Frequent transaction types

Frequent transaction types

If you don't know how to do double-entry bookkeeping about the left/right choice, it can hurt your head and get confused. However, if you actually use it, you can see that there is a certain pattern for the most commonly used transactions. Below are examples of left/right choices for frequently occurring trades. If you are not sure, you can just make a selection according to the table below.

Type left right
Generation of revenue
Assets +
Revenue
Incurred cost
Expense
Assets - 
Pay something with a credit card
Expense
Debt + 
Settlement of credit card payment
Debt - 
Assets - 
borrowing someone else's money
Assets + 
Debt + 
Repay someone else's money
Debt - 
Assets - 
Lend or receive my money
Assets + 
Assets - 
Account transfer, withdrawal, deposit
Assets + 
Assets - 
Set asset base amount
Assets + 
Capital + 
Set default amount of liabilities
Capital - 
Debt +