Accounting Instructions
Credit Entries (Money Received):
- Revenue Accounts: Interest income, loan income
- Liability Accounts: Money borrowed, capital invested
- Capital Accounts: Owner investments
Debit Entries (Money Paid):
- Expense Accounts: Telephone, traveling, office expenses
- Asset Accounts: Purchases, advances given
- Loan Disbursements: Money lent to customers
Important: Enter either Credit Amount OR Debit Amount, not both. Choose the appropriate account category based on the nature of your transaction.