Debit And Credit Flashcards
1
Q
Debit increases (dead)
A
Debits
Expenses
Assets
Drawings
2
Q
Debit decreases (pea)
A
Purchases
Expenses
Assets
3
Q
Credit increases (clic)
A
Credits
Liabilities
Income
Capital
4
Q
Credit decreases (rls)
A
Revenue
Liabilities
Sales