FABM1 Rules of Debit and Credit Practice

Determine what side each major accounts are increasing and decreasing:

Assets increase in​ the (a)   . Hence, if an Asset increased, it should be ​ (b)   .

• Left Side
• Right Side
• Debited
• Credited

Determine what side each major accounts are increasing and decreasing:

Assets decrease in​ the (a)   . Hence, if an Asset decreased, it should be ​ (b)   .

• Left Side
• Right Side
• Debited
• Credited

Determine what side each major accounts are increasing and decreasing:

Liabilities increase in​ the (a)   . Hence, if a Liabilities increased, it should be ​ (b)   .

• Left Side
• Right Side
• Debited
• Credited

Determine what side each major accounts are increasing and decreasing:

Liabilities decrease in​ the (a)   . Hence, if a Liabilities decreased, it should be ​ (b)   .

• Left Side
• Right Side
• Debited
• Credited

Determine what side each major accounts are increasing and decreasing:

Drawings increase in​ the (a)   . Hence, if a Drawings increased, it should be ​ (b)   .

• Left Side
• Right Side
• Debited
• Credited

Determine what side each major accounts are increasing and decreasing:

Drawings decrease in​ the (a)   . Hence, if a Drawings decreased, it should be ​ (b)   .

• Left Side
• Right Side
• Debited
• Credited

Determine what side each major accounts are increasing and decreasing:

Expenses decrease in​ the (a)   . Hence, if an Expenses decreased, it should be ​ (b)   .

• Left Side
• Right Side
• Debited
• Credited

Determine what side each major accounts are increasing and decreasing:

Expenses increase in​ the (a)   . Hence, if an Expenses increased, it should be ​ (b)   .

• Left Side
• Right Side
• Debited
• Credited

Determine what side each major accounts are increasing and decreasing:

Equity increase in​ the (a)   . Hence, if an Equity increased, it should be ​ (b)   .

• Left Side
• Right Side
• Debited
• Credited

Determine what side each major accounts are increasing and decreasing:

Equity decrease in​ the (a)   . Hence, if an Equity decreased, it should be ​ (b)   .

• Left Side
• Right Side
• Debited
• Credited