Accounting Reboot Flashcards
1
Q
Debit increase
Credit decrease
A
Asset
Drawings
Expenses
2
Q
Debit decrease
Credit increase
A
Liabilities
Capital
Revenue
3
Q
Asset
A
Debit increase
Credit decrease
4
Q
Liabilities
A
Debit decrease
Credit increase
5
Q
Capital
A
Debit decrease
Credit increase
6
Q
Drawings
A
Debit increase
Credit decrease
7
Q
Revenue
A
Debit decrease
Credit increase
8
Q
Expenses
A
Debit increase
Credit decrease