debited
Commission received is credited and cash is debited
credited
All liabilities are credited and assets are debited so increase in liability will be credited and not debited.
Credit
Revenue is income or a credit.
Commission received is credited and cash is debited
credited
credited
credit
All liabilities are credited and assets are debited so increase in liability will be credited and not debited.
Credit
In accounting, transactions are debited or credited based on the accounting equation, which states that assets must equal liabilities plus equity. When a transaction increases assets or expenses, it is debited. When a transaction increases liabilities, equity, or revenue, it is credited.
Revenue is income or a credit.
It is a debit and taken out of your account.
It is your checking account , but it is debited, not credited.
deposited money is credited to your concern bank account
prepaid revenue is debited and revenue is credited