Hi,
For example :
You have a Bank account : XXXXXXX
You had made a Deposit of amount : 5000 in to you bank account--> which is debit.
You had paid spend 2500 rs -- this payment will be considered as Credit.
Closing balance = 2500 ( which will be you Amount)
Amount(0DEB_CRE) : Debit - credit. here in our example amount = 2500.00
In FI terms
DEBIT: Asset and Expense falls under Debit
CREDIT : Liabilities and Income under Credit
Cash discount amount :
We have 2 scenarios here Given/ Taken
1) cash discount to customer is expense - Debit
2) Cash Discount received from vendor is Income - Credit
Hope this info helps you .For more details explanation contact your FI consultant they can help you with more details.
Correct me if i'm wrong...