Question

Are debits or credits listed first in journal entries? Are debits or credits indented?

Answer 1

Debits are listed first in the journal entries. Credits are intended

Explanation:

Debits are listed first in the journal entries because, as per the double entry system, the entries are recorded in a journal format. Therefore, according to this format, debit amounts are listed primarily.

Credits are intended because, as per the journal format, debit entries have to be written first while credit amounts are written after debits. Therefore, due to indentation of journal format, credits are not listed first and they are said to be intended.