Debit And Credit Flashcards

1
Q

Debit increases (dead)

A

Debits
Expenses
Assets
Drawings

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2
Q

Debit decreases (pea)

A

Purchases
Expenses
Assets

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3
Q

Credit increases (clic)

A

Credits
Liabilities
Income
Capital

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4
Q

Credit decreases (rls)

A

Revenue
Liabilities
Sales

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