قيدان في دفتر اليومية، المدين أولًا

In this video, you will record two transactions using debits and credits.

Question number one. January third, the owner invested ten thousand dollars cash.

Cash is an asset, and Owner's Capital is equity. The investment increases both assets and owner's equity. An asset increase is a debit; an equity increase is a credit.

Debit Cash ten thousand dollars. Credit Owner's Capital ten thousand dollars.

Debits equal credits: ten thousand dollars each.

Question number two. January seventh, bought supplies on account for eight hundred dollars.

On account means you owe the supplier; no cash is paid now. Supplies is an asset, and Accounts Payable is a liability. Both the asset and the liability increase.

An asset increase is a debit; a liability increase is a credit. Debit Supplies eight hundred dollars. Credit Accounts Payable eight hundred dollars.

Debits equal credits: eight hundred dollars each.