{"id":3459,"date":"2012-10-24T07:40:16","date_gmt":"2012-10-24T05:40:16","guid":{"rendered":"http:\/\/www.officetodo.com\/public\/?p=3459"},"modified":"2012-11-13T20:22:34","modified_gmt":"2012-11-13T18:22:34","slug":"debit-credit","status":"publish","type":"post","link":"https:\/\/www.officetodo.com\/public\/debit-credit\/","title":{"rendered":"Debit-Credit"},"content":{"rendered":"<p>No, not debit or credit card, but your accounting debits and credits. You may also say they\u2019d be your assets and liabilities because with debits and credits you\u2019re \u201ccreating\u201d your balance sheet and income statement. Normally and simply put with the debit side of an entry you increase assets or decrease liabilities and vice a versa with the credit side. <!--more--><\/p>\n<p>How debit and credit work is that the total of each side needs to be balanced \u2013 as the assets are to equal with liabilities and equity \u2013 it\u2019s your assets versus someone else\u2019s assets and investments into your company. They\u2019re always to equal.<\/p>\n<p>When we talk about debits and credits what we mean is exactly that \u2013 your entries onto accounts on your financial statements \u2013 assets and liabilities, income and expenses. We\u2019ll define the terms in more depth later on and also give you lots of example entries in our course about basic accounting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No, not debit or credit card, but your accounting debits and credits. You may also say they\u2019d be your assets and liabilities because with debits and credits you\u2019re \u201ccreating\u201d your balance sheet and income statement. Normally and simply put with the debit side of an entry you increase assets or decrease liabilities and vice a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,35],"tags":[],"class_list":["post-3459","post","type-post","status-publish","format-standard","hentry","category-1-basic-accounting","category-1-7-basic-entries"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=3459"}],"version-history":[{"count":3,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3459\/revisions"}],"predecessor-version":[{"id":3463,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3459\/revisions\/3463"}],"wp:attachment":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=3459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=3459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=3459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}