Accounting Reboot Flashcards

1
Q

Debit increase

Credit decrease

A

Asset
Drawings
Expenses

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2
Q

Debit decrease

Credit increase

A

Liabilities
Capital
Revenue

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3
Q

Asset

A

Debit increase

Credit decrease

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4
Q

Liabilities

A

Debit decrease

Credit increase

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5
Q

Capital

A

Debit decrease

Credit increase

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6
Q

Drawings

A

Debit increase

Credit decrease

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7
Q

Revenue

A

Debit decrease

Credit increase

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8
Q

Expenses

A

Debit increase

Credit decrease

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