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Accounting Test 2 #2

QuestionAnswer
Increase with (DR) Decrease with (CR) Assets
Increase with (CR) Decrease with (DR) Liabilities
Increase with (CR) Decrease with (DR) Capital
Increase with (DR) Decrease with (CR) Drawing
Increase with (CR) Decrease with (DR) Revenue
Increase with (DR) Decrease with (CR) Expenses
Never debits Revenue
Never Debits Capital
Never credits Expense
Never credits Drawing
assets, expenses, drawing (after eating dinner) liabilities, revenue, capital (let's read comics)
credits and debits all the time assets and liabilities
Created by: caston03
Popular Accounting sets

 

 



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