BNET Business Dictionary

Business Definition for: Debits And Credits

figures entered in a company's accounts to record increases and decreases in assets, expenses, liabilities, revenues, or capital

Additional Resources

Basic Terms and Concepts: There are few things which need to understand in order to make setting up accounting system easier. Debits and Credits are the backbone of any accounting system. Further, all debits must equal all credits. If they don't, the entry is out of balance. Therefore, the accounting system must have...; Tags: Accounting, Accounting System, BusinessTown.com, Operational Accounting, Financial Services, Finance; White papers 2003-01-01
My favourite things: Sue knight, general manager, Premier Foods: Do you prefer healthy food or junk food? I run a debits and credits system with extremes of both. Have you ever sent back or complained about a meal? I am terribly "English" and tend not to complain even when it's terrible. However, last night in a pub I...; Tags: Premier Foods; Research articles 2006-11-11
Take Time To Create A Life Balance Sheet For Success: It's important from time to time that we sit down and honestly assess our lives. Doing so allows us to make an honest determination about where we are now and where we want to be in the future. When we're assessing our finances, we prepare a financial balance sheet. On...; Tags: Life, Financial, Launch 3, Balance Sheets, Financial Accounting, Financial Statements, Finance; White papers 2005-05-12
Fed opens cross-border automated payment service: The Federal Reserve announced that it has begun offering a cross-border automated clearing house payment service open to all U.S. financial institutions. The new service allows U.S. banks to send both debits and credits to Canadians through the Fed's existing ACH network. U.S. banks initiate payments in U.S. dollars and...; Tags: bank, Federal Reserve Board, FINANCE, payment, U.S.; Research articles 2001-09-01
First Interstate Bank Introduces a New PC-Based Banking Service for Small Businesses: LOS ANGELES--BUSINESS WIRE--April 25, 1995--First Interstate Bank of California has just made it easier for small businesses to manage their checking and savings accounts with the introduction of its new PC-based account management software, Business Express Plus.Using Business Express Plus, small business customers can now use their personal computers to...; Tags: Interstate Bank; Research articles 1995-04-25

