Rule:
Debit Asset - increase
Credit Asset - decreaseDebit Liability - decrease
Credit Liability - increaseDebit Equity - decrease
Credit Equity - increaseDebit Income - decrease
Credit Income - increaseDebit 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...