Unformatted text preview: • What increases the Asset account, a debit or a credit? • What decreases the Asset account, a debit or a credit? • What is the normal balance of the Asset account, a debit or a credit? Account Changes Account Categories What increases the account? What decreases the account? What is the normal balance? Assets Debit Credit Debit Liabilities Credit Debit Credit Equity Debit Credit Debit Revenue Debit Credit Debit Gains Debit Credit Debit Expenses Credit Debit Credit Losses Credit Debit Credit XACC 280...
View Full Document
- Spring '11
- Balance Sheet, Double-entry bookkeeping system, Axia College Material