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Debit Credit in Microsoft Dynamics 365 Finance and Operations one version D365FO

Rahul Mohta Profile Picture Rahul Mohta 21,014

Debit Credit in Microsoft Dynamics 365 Finance and Operations one version D365FO

REAL ACCOUNTS (e.g. resulting in to a tangible asset)
Debit Credit
What comes in What goes out
   
e.g. Stock e.g. Cash
PERSONAL ACCOUNTS (e.g. customer/vendor)
Debit Credit
Receiver Giver
   
e.g. Customer e.g. Stock
e.g. Stock e.g. Vendor
NOMINAL ACCOUNTS (e.g. P&L)
Debit Credit
Expenses Income
   

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