Debit Credit Rules

Front

Left side of the T account is ___________.

Back

Debit

Front

Right side of the T account is ___________.

Back

Credit

Front

Liabilities are generally __________ balance.

Back

Credit

Front

Assets are generally ___________ balance.

Back

Debit

Front

Owner's Equity is generally __________ balance.

Back

Credit

Front

Decrease in assets are __________ balance.

Back

Credit

Front

Increase in liabilities are __________ balance.

Back

Credit

Front

Increase in assets are __________ balance.

Back

Debit

Front

Decrease in liabilities are __________ balance.

Back

Credit

Front

Increase in owner's equity is __________ balance.

Back

Credit