T Accounts Debits vs Credits

Front

If a Liability increases, which side will be impacted?

Back

Credit

Front

If an Asset increases, which side is impacted?

Back

Debit

Front

If owners equity decreases, which side is impacted?

Back

Debit

Front

If an Asset decreases, which side will be impacted?

Back

Credit

Front

If a Liability decreases, which side will be impacted?

Back

Debit

Front

If owners Equity increases, which side will be impacted?

Back

Credits