Examples of Double Entry 1. Purchase of machine by cash DebitMachine (Increase in Asset) CreditCash (Decrease in Asset) 2. Payment of utility bills DebitUtility Expense (Increase in Expense) CreditCash (Decrease in Asset) 3. Interest received on bank deposit account DebitCash (Increase in Asset) CreditFinance Income (Increase in Income) 4. Receipt of bank loan principal DebitCash (Increase in Asset) CreditBank Loan (Increase in Liability) 5. Issue of ordinary shares for cash DebitCash (Increase in Asset) CreditShare Capital (Increase in Equity)