Firstly, you need to identify number of accounts involve in the particular transaction. After identifying account involve in business transaction, you must debit one account and must credit other account.
Any (+) Increase in Assets, Drawing, Expenses i.e. increase in [ADE] always DEBIT
Any (+) Increase in Liabilities, Capital, Income i.e. increase in [LCI] always Credit
DR. and CR. are used as short form of debit and credit.
To debit an account means to enter an amount on the left side of the journal.
To credit an account means to enter an amount on the right side of journal book.
| Date | Particular | L.F. | Amount Dr | Amount Cr |
