UK Basic

[faisalzafar]

Please clarify me

If Debit means "What comes in then how following transaction in example justify

Example

Mark deposit money to bank US 1,000

Bank Entry

Bank A/C will credit with amount US 1,000

then how debit means "what comes in"

Regards

 

[Fidget]

Always: Debit the account that receives
Always: Credit the account that gives

 

[Mike Wilford]

" A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry.

A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account. "