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  • DR, CR

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    Asamir AlHaidar
    9 views1 page
    This document outlines basic accounting rules for debits and credits. It shows that assets and revenues are normally debited, while liabilities, owner's capital, owner's drawings and expenses are normally credited. Debits increase asset and revenue accounts, while credits increase liability, capital and expense accounts.

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    This document outlines basic accounting rules for debits and credits. It shows that assets and revenues are normally debited, while liabilities, owner's capital, owner's drawings and expenses are normally credited. Debits increase asset and revenue accounts, while credits increase liability, capital and expense accounts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    9 views1 page

    DR, CR

    Uploaded by

    Asamir AlHaidar
    This document outlines basic accounting rules for debits and credits. It shows that assets and revenues are normally debited, while liabilities, owner's capital, owner's drawings and expenses are normally credited. Debits increase asset and revenue accounts, while credits increase liability, capital and expense accounts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    DR = Debit CR = Credit

    Increase = IN
    Decrease = DE

    Debits/Credits Rules

    DR CR
    Assets IN DE
    Liabilities DE IN
    Owner capital DE IN
    Owner drawings IN DE
    Revenues DE IN
    Expenses IN DE

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