Nature of Account Flashcards
1
Q
Asset
A
Debit
2
Q
Liability
A
Credit
3
Q
Expenses
A
Debit
4
Q
Owner’s Equity
A
Credit
5
Q
Revenue
A
Credit
6
Q
Asset (+)
A
Debit
7
Q
Revenue (+)
A
Credit
8
Q
Asset (-)
A
Credit
9
Q
Revenue (-)
A
Debit
10
Q
Liability (+)
A
Credit
11
Q
Owner’s Equity (+)
A
Credit
12
Q
Expenses (-)
A
Credit
13
Q
Owner’s Equity (-)
A
Debit
14
Q
Expenses (+)
A
Debit
15
Q
Liability (-)
A
Debit
