7: Debit & Credit

avatar
Created by
Rachael Ray de Jesus

Subdecks (2)

Cards (7)

  • An account is a form used for recording increases and decreases in each individual asset, liability, capital, revenue, and expense.
  • Both account titles are in each side. Debit (Dr.) is on the left side while on the right side is Credit (Cr.).
  • Both account titles are in each side. Debit (Dr.) is on the left side while on the right side is Credit (Cr.).

    Here are the parts of a T-account.