VIRGINIA BANK INSTALLS MITEK CHECK IMAGING SYSTEM.: Mitek Systems, Inc. (Nasdaq: MITK), San Diego, a developer of automated document recognition technology, has announced that Union Bank, Inc. of Sistersville, West Virginia has purchased and installed Mitek's CheckQuestR, check imaging system. CheckQuest allows Union Bank to automate check and item processing. ...; Tags: Union Bank; Research articles 2002-07-01
Young Broadcasting Inc. Q4 2007 Earnings Call Transcript: Question-and-Answer Session Operator Operator Instructions Our first question is from Bishop Cheen - Wachovia. Bishop Cheen - Wachovia The cash balance, the exact debt numbers, but especially the cash seems important at 12/31, and also if there any significant cash inflows or outflows other than normal...; Tags: Call Transcript, Obligation, Wachovia Corp., Earnings, Young Broadcasting Inc., KRON, Balance Sheets, Operational Accounting, Performance Management, Financial Accounting, Financial Services, Financial Statements, Finance, Human Resources, Workforce Management, Seeking Alpha; Earnings calls 2008-03-17
Conrail seeks faster equipment return - Consolidated Rail Corp. to offer financial incentives for quick return of trailers and containers - Brief Article: With intermodal equipment in short supply, Conrail is moving to encourage the fast return of its trailers and containers by users. Starting Nov. 1, a program called "Streetsmart" will offer financial incentives for the return of equipment ahead of time. "The key feature of the plan," says Conrail, "is...; Tags: Consolidated Rail Corp.; Research articles 1994-09-01
'Ship-and-debit' protection now under siege in passives: NEW PROVIDENCE, N. J.--In the latest challenge to venerable distribution privileges, a leading supplier of printed circuit board relays has withdrawn ship-and-debit protection from nearly half of its franchisees. As part of a new two-tier distribution strategy, Aromat, here, limited ship-and-debits--under which suppliers extend to distributors credits covering gaps...; Tags: Aromat Corp.; Research articles 1993-03-29
Myer and David Jones release sales results, shares flat: Economy Roundup: Myer announced total sales growth of 5.2% to $717.1 million for the three months to October, while like-for-like sales grew by 2.9%. The results come after the company recently finished a $2.2 billion float on the ASX. The company also announced it is on track to meet prospectus pro forma...; Tags: sales, Federal Reserve Board, Financial Year, Goods; News items 2009-11-04
Think of a number. (accounting standards): The Financial Accounting Standards Board has enacted a new rule stating that businesses must publish up-to-date values on all their credits and debits. The rule attempts to bring more consistency to the nation's accounting systems, but critics are saying it will cause more problems. ACCOUNTING regulators worldwide IN are...; Tags: accounting, asset, FINANCE, Financial Accounting Standards Board; Research articles 1992-01-04
U.S. international transactions: first quarter of 2007: Table 4. U.S. Official Reserve Assets and Foreign Official Assets in the United States [Millions of dollars] (Credits +; decrease in U.S. assets or increase in foreign Line ...; Tags: adjustment, affiliate, asset, bank, bond, Earnings, earnings, equity, FINANCE, financial, financing, income, Insurance, Investment, Manufacturing, payment, SALES, U.S., U.S. Government; Research articles 2007-07-01
U.S. international transactions: first quarter of 2007.-Table 11. U.S. International Transactions, by Area: Table 8. Claims on and Liabilities to Unaffiliated Foreigners Reported by U.S. Nonbanking Concerns Except Securities Brokers (1) [Millions of dollars] (Credits +; decrease in U.S. assets or increase in U.S. Line ...; Tags: asset, compensation, FINANCE, financial, foreigner, income, investment, payment, security, U.S., U.S. Department of Treasury, U.S. Government; Research articles 2007-07-01
International Statistics: 3.10 U.S. INTERNATIONAL TRANSACTIONS Summary Millions of dollars; quarterly data seasonally adjusted except as noted(1) Item credits or debits 1996 1997 1998 ...; Tags: asset, bank, bond, borrower, Europe, foreigner, Gold, Merchandise, Reserve, SALES, security, South, Treasury, U.S., U.S. Department of Treasury, United; Research articles 1999-12-01
televisión: BALANZA DE PAGOS DE LA TV MEXICANA.(México)(TT: Television: credits and debits of the industry.)(TA: Mexico): La industria televisiva mexicana se caracteriza, independientemente de la calidad y contenido de sus series, por una amplia capacidad de producir. Esta se ha convertido en una importante circunstancia que le ha posibilitado competir con otras industrias del mundo sin, hasta ahora, sucumbir. ...; Tags: TV Azteca S.A. de C.V.; Research articles 1999-02-07
Table 1. U.S. International transactions: Table 1. U.S. International Transactions [Millions of dollars] ...; Tags: asset, foreigner, Gold, income, payment, Reserve, U.S. Government; Research articles 2006-10-01
U.S. international transactions, 2003: Table A. Summary of U.S. International Transactions [Millions of dollars, quarters seasonally adjusted] Lines in tables 1 and 11 in which transactions are Line included are indicated in ...; Tags: asset, beverage, Civilian, FINANCE, food, income, Manufacturing, payment, U.S., U.S. Government; Research articles 2004-04-01
U.S. international transactions, 2003: Table 1. U.S. International Transactions [Millions of dollars] Line (Credits +; debits -) (1) ...; Tags: adjustment, Africa, Asia, asset, beverage, Civilian, Coal, EDUCATION, FINANCE, financing, Gold, Government, income, insurance, Iron, Meat, Oil, OPEC, payment, Republic, Reserve, sales, transportation, U.S., U.S. Government; Research articles 2004-04-01
U.S. international transactions: first quarter of 2005: Table 11. U.S. International Transactions, by Area [Millions of dollars] ...; Tags: asset, bank, compensation, financial, foreigner, income, investment, payment, security, transportation, U.S., U.S. Department of Treasury, U.S. Government; Research articles 2005-07-01
U.S. International transactions: second quarter of 2007: Table 1. U.S. International Transactions [Millions of dollars] ...; Tags: adjustment, asset, bank, beverage, Civilian, Coal, EARNINGS, earnings, EDUCATION, equity, FINANCE, Gold, Government, Holding, income, Insurance, Iron, manufacturing, Meat, Oil, payment, Republic, Reserve, South, transportation, U.S., U.S. Government; Research articles 2007-10-01

Neighboring Terms

Click Here

Your Work The 7 Interview Questions You Must Ask

The 7 Interview Questions You Must Ask

Forget 'What are your strengths and weaknesses?' If you want to get the real dope on prospective employees, ask job candidates these seven questions.
Your Industry Contractors to Fight for A-12 Funds Before the Supremes

Contractors to Fight for A-12 Funds Before the Supremes

Boeing and General Dynamics lost another appeal on the A-12 military contract case. The two companies and the Federal Government have been going back on forth on whom owes who what over the cancellation of the advanced program in the Nineties. Now the companies say they will appeal to the Supreme Court.
Your Money Dumbest Things You Do With Your Money

Dumbest Things You Do With Your Money

Even smart people make financial moves that are downright illogical. Emotions and superstitions have a sneaky way of keeping you from rational financial decisions. But dumb choices can have serious, real-world consequences. Here are some of the biggest blunders we all make, plus tips from the experts on how to keep cool.