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What is the difference between a debit and a debit balance?

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تم إضافة السؤال من قبل Rana Alnajjar , Web developer , Lebcards
تاريخ النشر: 2016/12/11
Ahmed Ezzat Mohamed Nasr
من قبل Ahmed Ezzat Mohamed Nasr , Finance Director , M. Alriyadh Co. (Group of Co.)

Thank you for your kindness invitation.

 

I'm fully agree with previous and expert answers like Mr. Wilfredo

 

Regards

manseer muhammed ali
من قبل manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

A debit is an entry on the left side of an account. For example, the account Cash is debited when cash is received. ... Most asset accounts and expense accounts will have debit balances. If the Cash account had $394,000 of debit amounts and $395,000 of credit amounts, the Cash account will have a credit balance of $1,000.

Nazmul Islam CMA
من قبل Nazmul Islam CMA , Manager , Robi Axiatal Ltd.

Debit refers to an entry side whereas debit balance refers to an excess entry side.

Abdullah Aziz Eldain Morsi  Elgendy -        CMA  Candidate
من قبل Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies

fully accepted with previous answers

Wilfredo Quito
من قبل Wilfredo Quito , Accounting Manager , DDC LAND INC.

 

A debit is an entry on the left side of an account. For example, the account Cash is debited when cash is received. The account Cash will be credited when cash is paid out. (A credit is an entry on the right side of an account.)

If a company's Cash account has $4,000 of debit amounts and $2,000 of credit amounts, the Cash account will have a debit balance of $2,000. Most asset accounts and expense accounts will have debit balances.