Post by Henry Yook on Oct 13, 2013 14:37:59 GMT -5
Debit = Left side
Credit = Right side
When Debit/Credit amount decreases, then it switches Left/Right column position.
All Accounts that Normally Have a Debit Balance are Increased with a Debit by placing the amount in the Left Column of the account and Decreased with a Credit by placing the amount in the Right Column of the account.
Debit Accounts:
- Assets
- Expenses
- Draws
All Accounts that Normally have a Credit Balance are Increased with a Credit by placing the amount in the Right Column of the account and Decreased with a Debit by placing the amount in the Left Column of the account.
Credit Accounts:
- Liabilities
- Revenue
- Owner's Equity (Capital)
For more details:
accounting.yook.com/bookkeeping
Credit = Right side
When Debit/Credit amount decreases, then it switches Left/Right column position.
All Accounts that Normally Have a Debit Balance are Increased with a Debit by placing the amount in the Left Column of the account and Decreased with a Credit by placing the amount in the Right Column of the account.
Debit Accounts:
- Assets
- Expenses
- Draws
All Accounts that Normally have a Credit Balance are Increased with a Credit by placing the amount in the Right Column of the account and Decreased with a Debit by placing the amount in the Left Column of the account.
Credit Accounts:
- Liabilities
- Revenue
- Owner's Equity (Capital)
For more details:
accounting.yook.com/bookkeeping
