Business & economics · University
Debits, credits and journals · revision notes
A dated record of accounts and debit/credit amounts for a transaction.
Key ideas and conditions
Journal entry
A dated record of accounts and debit/credit amounts for a transaction.
Debit
The left side of a double-entry account.
Credit
The right side of a double-entry account.
Trial balance
A listing used to check that total recorded debits equal total recorded credits.
Explain without looking
- Give a short example showing how Credit would be used in practice.
- Summarize why Trial balance matters in the lesson “Debits, credits and journals”.
Further reading and review references
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