A concise reference document, typically in Portable Document Format, that outlines the fundamental principles of debit and credit entries in accounting. It serves as a quick guide to understanding which accounts are affected and how (increased or decreased) by different types of financial transactions. For example, the document might specify that an increase in cash is recorded as a debit, while an increase in accounts payable is recorded as a credit.
Its utility lies in simplifying the complex rules of double-entry bookkeeping. The document is particularly useful for students learning accounting principles, small business owners managing their finances, or anyone who needs a readily accessible reminder of debit and credit conventions. Historically, such guides evolved from textbook summaries and handwritten notes, eventually transitioning into digital formats for ease of access and distribution.
