When posting a journal entry do the debits and credits have the same value?
submitted by Joe

sindhu

yes it must be as per any golden rule of accounting..

racecar

Yes, in double-entry accounting, the debits and credits in any journal entry should always be equal. You've got to keep the see-saw level.

Keeping them the same value ensures the accounting equation (Assets = Liabilities + Equity) is balanced. If one side is off, then your books won’t add up.

So, whether you're recording a sale, an expense, or a purchase, the total debits must match the total credits. It’s kind of the fundamental rule that keeps everything in check.

Jarraj

Yes, they absolutely do. Everything in your books relies on it.

If you keep it balanced, it's easier to spot mistakes because any discrepancy will show up immediately. If your entries aren't balanced, no one will take your financial seriously, because your data can't be relied on to be accurate.