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  2. Debits and credits - Wikipedia

    en.wikipedia.org/wiki/Debits_and_credits

    Alternatively, debits and credits can be listed in one column, indicating debits with the suffix "Dr" or writing them plain, and indicating credits with the suffix "Cr" or a minus sign. Debits and credits do not, however, correspond in a fixed way to positive and negative numbers.

  3. Trial balance - Wikipedia

    en.wikipedia.org/wiki/Trial_balance

    The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The trading profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the same balance.

  4. Accounting equation - Wikipedia

    en.wikipedia.org/wiki/Accounting_equation

    The primary aim of the double-entry system is to keep track of debits and credits and ensure that the sum of these always matches up to the company assets, a calculation carried out by the accounting equation. It is based on the idea that each transaction has an equal effect.

  5. Current account (balance of payments) - Wikipedia

    en.wikipedia.org/wiki/Current_account_(balance...

    In calculating current account, exports are marked as credit (the inflow of money) and imports as debit (the outflow of money). Services When an intangible service (e.g. tourism) is used by a foreigner in a local land and the local resident receives the money from a foreigner, this is also counted as an export, thus a credit.

  6. Double-entry bookkeeping - Wikipedia

    en.wikipedia.org/wiki/Double-entry_bookkeeping

    Debits and credits are numbers recorded as follows: Debits are recorded on the left side of a ledger account, a.k.a. T account. Debits increase balances in asset accounts and expense accounts and decrease balances in liability accounts, revenue accounts, and capital accounts. Credits are recorded on the right side of a T account in a ledger ...

  7. New year, new you: Your 12 month credit repair challenge - AOL

    www.aol.com/finance/12-month-credit-repair...

    For example, you might aim to raise your score by 50 points or pay off a specific credit card balance by mid-year. Quick tip: Tracking your score and progress through a credit monitoring service ...

  8. Bank account - Wikipedia

    en.wikipedia.org/wiki/Bank_account

    From the customer's point of view, bank accounts may have a positive, or credit balance, when the financial institution owes money to the customer; or a negative, or debit balance, when the customer owes the financial institution money. [1]

  9. Balance of payments - Wikipedia

    en.wikipedia.org/wiki/Balance_of_payments

    Country foreign exchange reserves minus external debt. In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world.