1. Lending and Lending: it is the accounting symbol in the accounting and lending method. Regardless of the industry, accounting methods, accounting principles, and accounting rules are the same. As long as you have mastered the rules of the debit and loan accounting method, all other problems will be clarified.
2. view the account structure of the lending and accounting method
The basic structure of the lending account is as follows: the borrower is on the left and the lender is on the right. However, the number of registered accounts increases and the number of registered accounts decreases depending on the economic content of the account. There are four types:
(1) asset account: increase the amount of debit and decrease the amount of credit. If there is any balance at the end of the period.
(2) equity (liabilities and owner's equity) accounts: increase the amount to the credit, decrease the amount to the debit, and if there is a balance at the end of the period to the credit.
(3) cost and expense account: the increase amount is recorded by the debit, and the decrease or conversion amount is recorded by the credit. After the fee is carried forward, there is generally no balance, and if there is any balance in the debit.
(4) income and profit accounts: increase the amount to the credit, reduce or convert the amount to the debit, and there should be no balance at the end of the period after the carry-over of income and profit.
3. From the billing rules of the lending and accounting method
The billing rules of the lending and accounting method are "borrow, borrow, and borrow ".
4. From the trial calculation balance of the lending and accounting method
According to this principle and the requirements of accounting rules, the accounting entries for each economic business are equivalent to borrowing, so when all the economy is recorded in the account, the total amount of the current debit account and the total amount of the current credit account must be equal; the total amount of the end debit account and the total amount of the End Credit must be equal.
Source: Accounting Knowledge Network
