Please reply to the following posts with a short response of your thoughts and option on their post.

Post #1

The meaning of Debits - Dr. on the left is an entry made on the left side of the account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts. Credits-CR. on the right means a credit is an entry made on the right side of an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account. ''Stated in the Double-Entry Accounting (pg49) The difference of Debits and Credits is the account balance. When total Debits exceed total credits, the account has a debit balance. It has a credit balance when total credits exceed total debits. When total debits equal total credits, the account has a zero balance.

Post #2

The accounting equation (Assets=Liabilities+Equity)requires debits to be on the left side and credtis to be on the right side. They must both have the same amount of money.With debits or left side entries, all account types increase. A decrease in any of those accounts, on the other hand, is a credit or right side entry. Increases in revenue, liability, or equity accounts, on the other hand, are credits or right side entries, while decreases are debits or left side entries.In double-entry accounting, debits and credits occur simultaneously in every financial transaction. Because Assets = Liabilities + Equity in the accounting equation, if one asset account increases (a debit on the left), another asset account must decrease (a credit on the right), or a liability or equity account must increase (a credit on the right). Revenues raise equity in the extended equation, while expenses, costs, and dividends decrease equity, hence the difference is the influence on the equation.