Increase Cash Debit Or Credit

Increase Cash Debit Or Credit

Increase Cash Debit Or Credit

oboloo’s Glossary

Increase Cash Debit or Credit is an accounting term used to describe the process of increasing a company’s cash balance. When a company receives money in the form of a payment, this money is considered a debit in their books, as it decreases their debtors’ accounts. On the other hand, when a company pays out money, it is considered a credit, as it increases their creditors’ accounts. In either case, cash flow is increased and so, is termed an increase in cash debit or credit.