A general ledger, which is simply a collection of your account charts, is a simple and effective way to view spending and to keep your business on track. you must know how to decide whether the account should be credited or debited. This is done with accounting journal entries. You will always have at least two accounts in your accounting ledger group, but most people have more than one, based on their chart of accounts.
To determine whether one must debit or credit a specific account we use either the accounting equation approach which consists of five accounting rules or the traditional approach based on three rules (for Real accounts, Personal accounts, and Nominal accounts) to determine whether to debit or to credit an account.
Whether a debit increases or decreases an account depends on what kind of account it is. In summary: an increase to an asset account is a debit. An increase to a liability or to an equity account is a credit.
Conversely, a decrease to an asset account is a credit. A decrease to a liability or equity account is a debit.In your example ,you should add all the debits and then subtract with credits.A positive figure will be debit.
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