| Financial Statement | Account Type | Normal Balance | To Increase | To Decrease |
| Balance Sheet | Assets | Debit | Debit | Credit |
| Balance Sheet | Liabilities | Credit | Credit | Debit |
| Balance Sheet | Equity | Credit | Credit | Debit |
| Income Statement | Revenue | Credit | Credit | Debit |
| Income Statement | Gains | Credit | Credit | Debit |
| Income Statement | Expenses | Debit | Debit | Credit |
| Income Statement | Losses | Debit | Debit | Credit |
Friday, September 18, 2009
Understanding Accounting Ledger (Debit / Credit) Entries
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