Lesson 02 - 01 Rules of Debit and Credit

Determine whether the account is to be DEBITed or CREDITed.

Increase in Cash account

• Debit

• Credit

Determine whether the account is to be DEBITed or CREDITed.

Decrease in Accounts Payable account

• Debit

• Credit

Determine whether the account is to be DEBITed or CREDITed.

Increase in Revenue account

• Debit

• Credit

Determine whether the account is to be DEBITed or CREDITed.

Increase in Salaries Payable account

• Debit

• Credit

Determine whether the account is to be DEBITed or CREDITed.

Increase in Accounts Receivable account

• Debit

• Credit

Determine whether the account is to be DEBITed or CREDITed.

Decrease in Noted Receivable account

• Debit

• Credit

Determine whether the account is to be DEBITed or CREDITed.

Increase in Accrued Expense account

• Debit

• Credit

Determine whether the account is to be DEBITed or CREDITed.

Increase in Unearned Revenue account

• Debit

• Credit

Determine whether the account is to be DEBITed or CREDITed.

Decrease in Salaries Expense account

• Debit

• Credit

Determine whether the account is to be DEBITed or CREDITed.

Decrease in Equipment account

• Debit

• Credit