Accounting Debit and Credit

Front

A decrease to cash is an _______?

Back

Credit

Front

An increase to Utilities Expense is a

Back

Debit

Front

The normal balance for Cash is a

Back

Debit

Front

An increase to a revenue account is a

Back

Credit

Front

An increase to Supplies is a

Back

Debit

Front

An increase to Office Furniture is a

Back

Debit

Front

A decrease to Accounts Payable is a

Back

Debit

Front

A financial statement that reports assets, liabilities, and owner's equity on a specific date.

Back

balance sheet

Front

What is the normal balance for assets?

Back

DEBIT

Front

What is the normal balance for liabilities?

Back

CREDIT