Debit And Credit - an explanation

 Debit And Credit

Assalamualaikum WBT & Good day to everyone

Today I would like to explain the debit and credit meaning in the accounting world.

Debit is an accounting that refers to the entry on the debit side of accounts.

Debit entry will cause the following changes in the accounts 

1. Increase the total assets

2. Decrease the total liability or equity.

3. Increase expenses

4. Decrease income.

On the contrary, credit is the opposite of debit. Credit refers to the entry 

on the credit side

of accounts.

Credit entry will eventually cause the following effects;

1. Decrease the total assets

2. Increase the total liability or equity.

3. Decrease expenses

4. Increase income.

That's all folks.

Thank you.

𝐌𝐎𝐑𝐀𝐓𝐎𝐑𝐈𝐔𝐌 𝟑.𝟎 (𝐓𝐀𝐍𝐏𝐀 𝐒𝐘𝐀𝐑𝐀𝐓) - 𝗟𝗶𝗻𝗸 𝘂𝗻𝘁𝘂𝗸 𝗠𝗼𝗿𝗮𝘁𝗼𝗿𝗶𝘂𝗺 𝗔𝘂𝘁𝗼 𝗔𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝗕𝟰𝟬/𝗠𝟰𝟬/𝗧𝟮𝟬

 

𝐌𝐎𝐑𝐀𝐓𝐎𝐑𝐈𝐔𝐌 𝟑.𝟎 (𝐓𝐀𝐍𝐏𝐀 𝐒𝐘𝐀𝐑𝐀𝐓)

𝗟𝗶𝗻𝗸 𝘂𝗻𝘁𝘂𝗸 𝗠𝗼𝗿𝗮𝘁𝗼𝗿𝗶𝘂𝗺 𝗔𝘂𝘁𝗼 𝗔𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝗕𝟰𝟬/𝗠𝟰𝟬/𝗧𝟮𝟬 :

1. Moratorium 𝙈𝙖𝙮𝙗𝙖𝙣𝙠

https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/announcements/2020/March/announcement_financial_relief_scheme.page

2. Moratorium 𝘽𝙖𝙣𝙠 𝙍𝙖𝙠𝙮𝙖𝙩

https://cv19-support.bankrakyat.com.my/

3. Moratorium 𝘽𝙖𝙣𝙠 𝙄𝙨𝙡𝙖𝙢

https://vao.bankislam.com.my/ppb/

4. Moratorium 𝘾𝙄𝙈𝘽

https://www.cimb.com.my/covid19support

5. Moratorium 𝘽𝙎𝙉

https://www.bsn.com.my/page/TRA

6. Moratorium 𝙋𝙪𝙗𝙡𝙞𝙘 𝘽𝙖𝙣𝙠

https://www.pbebank.com/Others/COVID-19.aspx

7. Moratorium 𝘼𝙢𝙗𝙖𝙣𝙠

https://www.ambank.com.my/eng/targeted-repayment-assistance

8. Moratorium 𝙍𝙃𝘽

https://www.rhbgroup.com/malaysia/campaigns/PostMoratoriumEForm?_ga=2.202856849.1410897864.1622574747-1382388922.1622574747

9. Moratorium 𝘼𝙛𝙛𝙞𝙣 𝘽𝙖𝙣𝙠

https://www.affinbank.com.my/Others/Financial-Assistance-Instalment-Relief-(FAIR)-Prog.aspx?lang=ms-MY

10. Moratorium 𝙈𝘽𝙎𝘽

https://www.mbsbbank.com/bm/notices/moratorium

11. Moratorium 𝘽𝙖𝙣𝙠 𝙈𝙪𝙖𝙢𝙖𝙡𝙖𝙩

https://map.muamalat.com.my/

12. Moratorium 𝙆𝙪𝙬𝙖𝙞𝙩 𝘽𝙖𝙣𝙠

https://www.kfh.com.my/malaysia/personal/announcements/KFH-RAP.html

13. Moratorium 𝘾𝙞𝙩𝙞𝘽𝙖𝙣𝙠

https://www.citibank.com.my/english/forms/moratorium-restructure-V2/index.html

14. Moratorium 𝘼𝙡𝙡𝙞𝙖𝙣𝙘𝙚 𝘽𝙖𝙣𝙠

https://www.allianceonline.com.my/personal/loan_moratorium/loan_moratorium.do

15. Moratorium 𝘼𝙜𝙧𝙤𝘽𝙖𝙣𝙠

https://www.agrobank.com.my/my/bbb/

16. Moratorium 𝙃𝙤𝙣𝙜 𝙇𝙚𝙤𝙣𝙜 𝘽𝙖𝙣𝙠

https://www.hlb.com.my/en/personal-banking/news-updates/hlb-payment-relief-assistance-plan.html

17. Moratorium 𝙎𝙈𝙀 𝘽𝙖𝙣𝙠

https://smebank.com.my/en/financing-payment-assistance

18. Moratorium 𝙎𝙩𝙖𝙣𝙙𝙖𝙧𝙙 𝘾𝙝𝙖𝙧𝙩𝙚𝙧𝙚𝙙 𝘽𝙖𝙣𝙠

https://www.sc.com/my/important-information/covid-19/

19. Moratorium 𝘼𝙡 𝙍𝙖𝙟𝙝𝙞 𝘽𝙖𝙣𝙠

https://www.alrajhibank.com.my/page/financial-relief/financial-assistance

20. Moratorium 𝙐𝙊𝘽 𝘽𝙖𝙣𝙠

https://www.uob.com.my/default/covid-updates/covid-relief-assistance.page

21. Moratorium 𝙊𝘾𝘽𝘾 𝘽𝙖𝙣𝙠

https://www.ocbc.com.my/personal-banking/Loans/moratorium/index.html

22. Moratorium 𝙋𝙏𝙋𝙏𝙉

https://www.ptptn.gov.my/penangguhanpkp3.0/

.

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𝙃𝙖𝙨𝙗𝙪𝙣𝙖𝙡𝙡𝙖𝙝 𝙬𝙖𝙣𝙞𝙠𝙢𝙖𝙡 𝙬𝙖𝙠𝙞𝙡..

ꜱᴇᴍᴏɢᴀ ᴜʀᴜꜱᴀɴ ᴋɪᴛᴀ ꜱᴇᴍᴜᴀ ᴅɪᴘᴇʀᴍᴜᴅᴀʜ ʜᴇɴᴅᴀᴋɴʏᴀ

ᴀʟʟᴀʜᴜᴍᴍᴀ ᴀᴍɪɴ

Credit to RK