Some Terms in accounting

1Loan and loan terms:

Borrow (debit): debit, referred to as D.

Loan (credit): credit, referred to as C.

 

2, Debit, credit balance, balance difference, two-way balance:

Debit balance:It refers to the debit balance. Borrow (debit balance): reduce the debit balance, borrow (debit balance), and increase the debit balance.

Credit balance:It refers to the credit balance. Borrow (credit balance): increase the credit balance; credit (credit balance): decrease the credit balance.

Balance difference:The lending direction varies depending on the balance.

Two-way balance:There are balances in both directions.

For example, the debit account "short-term lending of 151"; the debit account "loan interest income of 135"; the credit account "loan interest income of 511 ".

1. Short-term loan lending:

Borrow: short-term loan account 151 (reduced by 151 account balance)

Loan: external account Account

2. Short-term loan repayment:

Borrow: external account subject

Loan: short-term loan account 151 (increase the account balance by 151)

Loan: Loan Interest income account 135 (increase account balance by 135)

3. Accrued interest:

Borrow: Loan Interest income account 135 (reduced by 135 account balance)

Loan: loan receivables and interest income accounts of 511 (increase the account balance of 511)

4. Short-term loan repayment (including accrued interest ):

Borrow: external account subject

Loan: short-term loan account 151 (increase the account balance by 151)

Loan: Loan Interest income account 135 (increase account balance by 135)