Question 485. - Why is it that the side of a bank cash book marked "debit" is used for credit entries, and the side marked "credit" for making debit entries?

Answer. - The debit side of the cash book comprises items to the debit of cash, and necessarily, therefore, to the credit of the account specified. Similarly, the credit side comprises items to the credit of cash and therefore to the debit of the accounts specified. In other words, you are debtor by what you receive and creditor by what you pay away.