Debit Dr!

A debit is an accounting item that result in an increase in assets or decrease in corporate the liabilities. In basic accounting, debit is the credit balance that act in the opposite direction. For Example, if a company has to pay debts at the time of the equipment purchase, fixed assets and creditors are charged to the liabilities account according to the nature of the loan.
Debit is a function that found all double entry accounting system. For common log entry, all rates are placed as headlines, and all creditors are called debit lines. When using a T card, the debit rates is on the left side of the chart and the credit is correct. Debit and credit are used in the balance of the test, adjust the balance of the tests and make sure that all the entries are balanced. The total dollar amount of all debit must equal to the total dollar amount of all debit.
For accounts items, the debit balance is the financial amount on the left side of the G/L account.
Abbreviation of Debit balance:The abbreviation used for debit balance is "Dr".The debit balance is normal and is expected in the following accounts.
Assets account |Cash, accounts receivable, inventory, prepaid expenses, assets such as the building, land, furniture, equipment, etc. For example cash balance are the positive amount. ( Therefore, the cash deposit balance indicates the negative amount that could be a written check with an amount greater than the currently available amount).
Expense accounts and loss accounts |Problem of accounts and accounts losses such as cost of sales, salary cost, lease expenses, interest cost, loss of equipment sales, lost court proceeding. ( The debit balance of these accounts is the transferred to the owner's remaining revenue or the owner capital at the end of the each fiscal year).
Contra- revenue account |Cash accounts ( including the sales reviews, returns etc). (Debit balance in these accounts include of the report of the total sales and sales are transferred to capital account at the end of the each accounting period).
Contra- Liability account |Possible account such as the discount on effects toolbox. ( This debit balance stipulates the presentation of the same fair values as the crying value or the crying amount of the security and an the indication of the cost).
Contra- equity account |Equity accounts such as the owner's drawing and treasury shares.( The balance of the debiting account of the redemption account is not the principle of the owner's accounts, but the balance at the end of the each year decrease).
The term debit balance has several definition.These are as follow:
Accounting: The debit balance is the balance of account with balance of account balanced positive. Account that generally have account balance includes assets, expenses, and losses. Foe Example, of these accounts are fixed assets ( salaries, expenses and losses) on assets disposition (loss).
Bank account: Debit balance is the negative cash balance of current checking of banks. Such an account is called an overdraft and therefore can not be balanced in a negative way- refuses to borrow a debit balance refusing to borrow the check presented in the account. Alternatively, the current account balance is set to zero with an overdraft agreement.
Debt: The debit balance is an excellent principle of loan from a lender by a borrower.
Investment: Debit balance is the amount of cash lent to the investor margin account from the broker to buy the security and the amount the investor needs to pay before entering the purchase transactions.