Table 1 Credit/debit convention, positive and negative signs Credit Balance Element Figure reported /Debit /Movement Positive Balance on assets ("Normal", no sign needed) Positive Increase on assets ("Normal", no sign needed) Assets Negative Negative balance on assets (Minus "-" sign needed) Negative Decrease on assets (Minus "-" sign needed) Debit Positive Balance on expenses ("Normal", no sign needed) Positive Increase on expenses ("Normal", no sign needed) Expenses Negative balance (including Negative reversals) on expenses (Minus "-" sign needed) Negative Decrease on expenses (Minus "-" sign needed) Positive Balance on liabilities ("Normal", no sign needed) Positive Increase on liabilities ("Normal", no sign needed) Liabilities Negative balance on liabilities Negative (Minus "-" sign needed) Negative Decrease on liabilities (Minus "-" sign needed) Positive Balance on equity ("Normal", no sign needed) Positive Increase on equity ("Normal", no sign needed) Equity Credit Negative balance on equity Negative (Minus "-" sign needed) Negative Decrease on equity (Minus "-" sign needed) Positive Balance on income ("Normal", no sign needed) Positive Increase on income ("Normal", no sign needed) Income Negative balance (including Negative reversals) on income (Minus "-" sign needed) Negative Decrease on income (Minus "-" sign needed)
Table 1 Credit/debit convention, positive and negative signs Element Credit /Debit Balance /Movement Figure reported Assets Debit Balance on assets Positive ("Normal", no sign needed) Increase on assets Positive ("Normal", no sign needed) Negative balance on assets Negative (Minus "-" sign needed) Decrease on assets Negative (Minus "-" sign needed) Expenses Balance on expenses Positive ("Normal", no sign needed) Increase on expenses Positive ("Normal", no sign needed) Negative balance (including reversals) on expenses Negative (Minus "-" sign needed) Decrease on expenses Negative (Minus "-" sign needed) Liabilities Credit Balance on liabilities Positive ("Normal", no sign needed) Increase on liabilities Positive ("Normal", no sign needed) Negative balance on liabilities Negative (Minus "-" sign needed) Decrease on liabilities Negative (Minus "-" sign needed) Equity Balance on equity Positive ("Normal", no sign needed) Increase on equity Positive ("Normal", no sign needed) Negative balance on equity Negative (Minus "-" sign needed) Decrease on equity Negative (Minus "-" sign needed) Income Balance on income Positive ("Normal", no sign needed) Increase on income Positive ("Normal", no sign needed) Negative balance (including reversals) on income Negative (Minus "-" sign needed) Decrease on income Negative (Minus "-" sign needed)
Annex+V_Instructions_FINREP.docx