Debiting An Account Means Novels & Stories

Napailing na lamang ako at tumayo na nung biglang nag-ring yung mumurahing cellphone ko. Nakita ko ang pangalan ni Ate Pam na tumatawag. Kilala ko siya dahil isa siya sa mga kaibigan sa tinatrabahuan ng Tita ko. Pinindot ko yung answer button. "Ate Pam---" "Raine, kasi yung hospital hinahanap na nila yung pang-unang bayad." isang buntong hininga na lang ang nagawa ko. "Sige, ate... Maghahanap na muna ako." umo-oo lang siya sa kabilang linya at inend na niya yung tawag. Napakagat labi ako. Saan naman ako hahanap ng malaking halaga ng pera agad-agad? Panigurado namang kung magsa-sideline ako ay aabot lang sa hanggang limang libo yung kikitain ko kapag suswertihin.

Parang hindi naman kasi ako matalino—average lang. Bukod sa bankruptcy, finances, investments, at ilang situational problems ay basic accounting equation lang yata ang natatandaan kong sinagot ko nang tama. Nang magising kasi ako sa pagiging comatose noon ay ito agad ang una kong naalala when it comes to being an accountant: Assets are equal to liabilities plus owner’s equity. Assets increased under debit, while liabilities and owner’s equity decreased. Under credit, assets decreased while liabilities and owner’s equity increased.

"Well, the importance of Debit and Credit in accounting is to keep the company's books in balance. So, in business, Debits and Credits are used for every transaction and this is what we call the double-entry accounting. "So I guess, it's my turn now to ask question to you Miss Monteverde." Kalmado ngunit mariin kong wika habang nakatingin kay Sabrina. "For example, your business purchases a new computer for Php 36,000 on credit, how are you going to record the transaction using the T-account?" tanong ko sa kanya.