Financials: Journal entries - difference between Debit and Credit

started a topic about 4 years ago

I am trying to familiarize myself with the Financials section and have a question about how to correctly complete a Journal entry.

The top section seems pretty straightforward, but the bottom section is a bit confusing to me.

Does Debit refer to the account the transaction is being paid out of? 

Does Credit refer to the classification of the expense (i.e. Rent expense)?

I would appreciate some clarification on how to properly use this feature. The tutorials do not provide any explanation.

Thank you very much.

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