Business management

Introduction to accounting

Debit credit accounting convention

Payment to supplier example

The table shows the transaction as recorded in the customer accounting bank payment journal(a).

Highslide JS

BANK PAYMENT JOURNAL Inwards Outwards
Account Operation Debit Credit Date ---
500BNK   Payment to supplier S. inv. 536524 1,200   21 Feb.14 ---

It basically shows that the bank statement is a symetric mirror of the debit-credit accounting books (journals...) of the business.

Last change 1st June 2014