Understanding debits and credits is a tricky business. (How did accountants get to be so warped, you may wonder?) Don’t sweat, with this table you can get your debits and credits spot on, every time.
| Account Type | To increase this account | To decrease this account |
|---|---|---|
| Asset | Debit | Credit |
| Liability | Credit | Debit |
| Equity | Credit | Debit |
| Income | Debit | Credit |
| Expenses | Debit | Credit |