What is the meaning of borrowing in accounting bookkeeping? Please be specific.

in accounting, "Debit" and "Credit" have no specific meaning, just a symbol.

Therefore, after seeing "borrowing" and "lending", don't look at the literal meaning and think that "borrowing" means borrowing, which means increasing; "Loan" means loan, or lending.

We treat individuals as an enterprise, and treat personal income and expenditure as daily business, so as to understand how the subject system is established and how to express daily business by borrowing and lending.

There is a very important identity in accounting: assets = liabilities+owners' equity, that is to say, money belonging to Liu Yuan (owners' equity) and money borrowed by Liu Yuan from others (liabilities) are all assets of Liu Yuan. On this basis, we will establish a subject system. From the perspective of identity, subjects can be divided into three categories: assets, liabilities and owners' equity. Because the balances of these three types of accounts (which will be explained later) ultimately conform to the identity, any type of account system must have at least one of asset accounts, liability accounts and all equity accounts.

Now, the simplest account system is adopted: only assets account and owners' equity account.

there are "my cash" subjects under the asset category and "my property" subjects under the owner's equity category.

Suppose that before December 25, Liu Yuan was unemployed, penniless and hungry all day. At this time, the account balance of "My Cash" is , and the account balance of "My Property" is .

when cash is received, it is all debited: my cash loan: other subjects, which means that "my cash" is a debit to indicate an increase. In fact, most asset subjects are debits to indicate an increase.

When Liu Yuan borrowed money from others, the debt increased. Borrowing: other subjects' loans: my debt (money belonging to others), which means that "my debt" means the increase. Most debt subjects are credits to indicate increase.

when Liu yuan received the company's settling-in allowance, all the rights and interests increased. by borrowing from other subjects, it was my property, which indicated that the subject of "my property" was increased. Most of all these equity subjects are credits, indicating an increase.