The accounting equation is as follows:

A = L + OE

This means that assets are DR (left a/cs) liabilities are CR and Capital are CR (right side
a/cs).

To increase a DR a/c you DR the a/c; to decrease it you CR

To increase a CR a/c you CR the a/c; to decrease it you DR

Example: paid $200 on Bank loan - we are decreasing the asset Bank a/c and also
decreasing the loan amount or liability bank a/c. Entry: CR-Bank and DR-Bank loan

Example: recieved $300 from J. Smith that was owing to company - here we are
incerasing the asset bank and decreasing the asset accounts receivable - Entry DR bank
and CR A/R.

There are also some other DR a/s to be aware of: all expense accounts (such as rent,
utilities, supplies expense, salaries etc) and also the drawings a/c (when owner takes out
money from company - not an expense a/c)
Other CR accounts are: all revenue a/c (such as fees earned, sales etc)