Debits and Credits

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Last updated 7:44 PM on 1/24/26
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8 Terms

1
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Assets

Debit (+) , Credit (-)

2
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Liabilities

Debit (-), Credit (+)

3
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Common Stock

Debit (-) , Credit (+)

4
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Retained Earnings

Debit (-) , Credit (+)

5
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Revenues

Debit (-), Credit (+)

6
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Dividends Contra-Equity

Debit (+) , Credit (-)

7
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Expenses Contra-Equity

Debit (+), Credit (-)

8
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