Why is a debit card called a debit card? And credit card is called credit card?

The so-called "borrow" or "loan" is from the bank's perspective.

What is the meaning of borrowing and lending in accounting? a better distinction between borrowing and lending

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Conclusion: lending can only represent One Direction! Different subjects have different meanings.

Borrow: Enter

Loan: Out

Lending is only a professional symbol in accounting. The meaning of lending in daily life is as follows: housing loan. You borrow money from a bank. A bank is a lending party (that is, a lender ). The "borrow and loan" in accounting can be understood in daily life as follows: 1. with the mortgage, you bought a new house with the mortgage, and your assets increased, that is, "borrow" the new house. At the same time, the money you borrowed from the bank has increased your debt, that is, "loan" debt. 2. if the price of your new house has risen, your new house's assets will be reduced, that is, the new house will be "loaned". At the same time, your mortgage will be paid off, that is, "borrow" debt, the difference you make, that is, "borrow" cash. That is to say, for your assets (fixed such as houses and cars: flowing such as cash and bank deposits), it can be understood that "borrowing" is an increase, "loan" is a reduction; for your liabilities (such as mortgages, loans, unpaid utilities, and property fees), it can be understood that "loan" is an increase, and "borrow" is a decrease;

Don't remember how complicated it is. Don't consider the actual meaning of lending. As long as it is a symbol, I recommend you use the classification method to remember it, which may be more convenient. There are only two types of subjects in all five categories: 1. The borrower represents an increase, and the lender represents a decrease in expenses in the asset class, cost class, and profit and loss class. 2. The borrower represents a decrease, and the lender represents an increase in revenue in the debt class, owner equity class, and profit and loss class.