General ledger Dr + Cr Flashcards
1
Q
Asset Increases
A
Debit
2
Q
Asset Decreases
A
Credit
3
Q
Liability Increases
A
Credit
4
Q
Liability Decreases
A
Debit
5
Q
OE Increases
A
Credit
6
Q
OE Deacreases
A
Debit
7
Q
Revenue Increases
A
Credit
8
Q
Revenue Decreases
A
Debit
9
Q
Expenses Increase
A
Debit
10
Q
Expenses Decrease
A
Credit
