Personal Reference

Assets
Liabilities
Revenues

Expenses
Withdrawals
Normal Balance: T-Chart
side that increases
T- chart; assets- increase
debit side
T-chart; liabilities/
Revenues- increase credit
side
T-chart; expenses/
withdrawals- increase
debit side
Debit/ Credit- debit is
always on the left side and
credit is always on the
right side
increases/ decreases- if the
debit side increases then
the credit side decreases.