Debits & Credits Flashcards
1
Q
Assets
A
Debit
2
Q
Contra Asset
A
Credit
3
Q
Liability
A
Credit
4
Q
Contra Liability
A
Debit
5
Q
Owner’s Equity
A
Credit
6
Q
Stockholders’ Equity
A
Credit
7
Q
Owner’s Drawing or Dividends Account
A
Debit
8
Q
Revenues (Income)
A
Credit
9
Q
Expenses
A
Debit
10
Q
Gains
A
Credit
11
Q
Losses
A
Debit
