Accounting $-$ Topic $6-$In$-$Class Exercise

What is the Debit$/$Credit Rule?

$$ALORE

DR CR CR CR DR

darrALORE

CR DR DR DR CR

$\backslash$table$[[$ASSETS$,$LIABILIMES,EQUITIES$],[\backslash$table$[[$Debit$],[$for$],[$Increase$]],\backslash$table$[[$Credit$],[$for$],[$Decrease$]],\backslash$table$[[$Debit$],[$for$],[$Decrease$]],\backslash$table$[[$Credit$],[$for$],[$Increase$]],\backslash$table$[[$Debit$],[$for$],[$Decrease$]],\backslash$table$[[$Credit$],[$for$],[$Increase$]]]]$

$\backslash$table$[[$Account Name,$\backslash$table$[[$Element$],[$Asset$,$ Liability, Owners$],[$Equity$,$ Revenue or Expense$]],$Increasing or$,\backslash$table$[[$Debit or$],[$Credit$]]],[$Purchases$,,$Increasing,$],[$Accounts Payable,,Increasing,$],[$Cash at Bank,,Decreasing,$],[$Discount Received,,Increasing,$],[$Rent Expenses,,Increasing,$],[$Computer Equipment,,Decreasing,$],[$Accounts Payable,,Increasing,$],[$Capital$,,,]]$