Normal Account Debit Or Credit? Flashcards

1
Q

Assets

A

Debit

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2
Q

Liabilities

A

Credit

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3
Q

Common shares

A

Credit

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4
Q

Retained earnings

A

Credit

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5
Q

Revenue

A

Credit

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6
Q

Expenses

A

Debit

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7
Q

Dividends declared

A

Debit

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