Debit VS Credit

Debit side is on the _____________, whereas Credit side is on the _____________.

• Right, Left

• Left, Right

When assets increased is to be recorded on _________ side.

• Debit

• Credit

When expenses decreased is to be recorded on _________ side.

• Debit

• Credit

When income decreased is to be recorded on _________ side.

• Debit

• Credit

When liabilities increased is to be recorded on _________ side.

• Debit

• Credit

When equity increased is to be recorded on _________ side.

• Debit

• Credit

When you sold goods, which side should be Bank account recorded on ?

• Debit

• Credit

When you purchased goods, which side should be Purchases account recorded on ?

• Debit

• Credit

When you borrow a loan from bank, which side should be Loan account recorded on ?

• Debit

• Credit

When you repaid a loan, which side should be Bank account recorded on ?

• Debit

• Credit