Whats a Debit and whats a Credit

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UHCL Accounting 1

Last updated 1:34 AM on 9/18/26
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32 Terms

1
New cards

Debit

The left side of an account.

2
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Credit

The right side of an account.

3
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Debit-Normal Accounts

Assets, Expenses, and Dividends.

4
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Credit-Normal Accounts

Liabilities, Stockholders' Equity, and Revenue.

5
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Assets Increase

Debit.

6
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Assets Decrease

Credit.

7
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Liabilities Increase

Credit.

8
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Liabilities Decrease

Debit.

9
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Stockholders' Equity Increase

Credit.

10
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Stockholders' Equity Decrease

Debit.

11
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Revenue Increase

Credit.

12
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Revenue Decrease

Debit.

13
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Expenses Increase

Debit.

14
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Expenses Decrease

Credit.

15
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Dividends Increase

Debit.

16
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Dividends Decrease

Credit.

17
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Cash Increase

Debit.

18
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Cash Decrease

Credit.

19
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Accounts Receivable Increase

Debit.

20
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Accounts Receivable Decrease

Credit.

21
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Accounts Payable Increase

Credit.

22
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Accounts Payable Decrease

Debit.

23
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Common Stock Increase

Credit.

24
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Common Stock Decrease

Debit.

25
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Retained Earnings Increase

Credit.

26
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Retained Earnings Decrease

Debit.

27
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Supplies Increase

Debit.

28
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Supplies Decrease

Credit.

29
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Equipment Increase

Debit.

30
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Equipment Decrease

Credit.

31
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Unearned Revenue Increase

Credit.

32
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Unearned Revenue Decrease

Debit.