.. Simple Double-entry Accounting The following is a brief explanation based on the example of a user using a bank to pay 5 yuan through the payment platform. Assumption: The payment platform uses CMB as the acquiring bank and has a reserve account with CMB. Internal accounts of the payment platform involved: Accounting steps: illustrate: The accounting of licensed payment institutions must be two-way. Many accounts and entities are opened internally. [Debit] Account: assets, receivables, etc.; [Credit] Accounts: liabilities, equity, debts, etc.
; . A short formula for borrowing and australia email list lending (not too rigorous, but sufficient): [Debit] account (such as assets, receivables), [increase] is [debit], [decrease] is [credit]; [Credit] accounts (such as liabilities, equity, accounts payable), [increase] is [credit], [decrease] is [debit]; . There are many professional books on double-entry bookkeeping. Here are just a few important excerpts: Definition of double-entry accounting: A method of simultaneously recording equal amounts for each business transaction in two or more relevant accounts. Accounting principle: if there is a debit, there must also be a credit, and the debit and credit must be equal.
Accounting basis: Accounting identity: . Assets = Liabilities + Equity . Profit = Revenue – Expenses; Account: It has a specific format and structure and can be used to continuously, systematically and comprehensively record the increases or decreases of a particular business operation and its results. Account: A classification of similar financial transactions, such as assets, liabilities, ownership rights, income or expenses, etc., all belong to accounts.General items are divided into several levels. The difference between accounts and orders: Accounts only have names, orders include structure and format, and each account corresponds to a specific account.