T Account Accounting Relation Flashcards
1
Q
Increase asset
A
Debit
2
Q
Decrease asset
A
Credit
3
Q
Decrease liability
A
Debit
4
Q
Increase liability
A
Credit
5
Q
Decrease equity
A
Debit
6
Q
Increase equity
A
Credit
7
Q
Decrease revenue
A
Debit
8
Q
Increase revenue
A
Credit
9
Q
Increase expense
A
Debit
10
Q
Decrease expense
A
Credit
