CenterPoint Accounting - Debit/Credit Table for General Journal Entries
The following Debit / Credit Table can be used as a guideline to enter the amounts/quantities in the General Journal screen.
The Debit/Credit Table lists each account type as increase of the account/quantity and as a decrease of the account/quantity. The Debit column lists the combinations recorded as a Debit. The Credit column lists the combinations recorded as a credit.
The "+" sign indicates an increase to the account type. The "-" sign indicates a decrease to the account type.
Note: Quantities are entered the same way as the amounts in the transaction.
| DEBIT | CREDIT |
|---|---|
| + Asset | - Asset |
| + Inventory | - Inventory |
| + Work in Process | - Work in Process |
| - Liability | + Liability |
| - Owner Equity | + Owner Equity |
| + Expense | - Expense |
See Also