Assets = liabilities+owner's equity If you are not a professional, you may not be familiar with this equation, which is the theoretical basis of accounting. The increase of debit registration and the decrease of credit registration in asset accounts are generally debit balances (the account balance is generally on the increasing side, the same below). The formula of ending balance is: ending debit balance = opening debit balance. 10 Debit amount in current period. The amount incurred by the futures party, the credit registered liabilities and the owner's equity account increase, and the debit registration decreases, which is generally the credit balance. The formula of ending balance is: ending goods balance = opening goods balance+current futures amount-current debit amount. Before profit distribution: assets+expenses = owner's equity+liabilities+income cost increase, which will be debited; When the cost is reduced, credit will be given. When the income increases, it is credited; When income decreases, it is debited. Debit when the cost increases; When the cost is reduced, credit will be given. Note: Debit on the left and credit on the right. If you are not a professional, you may not know which accounts belong to assets, liabilities, profits and losses, so you need to check relevant books and websites. These accounts need memorization and practice. If you are not careful, you may get confused. I am a financial management major, and I still understand these basics. I hope it helps you. !