your debt plus the loan and loan are determined by the nature of the account, assets, the increase in the expense account is recorded by the debit, and the decrease is recorded by the credit. The increase in liabilities, income, and owner equity accounts is credited. The decrease is only a kind of accounting symbol, which has a deep meaning. In layman's terms, the addition of asset accounts is debit, And the reduction is credit. The opposite is true for liabilities and equity. It is a bit similar to our historical billing methods for "receiving" and "supporting" billing.

General understanding:

Debit: Borrow money from others and increase the amount of your account

Credit: give money to others and reduce the amount

Toward account: issued Accounting Information

Incoming account: received account information