Here is the general rule to remember which side is debit and which side is credit:
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- To increase purchases/expenses/assets accounts, post a debit entry
- To decrease purchases/expenses/assets accounts, post a credit entry
- To increase purchases/expenses/assets accounts, post a debit entry
- To increase income/liabilities/equity accounts, post a credit entry
- To decrease income/liabilities/equity accounts, post a debit entry
in the following table, it has been illustrated which accounts are debit entry & which accounts are credit entries:
| Debit Entry | Credit Entry |
|
|
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