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Credit and Debit 
It took me a while to understand the concept, so I'll break it down as best as I can.  There are three parts to the accounting equation: Assets = Liabilities + Owner's Equity We'll look at this in two ways   1. As a business owner you invest (say) 10,000 USD into your bank. The entry would be: Debit: Assets: Cash for 10,000    Credit: Owner's Equity: Contributions for 10,000 In this case, you have assets of 10,000 from your deposit, but it is due to owner contributions and not business transactions. Another example (say a sale):  Debit: Assets: Cash for 10,000    Credit: Owner's Equity: Sales for 10,000 Debit: Assets: Cash for 10,000    Credit: Liabilities: Deposits for 10,000 Deposits are a banking term to reflect a bank's obligation to return the amount on demand (though the bank has free reign with it, see fractional banking)  You will NEVER debit or credit your bank as it is assumed you will be storing your money there, note bank reconciliation. Hope this helps, comment with any more questions.