Rule:
Debit Asset - increase
Credit Asset - decrease
Debit Liability - decrease
Credit Liability - increase
Debit Equity - decrease
Credit Equity - increase
Debit Income - decrease
Credit Income - increase
Debit Expense - increase
Credit Expense - decrease
-
Normal Balances
Asset and Expense - Debit
Liability, Equity and Income - Credit
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Accounting
RandomThis book is filled with accounting lessons specially crafted for accounting students and aspiring accountants. Dive into the world of numbers and financial know-how as I guide you through essential concepts and practical insights. Whether you're ju...
