Is Debit or Credit Positive (Plus) Or Negative (Minus) In Accounting
Is Debit Positive or N egative In Accounting A de bit or credit may be positive (plus) or negative (minus) for an Account depending upon the favorable or unfavorable side or balance of an account. Accounts ( Assets and Expenses ), which have normal, u n usual or positive balance on debit side of a ledger account, have positive debit balance or positive debit side while for other accounts ( Revenues , Liabilities and Equity ), the debit is negative for theses accounts as debit is not favorable for these accounts. Is Credit Positive or N egative In Accounting Similarly, a credit is positive for those accou nts (Revenues, Liabilities and Equity) which have credit favorable balance or credit favorable side in the ledger account while a credit is negative for those account (Assets and Expenses) which have credit unfavorable balance or credit unfavorable side in a ledger account.