oboloo Glossary

Cash Increase Debit Or Credit

oboloo Glossary

Cash Increase Debit Or Credit

Cash Increase Debit or Credit is an accounting entry that recognizes an increase in a company’s cash balance. The entry can be either a debit, which means to subtract the amount from the account balance, or a credit, which means to add the amount to the account balance. This type of transaction could relate to activities like sale of goods and services, capital investments, raising funds from investors and other earnings. In other words, it’s the process by which cash enters and exits a business – and it’s crucial for success.